DSV reports record Q3 financial results


DSV has announced its financial results for the third quarter of 2014 ended September 30. It reported Q3 revenue of DKK12.28bn, an increase of 7.09% year-on-year. The company also recorded EBIT of DKK728m, which represented an increase of 5.35% compared to the third quarter of 2013. Accordingly the company’s Q3 margin stood at 5.93%.

Jens Bjørn Andersen Chief Executive Officer said, “We maintained our momentum in the third quarter of the year. Delivering 5% growth in operating profit, the best interim results yet in the company’s history, we are very pleased with our performance.”

“Although affected by the usual impact of seasonality, activity levels remained high throughout the quarter and DSV gained market share in all business areas. The Air & Sea division continues to deliver the highest growth rates and best results, whereas the Road division is affected by price competition. With one quarter left of 2014, we expect to realise a full-year operating profit in the top half of the range we announced at the beginning of the year,” added Andersen.

DSV maintained its full-year outlook for 2014 previously announced. However, operating profit before special items is expected to be in the range of DKK2,600-2,700m against the previous outlook of DKK2,550-2,700m.

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