Freight News, Logistics, Business, Forwarding

DSV report strong results in ‘extraordinary’ Q3

[ October 26, 2021   //   ]

DSV said it enjoyed strong third quarter financial results across all three divisions in what it described as “extraordinary market conditions”. Earnings before interest and tax grew by 52.5% compared to the same period last year – excluding the impact of the acquisition of Agility’s Global Integrated Logistics business.

The Danish-based forwarder also reported “ good progress” in integrating the Middle East forwarder,  which became part of DSV in August 2021. Operational integration is expected to be fully completed by the third quarter of 2022, said DSV.

DSV also said that Jens Lund will now take on a new role as group chief operating officer and deputy group chief financial officer while Michael Ebbe is appointed new group CFO.