Transport giant exceeds expectations with interim results

It has been a good second quarter for DSV

It has been an unexpectedly good second quarter for the Danish transport and logistics company DSV, causing the haulier to raise its performance forecast for 2015.

The pre-tax profit for Q2 was 710 million kroner, up from 626 million kroner in Q2 2014, on a turnover of 13.1 billion kroner, up from 12.1 billion kroner last year.

Remarkable growth
Jens Bjørn Andersen, the CEO, expressed satisfaction with the interim results.

“We maintained the positive growth trend in both the number of shipments and earnings in all our business areas in the second quarter of 2015,” he said.

“Our Air & Sea Division reports a remarkable 26 percent earnings growth, and after a solid first six months of the year, we now raise our full-year performance forecast for 2015.”

Whereas the operating profit before special items (EBITA) for the year had been previously expected to reach 2.7-2.9 billion kroner, it is now forecast at 2.85-3 billion kroner.

DSV has offices in more than 70 countries and splits its business between an air and sea division, a road division, and a logistics division.