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DSV posts one-third profit increase

[ February 2, 2023   //   ]

Danish-based forwarding and logistics company DSV says it delivered a strong result in 2022, driven by good performance across all business areas. Gross profit increased by 33%, while EBIT before special items grew by 48% and adjusted free cash flow more than doubled compared to 2021.  

The Air & Sea forwarding arm achieved a 53% increase in EBIT before special items, Solutions a 47% EBIT increase, and Road a 9% EBIT increase for 2022. Towards the end of 2022, the performance of DSV’s three divisions was impacted by the general macroeconomic slowdown and the gradual normalisation of freight markets.

DSV also completed the integration of Agility GIL within a year of the acquisition, making the company a top three player in the industry. M&A remains an important part of DSV’s strategy, and the company continues to monitor the market in search of value creation opportunities.

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