DSV, 882 - INTERIM FINANCIAL REPORT Q1 2021

Company Announcement No . 882Selected key figures and ratios for the period 1 January - 31 March 2021 (DKKm)  Q1 2021Q1 2020      Key figures and ratios     Revenue  33,61627,309Gross profit  7,7856,684Operating profit (EBIT) before special items  3,0671,566Profit after tax  2,329331     Adjusted earnings for the period  2,390755Adjusted free cash flow  ...

Hedehusene, 27/04/2021 (informazione.news - comunicati stampa - trasporti)

Company Announcement N o . 8 82

Selected key figures and ratios for the period 1 January - 31 March 2021

Jens Bjørn Andersen, Group CEO: “ Today , we are proud to announce our agreement to unite with Agility 's Global Integrated Logistics . The combination of our two groups is a perfect match , and G lobal I ntegrated L ogistics will add around 2 3 % to DSV Panalpina 's annual revenue and strengthen our global network, especially in the Air & Sea division . On an eventful day , we are also happy to report 106 % growth in EBIT before special items in the first quarter of 2021 and an upgrade of the financial outlook for full - year 2021 . The strong earnings growth in Q1 was driven by good performance in all business areas , and we benefit from cost discipline and the full - year impact from Panalpina synergies. The markets in air and sea are characterised by strong demand and tight capacity , and it takes an extraordinary effort by our staff to find good solutions for our customers under these challenging market conditions. ”

The agreement to acquire Agil i ty's Global Integrated Logistics business in an all-share transaction is further described in this announcement and in C ompany A nnouncement N o. 881 .

Outlook for 202 1

Based on the strong start to the year, the full-year outlook for 2021 previously announced is upgraded as follows:

The financial outlook for 2021 is for DSV Panalpina stand-alone and excludes the impact from the acquisition of Global Integrated Logistics. The outlook will be updated upon closing, which is expected in Q3 2021.

Share buyback

A separate company announcement about the launch of a new share buyback programme of up to DKK 4,000 million will be issued today. The programme will run until 28 July 2021 or earlier if finalised.

Contacts

Investor Relations: Flemming Ole Nielsen, tel. +45 43 20 33 92, flemming.o.nielsen@dsv.com
Investor Relations: Mads Kristian Hofmeister, tel. +45 43 20 33 88, madskristian.hofmeister@dsv.com
Media: Maiken Riise Andersen, tel. +45 43 20 30 74, maiken.r.andersen@dsv.com  

Yours sincerely,
DSV Panalpina A/S

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