Freight News, Business, Forwarding

Profits up at DSV

[ October 29, 2020   //   ]

DSV Panalpina chief executive Jens Bjørn Andersen said that the global forwarder delivered results above expectations in the third quarter of 2020. He said: “Conditions have been better than anticipated across most of our markets, and at the same time we benefit from efficient cost management. We are happy to announce that all material aspects of the Panalpina integration have now been successfully completed and we can now intensify the focus on organic growth.”

Revenue for the third quarter of 2020 was DKK 28,125 million, up 14.7% on 2019, while gross profit was DKK7,252 million, up 15.6%.