Cash return to shareholders in 20 Annual cash return to shareholders DKK billion 45 Share repurchase Free cash flow Interim dividend Free cash flow guidance Dividend 30 17 15 15 17 15 7 7 7 11 0 2017 12 2018 12 2019 13 2020E 1 1 For 2020, expected free cash flow is DKK 36-41 billion. Note: Share repurchase programmes run for 12 months starting Feb until end-Jan of the following year.
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