DSV, 1030 - INTERIM FINANCIAL REPORT Q1 2023

DSV A/S

Company Announcement No. 1030

Selected key figures and ratios for the period 1 January – 31 March 2023          

	Q1 2023	Q1 2022
Key figures (DKKm)
Revenue	40,954	61,125
Gross profit	11,391	12,877
Operating profit (EBIT) before special items	4,672	6,496
Special items, costs	-	404
Profit for the period	3,287	4,386
Adjusted earnings for the period	3,340	4,747
Adjusted free cash flow	4,898	4,858
Ratios
Conversion ratio	41.0%	50.4%
Diluted adjusted earnings per share of DKK 1 for the last 12 months	76.9	60.5

Jens Bjørn Andersen, Group CEO: “As anticipated, the demand for transport services and freight rates declined during the first quarter of 2023. Nonetheless, we achieved good results and strong cash flow in all our business areas by providing good customer service and efficiently managing our capacity. We expect that global trade volumes will improve gradually in the upcoming quarters, and we stand by our full-year EBIT guidance for 2023.”

Outlook for 2023
We maintain our outlook for 2023 as announced in the 2022 Annual Report:

• Operating profit (EBIT) before special items is expected to be in the range of DKK 16,000-18,000 million.

• The effective tax rate is expected to be approximately 24.0%.

Share buyback
A separate company announcement about the launch of a new share buyback programme of up to DKK 4.5 billion is issued today. The programme will be concluded no later than 24 July 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

        

Attachment

• 1030 - Announcement (27.04.2023) - INTERIM FINANCIAL REPORT Q1 2023