Business, Forwarding, Freight News, Logistics

DSV reports ‘solid’ performance

[ February 1, 2024   //   Chris Lewis ]

Danish-owned forwarding and logistics company DSV says it delivered solid results for 2023 in its latest annual report. Gross profit decreased by 13.4%, while EBIT earnings before special items were down by 27.4% compared to 2022. It said these results were in line with expectations after the extraordinary results of 2022 and were in the face softening demand and normalising freight markets.

The general decline in global trade had an adverse impact on the Air & Sea division, which experienced a 33.1% drop in EBIT compared to 2022. The EBIT for Solutions decreased by 10.7%, and the Road division delivered EBIT figures in line with its 2022 results. 

Group chief executive Jens Bjørn Andersen is to step down, with Jens H. Lund will taking over. Brian Ejsing is appointed new group chief operating officer. He has been chief executive, DSV Solutions since 2012.

Tags: DSV