DSV announces strong half-year results in all divisions

DSV reports strong half-year results with growth and high productivity in all divisions and across all regions. Supported by the integration of GIL, gross profit grew 61% in the first half of 2022 compared to the first half of 2021, while EBIT before special items more than doubled.

Amidst challenging market conditions, Air & Sea achieved a 105% EBIT increase in the first half of 2022. Solutions achieved a 179% EBIT increase, Road achieved a 20% EBIT increase.

All material parts of the GIL integration are successfully completed in less than 12 months .  Due to uncertainty is surrounding the global economy, consumer demand has gradually softened, contributing to a decline in freight volumes for both air and sea. Still, large parts of the global logistics market are challenged by congestion, COVID-19 lock-downs and continued high rates.

Based on DSV’s strong performance in the first half of 2022 and thier expectations for the remainder of the year, the full-year outlook for 2022 has been upgraded as follows: EBIT before special items is expected to be in the range of DKKm 23,000-25,000 (previously DKKm 21,000-23,000).

Source: DSV