15 Investor presentation First nine months of 2023 Financial results – First nine mon In DKK million Sales Gross profit Gross margin Sales and distribution costs Percentage of sales Research and development costs Percentage of sales Administration costs Percentage of sales Other operating income and expenses Operating profit Operating margin Financial items (net) Profit before income tax Income taxes Effective tax rate Net profit Diluted earnings per share (DKK) CER: Constant exchange rates First nine months of 2023 166,398 140,647 84.5% (39,573 ) 23.8% (21,983 ) 13.2% (3,399 ) 2.0% 116 75,808 45.6% 1,246 77,054 (15,334 ) 19.9% 61,720 13.71
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