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DSV — Earnings Release 2021
Oct 11, 2021
3363_rns_2021-10-11_b65a9fb7-9b3f-4eee-8ae4-b858220a2b1b.pdf
Earnings Release
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DSV
11 October 2021
Trading update for Q3 2021 and upgrade of financial outlook for 2021
Company Announcement No. 920
DSV A/S hereby releases preliminary, unaudited results for the third quarter of 2021 and upgraded guidance for 2021.
| (DKKm) | Q3 2021 | Q3 2020 | YTD 2021 | YTD 2020 |
|---|---|---|---|---|
| EBIT before special items | 4,450 | 2,725 | 11,088 | 6,904 |
The positive development in the first half of the year has continued into Q3 2021, and we have seen strong financial performance across all divisions with results exceeding our expectations, especially in Air & Sea.
The strong results are driven by high activity levels and continued extraordinary market conditions with disruption and tight capacity in both air and sea freight markets.
The integration of Agility's Global Integrated Logistics business (Agility GIL) was initiated on 16 August 2021 and is progressing as expected.
Upgrade of outlook for 2021
Based on preliminary numbers for Q3 2021 and expectations for the remaining part of 2021, we upgrade the full-year outlook for 2021:
- EBIT before special items is expected to be in the range of DKK 15,250-16,000 million (previously DKK 13,750-14,500 million).
- The effective tax rate is expected to approximate 23% (unchanged).
The upgraded outlook is based on the assumptions that the current situation in the transport markets with strong demand and tight capacity will continue throughout 2021. Furthermore, we assume that the integration of Agility GIL will continue as planned.
We expect to publish our Q3 2021 interim results on 26 October 2021.
Investor Relations contact
- Flemming Ole Nielsen, tel. +45 43 20 33 92, [email protected]
Yours sincerely,
DSV A/S
DSV A/S, Hovedgaden 630, 2640 Hedehusene, Denmark, tel. +45 43 20 30 40, CVR No. 58233528, www.dsv.com.
DSV Group
We provide and manage supply chain solutions for thousands of companies every day – from the small family run business to the large global corporation. Our reach is global, yet our presence is local and close to our customers. More than 75,000 employees in more than 90 countries work passionately to deliver great customer experiences and high-quality services. Read more at www.dsv.com