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Interim report for H1 2016 released

With earnings growth of more than 10%, we are very satisfied with our performance in the second quarter

Jens Bjørn Andersen, CEO:

"With earnings growth of more than 10%, we are very satisfied with our performance in the second quarter. DSV continues the positive development, and UTi's operating deficit has been neutralised only five months after the acquisition. The integration of UTi is progressing faster than we had originally anticipated, and the merger of offices and IT systems is already more than halfway complete. UTi's and DSV's employees and operations are being united step by step across the world, and it is great to see that our new colleagues are highly motivated to become part of the DSV culture — that is crucial for a successful integration."

(DKKm) H1 2016:

  • Net revenue 17,606
  • Gross profit 4,214    
  • Operating profit before special items 900            
  • Operating margin 5.1%
  • Conversion ratio 21.4%
  • Net special items, costs 341                  
  • Profit before tax 455           
  • Adjusted earnings for the period 610              
  • Diluted adjusted earnings per share of DKK 1 for the period 3.27     

The consolidated full-year outlook for 2016 previously announced is adjusted as follows:

  • Operating profit before special items is expected to be in the range of DKK 3,300-3,500 million (previously DKK 3,100-3,500 million)                                          

All other expectations for the full-year performance are unchanged.

Full report available here.

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