Outlook for 2016


2015 realized
2016
outlook

Sales growth, organic 4% 3-5%
Sales growth, DKK 12% 3-5%
EBIT growth
15% 3-5%
EBIT margin
27.7% ~28%
Net profit growth
12% 8-10%
Net investments excl. acquisitions, DKKm
1,015 1,100-
1,200
Free cash flow before acquisitions, DKKm
2,324 2,400-2,600
ROIC (including goodwill)
25.9% 25-26%
Avg. USD/DKK
673
685