DSV looks back on positive three months for sea and airfreight volumes
27 / 10 / 2017
DSV, the Denmark-headquartered supply chain specialist, has reported on its third-quarter performance.
Net revenue over the third quarter reached DKr18.7bn Danish Krone, up from DKr17.2bn in the same three months of 2016.
Gross profit rose from DKr4bn in the year-earlier period to reach DKr4.1bn in the 1 July to 30 September 2017 period.
Jens Bjørn Andersen, DSV chief executive, observed: “A strong commercial and operational performance in Q3 has driven earnings growth of more than 30% and a volume performance in line with or above the market.
“We are pleased to see our business continuously improving, and based on this, we upgrade our expectations for 2017,” he added.
The revised expectations for the full 2017 now envisage an operating profit before special items of between DKr4.7bn and DKr4.9bn.
The revised expectations have been buoyed by higher than expected activity levels in the business, mainly in DSV’s Air & Sea division.
Moreover, cost synergies achieved as a result of the integration with UTi have been achieved faster than expected this year.