Good progress on our strategic priorities, strong execution of Funding the Journey and a warm summer in Western Europe are the main reasons behind the strong third-quarter performance. Consequently, we now expect: 

• 10-11% organic operating profit growth (previously high-single-digit percentage growth).

A translation impact on operating profit of around DKK -500m (previously DKK -425m) is assumed, based on the spot rates as at 24 October. 

Other relevant assumptions are: 

Financial expenses, excluding currency losses or gains and fair value adjustments, are expected to be around DKK 800m (unchanged). 

The effective tax rate is expected to be below 29% (unchanged). 

Capital expenditures are expected to be DKK 4.0-4.5bn (previously around DKK 4.5bn).