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DSV, 890 - Upgrade of financial outlook for 2021

Company Announcement No. 890

Based on strong financial performance across all business areas so far in Q2 2021 and a continued positive outlook for the year, the full-year guidance for 2021 is hereby adjusted upwards.

  • EBIT before special items is expected to be in the level of DKK 11,750-12,500 million (previously DKK 11,250-12,000 million).

  • The effective tax rate is expected to approximate 23% (unchanged).

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

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The upgraded outlook for 2021 is based on the following assumptions for the remainder of 2021:

  • The current situation in the transport markets with strong demand, tight capacity and high rates is expected to continue

  • Currency exchange rates will remain at current levels

We expect to publish our H1 2021 interim results on 29 July 2021 as planned.

Investor Relations contacts

Yours sincerely,
DSV Panalpina A/S

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