Content Management review 04 Half-year 2017 performance at a glance 06 Message from the Chairman of the Board of Directors, Åke Hantoft 07 Message from the Chief Executive Officer, Peder Tuborgh 08 Enabling Good Growth 2020 09 Essential business priorities for 2017 10 Highlights 12 Opening the door to our future 14 Market overview 15 Financial review 19 Financial outlook Consolidated financial statements 21 Income statement 22 Balance sheet 23 Cash flow statement 24 Revenue 25 Costs 26 Non-current assets 27 Net working capital 27 Cash flow 28 Equity 28 Net interest-bearing debt 30 Glossary 31 Corporate calendar The half-year report has not been audited or reviewed by the Group’s auditors. Project management: Corporate Finance, Arla. Copy, design and production: We Love People. Translation: Textminded. Photos: Jens Bangsbo and Arla.
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