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Interim financial report for H1-2019 released

We are pleased with our strong second quarter results in 2019. DSV continues to outgrow the market as we lead in profitability.

Interim financial report for H1-2019 released
We are very pleased with the strong results for the second quarter of 2019. Global transport markets are soft – especially within air freight, but DSV has managed to outgrow the market while still delivering market leading profitability. We expect that the Panalpina transaction will close in Q3 and we look forward to combining two strong companies and leveraging our extensive networks and expertise to provide even stronger customer offerings.

- commented Jens Bjørn Andersen, Group CEO 

Selected Financial & Operating Data For the Period January 1 - June 30, 2019

 (DKKm)
 Q2 2019 
 Q2 2018 
excl. IFRS 16

 YTD 2019 
YTD 2018
 excl IFRS 16
  
Revenue   20,079  19,491  40,058  37,871 
Gross profit     5,285  4,450 10,399  8,570 
EBIT before special items   1,631  1,449 3,085  2,605 
Operating margin  8.1%  7.4%  7.7%  6.9%
Conversion ratio  30.9% 32.6%   29.7%  30.4%
Special items, costs   19  -  19  -
Profit after tax  1,149  1,187  2,112  1,956
Adjusted earnings for the period  1,196  1,214  2,189  2,000
Adjusted free cash flow - -  1,802  1,671
Diluted adjusted earnings per share DKK 1 for the last 12 months - -  23.5  20.5

To facilitate the listing of new shares for the Exchange Offer to the shareholders of Panalpina, DSV withdrew its outlook for 2019 on April, 30, 2019. 

We expect to publish a new financial outlook once the combination with Panalpina has been completed.

Related News

Interim financial report for Q1 2019 released
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Annual report 2018 just released 

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