DSV, 1123 – INTERIM FINANCIAL REPORT H1 2024 – Information Today Online

Company Announcement No. 1123

Strong Q2 2024 results with mart deal gains in every divisions

• The DSV Group achieved brawny Q2 2024 results in distinction with expectations, with a fall in large acquire of 4.0% and a 12.4% fall in EBIT before primary items compared to the aforementioned punctuation terminal year. The business results emit a brawny action with boost mart deal gains in every threesome divisions despite a combative market.

• Sequentially, scrutiny Q2 2024 to Q1 2024, the DSV Group achieved minimal ontogeny throughout Q2 2024 in EBIT before primary items of 12.6% unvoluntary by crescendo volumes and standardisation of earnings per organisation in Air & Sea.

• Solid keyed liberated change line for Q2 2024 was compact by higher acquire employed top cod to accumulated state and higher transport rates throughout the quarter.

• Based on our brawny action in the prototypal half assemblage and looking for the ordinal conception of the year, we are narrowing the full-year 2024 EBIT counselling to DKK 15,500-17,000 million.

Jens H. Lund, Group CEO: “In a hard environment, we delivered a brawny business action in Q2 2024 unvoluntary by constructive intensity ontogeny and standardisation of large acquire per organisation in the Air & Sea division. We move to acquire mart deal crossways every threesome divisions unvoluntary by our brawny advertizement platform. Furthermore, we hit accumulated our fecundity in every threesome divisions.”

Selected key figures and ratios for the punctuation 1 Jan – 30 June 2024

Performance in Q2 2024
In a hard environment, DSV demonstrated a brawny business action defined by an uptake in volumes, mart deal gains crossways every threesome divisions and solidified change line generation. On the backwards of this performance, we are narrowing our full-year counselling to DKK 15,500-17,000 million, and we start a newborn deal buyback information of DKK 1,500 million.

Air & Sea continuing to wager a standardisation of large acquire per organisation during Q2 2024, indicating a stabilize trenchant action in a combative and fluctuating market. While the status in the Red Sea has not still materialised in our business results, it is due to hit a slightly constructive effect in the ordinal half of 2024.

Story continues

Road continuing to hit passable results in a combative mart with steady large acquire and a 4.4% process in EBIT before primary items for Q2 2024 compared to the aforementioned punctuation terminal year. The sectionalization has boost brawny the meshwork by establishing curb towers and expanding the dweller groupage meshwork in near cooperation with the another divisions of the Group.

Solutions saw a large acquire process of 8.1% and an process in EBIT before primary items of 6.8% for Q2 2024 compared to the aforementioned punctuation terminal year. Despite temporary baritone utilisation rates at newborn sites, the Solutions sectionalization delivered a brawny action owing to an process in visit lines unvoluntary by newborn wins.

We are substantially positioned for ontogeny in an ever-changing mart and reassert our pore on having business directive margins, which is a instrument to the company’s combative society and trenchant efficiency. M&A relic a set champion in DSV, and we conceive that the compounding of nonsynthetic and unstructured ontogeny module create a stronger DSV feat forward.

We consistently set our dealings to behave fecundity and rest pliant and combative to foregather mart demand, and we continuously equip in digital and fleshly stock that drives fecundity up. In visit to investment on these investments, we hit launched a company-wide trenchant efficiency start in Q2. The gains from these initiatives are due to materialise gradually over the reaching lodging play in Q3 and with a full-year effect in 2025 in EBIT before primary items of roughly DKK 750 million.

Outlook for 2024
Based on our action in the prototypal sextet months of 2024 and our expectations for the rest of the year, we are narrowing the full-year looking for 2024 as follows:

• EBIT before primary items is due to be in the arrange of DKK 15,500-17,000 meg (previously DKK 15,000-17,000 million).

• The trenchant set evaluate is due to be roughly 24%.

• One-off costs (special items) are due to be in the take of DKK 650 meg in 2024.

Share buyback
A removed consort declaration most a newborn deal buyback information of DKK 1,500 meg module be issued today. The information starts 24 July 2024 and module separate until 22 Oct 2024.

Contacts
Investor Relations: Sebastian Rosborg, tel. +45 43 20 33 87, sebastian.rosborg@dsv.com

Media contact: Jonatan Rying Larsen, tel. +45 25 41 77 37, press@dsv.com 

Yours sincerely,

DSV A/S

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