Moving on after another strong result

The Group’s revenue is expected to increase around 2% in 2018, excluding acquisitions. The outlook range for EBITDA before special items is DKK 2,650-2,850m (2017: DKK 2,702m). Investments are expected to amount to around DKK 1.1bn. We are stepping up investment in our digital capabilities and increasingly assessing future opportunities offered by new business models and technologies. Going into 2018, trading looks overall robust and we foresee that Europe’s growth will mitigate the inevitable uncertainty caused by the Brexit negotiations.