Business, Forwarding, Freight News

DSV doubles forwarding earnings

[ July 26, 2022   //   Chris Lewis ]

DSV says its Air & Sea forwarding division achieved a 105% increase in EBIT earnings in the first half of 2022 amid strong half-year results in all divisions and regions. Gross profit grew 61% in the first half of 2022 compared to the first half of 2021, supported by the integration of Agility while EBIT before special items more than doubled. The Solutions division achieved a 179% EBIT increase and Road 20%. But it warned that uncertainty is affecting the global economy and consumer demand has gradually softened, contributing to a decline in freight volumes for both air and sea.

Tags: DSV