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DSV, 1046 - INTERIM FINANCIAL REPORT H1 2023

Company Announcement No. 1046 Selected key figures and ratios for the period 1 January - 30 June 2023         Q2 2023Q2 2022YTD 2023YTD 2022Key figures (DKKm)     Revenue37,72762,74978,681123,874Gross profit11,33114,07822,72226,955Operating profit (EBIT) before special items4,7057,4539,37713,949Special items, costs-257-661Profit for the period3,3755,0706,6629,456Adjusted...
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Company Announcement No. 10 46 


Selected key figures and ratios for the period 1 January - 30 June 2023         

Jens Bjørn Andersen, Group CEO: In Q2 2023, we delivered a solid set of results across all three divisions and a strong cash flow. The demand for transport and logistic s services is soft , and during the first half of 2023 we have demonstrated our ability to adapt to changing market conditions. The market development outlook is still uncertain , but we see signs of stabilisation and we anticipate gradual improvement in global trade volumes over the next quarters.”

Outlook for 2023
As announced today in Company Announcement no. 1045, we upgrade the full-year outlook for 2023 as follows:

The upgrade is based on DSV's performance in H1 2023 and the assumption of a gradual improvement in global trade volumes in H2 2023. As the global logistics markets continue to normalise, we expect a further decline in gross profit yields for air and sea compared to the H1-23 levels.

Share buyback

A separate company announcement about the launch of a new share buyback programme of up to DKK 4.0 billion is issued today. The programme will be concluded no later than 23 October 2023.

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

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