DSV

Ever-expanding DSV has predicted it will be part of further M&A in the freight forwarding market. Announcing “strong” first-quarter results today, ...

And Dr Trefzger agreed it was “not a new dimension”. He said: “Competition [is a] question as old as forwarding and carriers. DSV group CEO Jens Bjørn Andersen said some lines “have been more vocal about going into our area”, adding: “It gets blown a bit out of proportion – we are not in fierce competition. So there is no change in the competitive landscape. And our focus, all of our strategy in sea logistics is customer service, end-to-end reliability and visibility, and managing the cargo mix towards high yield in complex transports, mainly.” “We don’t see any change, because the carrier business and the forwarding business are separate. That will continue as long as I am in the company. But now there’s really very low reliability. “And whatever has happened so far in the carrier market has not changed the competitive situation, because we are talking to the same companies and competitors that have been bought and have a different owner.” And it doesn’t harm us. They are [only] in certain areas.” There has always been consolidation and will continue to be as long as I live – and we will always be part of it.” He said: “If we were to look at a company of similar size, there would be nothing to prevent [more M&A activity].” But, noting that takeovers and integration “take some time”, he added that “it puts the organisation under pressure, so we’d need to strike a balance on that”.

DSV A/S (OTCPK:DSDVF) Q1 2022 Earnings Conference Call April 27, 2022, 5:00 AM ET Company Participants Jens Bjorn Andersen – Chief Executive Officer Jens H.

Based on the strong performance in Q12022 and expectations for the remainder of the year, DSV has upgraded the 2022 outlook for earnings before special ...

"The difficult situation in Ukraine is on everyone's mind. The markets continue to be impacted by tight capacity and congestion, and in March we saw the return of Covid-19 lockdowns in China - a reminder to us all that the pandemic is still not over. Additionally, the GIL integration contributed strongly to the division's result.

Freight forwarder DSV reported gross profit grew 61% in the first quarter of 2022 with the Air & Sea division achieving an EBIT growth of 109%. The.

Besides the addition of GIL, the growth in revenue for the first three months of 2022 was driven by significantly higher freight rates for both air and sea compared to the same period last year. DSV achieved 22% volume growth in airfreight for the quarter. For the first three months of 2022, gross profit in the division amounted to DKr8,637m, compared to DKr4,788m for the same period last year.