2014 Annual Report released

2014 was a good year for DSV in many respects.

"We grew with our customers — existing as well as new — and we gained market share in all business areas. Not least, we delivered results in line with the expectations announced at the beginning of the year. The Air & Sea Division was the main contributor to the growth in earnings, whereas the Road Division was affected by the ever present intense competition in our industry. We have a promising outlook for 2015; the investments we have made over the past couple of years to increase our productivity give us a solid basis for harvesting the best results from global market growth," says Jens Bjørn Andersen, CEO.

Outlook for 2015

  • Gross profit is expected to be in the range of DKK 10,500-10,900 million
  • Operating profit before special items is expected to be in the range of DKK 2,700-2,900 million
  • Net financial expenses are expected to approximate DKK 300 million 
  • The effective tax rate of the Group is expected to be close to 25%
  • The free cash flow, before any acquisition or disposal of entities, is expected to approximate DKK 2,000 million