Skip to main content

DSV, 1065 – INTERIM FINANCIAL REPORT Q3 2023

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Company Announcement No. 1065

Selected key figures and ratios for the period 1 January – 30 September 2023        

 Q3 2023Q3 2022YTD 2023YTD 2022
Key figures (DKKm)    
Revenue35,57660,560114,257184,434
Gross profit10,64913,53833,37140,493
Operating profit (EBIT) before special items4,3966,50613,77320,455
Special items, costs–456–1,117
Profit for the period2,8084,4269,47013,882
Adjusted earnings for the period2,8644,8199,65214,899
Adjusted free cash flow  10,80316,763
     
Ratios    
Conversion ratio41.3%48.1%41.3%50.5%
Diluted adjusted earnings per share of DKK 1 for the last 12 months  63.178.8

Jens Bjørn Andersen, Group CEO: “In markets characterised by soft freight volumes and declining rates, we delivered solid results during the first nine months of 2023. The results reflect our flexible business model and, not least, our dedicated employees, who continue to deliver good customer service and efficiently manage our capacity. A real recovery in global freight volumes does not seem to materialise in 2023, but based on the performance so far, we raise the lower end of our 2023 EBIT guidance.

Finally, I will add a comment to the recently announced changes to the Executive Board, which will have effect in September 2024. This will not impact our operations or the execution of our strategy. It will be business as usual, and in the senior management team we are committed to securing a good handover process.”

Outlook for 2023
Based on our performance in the first nine months of 2023 and our expectations for Q4 2023, we narrow the full-year outlook for 2023 as follows:

  • EBIT before special items is expected to be in the range of DKK 17,500-18,500 million (previously DKK 17,000-18,500 million).

Share buyback
A separate announcement about the launch of a new share buyback programme of up to DKK 2.5 billion is issued today. The programme will be concluded no later than 31 January 2024.

Contacts
Investor Relations: Flemming Ole Nielsen, tel. +45 43 20 33 92, flemming.o.nielsen@dsv.com
Media: Christian Krogslund, tel. +45 43 20 41 28, christian.krogslund@dsv.com   

Yours sincerely,

DSV A/S

 

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.