DSV reports strong 2022 results

DSV reported a 33 percent increase in gross profit for 2022 on good performance across all business areas.

Air & Sea divisions reported a 53% increase in EBIT before special items, Solutions achieved a 47% EBIT increase, and Road achieved a 9% EBIT increase.

"Towards the end of the year, our performance was impacted by the general slowdown and a gradual normalisation of the freight markets. We expect this trend will continue into 2023 and this is reflected in our financial guidance." Jens Bjørn Andersen, Group CEO, DSV

"We finalised the integration (Agility GIL) during Q32022, and we estimate that GIL will contribute at least DKK 3 billion ($450 million) annually to combined EBIT before special items." Michael Ebbe, CFO, DSV

DSV expects negative development in freight volumes to continue in H12023 but recovery in H2. EBIT before special items is expected to be in the range of DKK 16-18 billion ($2.4-2.7 billion).

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