DSV presents satisfactory results in 2023
Operating in an environment with softening demand and normalising freight markets, DSV delivered solid results for 2023. Gross profit decreased by 13.4%, while EBIT before special items was down by 27.4% compared to 2022. These results were in line with expectations after the extraordinary results of 2022.
02/02/2024
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Overview
The general slowdown in global trade had a negative impact on the Air & Sea division, which reported a 33.1% decline in EBIT before special items compared to 2022. Solutions realized a 10.7% decline, and Road- the division delivered an EBIT result on par with 2022.
Group CEO Jens Bjørn Andersen will step down with effect from today, and Jens H. Lund will take over as the new Group CEO. In line with the company's succession plan, DSV has made changes to the executive board and the Group Executive Committee. The new management team, together with Jens H. Lund, will continue to work with and deliver on the company's strategic objectives.
In a world of geopolitical uncertainty and challenged supply chains, DSV is ready to help customers and maintains its ambition to grow faster than the market. Through several acquisitions, DSV has built a solid foundation for organic growth, and M&A is still an important part of the company's strategy.
DSV's climate goals for 2030 have been approved by the Science Based Targets initiative (SBTi) in 2023. In order to realize these ambitions and, in the long term, reach the goal of net-zero, DSV has developed a roadmap for the coming years' climate efforts.
Find the Annual Report here
Find the Sustainability Report here
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