The group achieved 7.9% growth in gross profit, driven by above-market growth in all divisions. Operating profit grew 14.5%, and the conversion ratio came to 31.2% and is closing in on the current 2020 target of 32.5%. Adjusted free cash flow came to DKK 3,916 and we have distributed DKK 4,541 to shareholders via share buyback and dividend, in line with our the capital allocation policy. Diluted adjusted earnings per share grew a solid 20.1% in 2018.
