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## Operating activities 

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## Key developments 2013 

66.6 bn 

Organic net revenue growth of 1% to DKK 66.6bn. 

9.8 bn 

Operating profit before special items of DKK 9.8bn driven by 5% organic growth. 

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3.0 bn 

Free operating cash flow of DKK 3.0bn. 

5% 

200 m 

Free cash flow of DKK 200m impacted by acquisitions in Asia. 

5.8 bn 

Adjusted net profit of DKK 5.8bn, up 5%. 

Operating profit  is a measure of our ability to enhance operational performance through top-line growth while containing or reducing costs by working more effectively and efficiently. 

A strong free cash flow allows us to return value to shareholders, pay down debt, reinvest in our business and engage in value-creating acquisitions in growth markets. 

