News / DSV Panalpina integration on track as profit soars

DSV Panalpina today reported its first full quarterly results since the Danish forwarder acquired its Swiss rival last August, and reported a year-on-year fourth-quarter ebit surge of 33%.

The company posted an ebit of Dkr1.784bn (US$261.7m), which was around 2% ahead of analysts’ consensus and was driven by better-than-expected results in its contract logistics arm, while its air and ocean freight forwarding was in line and road freight came in below expectations.

DSV said that 9.9% of its growth was organic, while ...