NASDAQ OMX Copenhagen A/S
Nikolaj Plads 6
DK-1007 København K
Announcement No. 9/2017
15 March 2017
Expedit reports impressive increase in revenue and profit
The Board of Directors of Expedit a/s has today reviewed and adopted the annual report for 2016:

In 2016, the Expedit Group reported a profit before tax of DKK 15.2 million, accounting for an
increase of DKK 4.1 million compared to profit before tax in 2015.

Revenue for 2016 represented DKK 482.2 million, accounting for an increase of 13% on revenue for 2015 of DKK 425.9 million.

EBITDA was positive at DKK 30.1 million, as against DKK 25.7 million in 2015.

EBIT reached DKK 17.5 million, representing an increase of DKK 5.5 million, or 46% on 2015.

Cash flows from operating activities before changes in working capital for 2016 were positive at
DKK 29.3 million as against cash flows from operating activities of DKK 25.5 million in 2015.
Cash flows from operating activities were positive at DKK 20.1 million as against DKK 25.6
million in 2015.

The Expedit Group’s balance sheet total came in at DKK 247.9 million at 31 December 2016,
accounting for an increase of DKK 24.2 million on last year. The increase was attributable to the
higher activity level at year end compared to last year and investments for the year.

Equity stood at DKK 115.5 million at 31 December 2016, equivalent to a solvency ratio of
46.6%.

Profit for 2016 is satisfactory and up on forecast at the beginning of the year, but in accordance
with company announcements during the year.
Outlook
Following the positive performance in 2016, the outlook for 2017 is also positive. The market is still
undergoing changes. Accordingly, the activity level for 2017 is still fairly difficult to predict. On the
same route, competition in the industry remains fierce which may put earnings under pressure.
Announcement 10-2017
Page 1 of 2 page(s)
The Expedit Group’s order book at the beginning of 2017 was at satisfactory level, which together with
investments in both market and production in recent years as well as planned investments for 2017 provides the basis for the positive outlook for 2017. A the same time, the changes in the owners of Expedit
offer new potential, including market-related measures, which will contribute to the ongoing positive
development.
Overall, for 2017 the Group is expected to realise a minor revenue increase and report a profit up on
2016.
Additional information
For additional information, reference is made to the attached detailed annual report.
For further information, please contact Steen Bødtker, CEO, at tel. no. 0045 20 80 88 00 or by email
[email protected].
Best regards
Expedit a/s
Steen Bødtker
CEO
Announcement 10-2017
Page 2 of 2 page(s)