DSV profit misses forecast on weak freight rates

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It is reporting season in Europe once more as the third quarter comes to and end, and today saw acquisitive Danish forwarder DSV announce slight declines in its profit compared to last year as a result of continuing weak rates. It has held its full-year profit forecast, but has decided to delay a share buy-back programme as a result of its strategy to reduce debt. Proceeding with the programme would have incurred greater debt levels. All in all, a rather ...