DSV delivers record quarterly results

Operating profits at almost 2 billion kroner for the year so far

The Danish transport giant DSV has unveiled record results for the third financial quarter. posting operating profits of 728 million kroner for the quarter and almost 2 billion kroner for the year so far.

Net revenue rose in the third quarter to 12.3 billion kroner from about 11.5 billion in the third quarter of 2013, while 2014 has yielded over 36 billion in total net revenue YTD (year to date) in 2014 compared to the 33.8 billion kroner YTD last year – a growth of 5.7 percent.

"We maintained our momentum in the third quarter of the year. By delivering 5 percent growth in operating profit, the best interim results yet in the company’s history, we are very pleased with our performance,” Jens Bjorn Andersen, the CEO of DSV, said in a press release.

”Although affected by the usual impact of seasonality, activity levels remained high throughout the quarter and DSV gained market share in all business areas.”

READ MORE: DSV assumes full control of DSV Swift Group

Small outlook adjustment
The result means that DSV will maintain its full-year outlook for 2014, but its operating profit forecast is expected to be slightly adjusted from 2.55-2.7 billion kroner to 2.6-2.7 billion kroner.

In a separate company announcement today, DSV announced that it will launch a new share buyback program of 33 million kroner.