date:May 28, 2019
d a reduction in invested capital.
We made good progress on the transformation, where we have completed the separation of the energy businesses, further integrated our organisation and continued to improve our product portfolio. This resulted in a solid cash return on invested capital and delivery of synergies, getting us closer to our target of USD 1bn by end of 2019. Non-Ocean revenue and gross profit in Logistics Services grew, but needs to accelerate in the coming quarters, says Sren Skou.