DSV reported solid results for 2023

By: Trademagazin Date: 2024. 02. 05. 11:43

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DSV achieved stable results in 2023, operating in a sluggish demand and normalizing transport market environment. Amidst geopolitical uncertainty and ongoing supply chain disruptions, the global company stands ready to support its customers and maintain its ambition to grow beyond the mainstream market. DSV has created a strong foundation for organic growth with several acquisitions, and mergers and acquisitions remain an important part of its strategy.

At the global company, gross profit fell by 13.4% in 2023, while earnings from business activities (EBIT) fell by 27.4% compared to 2022. However, these results met expectations after the extraordinary results of 2022. The general decline in global trade adversely affected the Air & Sea business, where EBIT decreased by 33.1% compared to 2022. The EBIT of the Solutions (warehouse logistics) division decreased by 10.7%, and the Road (road) division produced EBIT figures identical to the results of 2022.

As of February 1, 2024, Jens Bjørn Andersen, the group’s CEO, resigned and Jens H. Lund took over as the group’s new CEO. In line with the company’s long-term succession plan, DSV has made changes to its Board of Directors and Executive Committee. The new management team will support Jens H. Lund in the implementation of DSV’s strategic focus areas. Amid geopolitical uncertainty and ongoing supply chain disruptions, DSV stands ready to support its customers and maintain its growth ambition beyond the mainstream market.