News / Contract logistics the star performer as DSV unveils mixed Q2 results

Photo 138601705 © Cynthia Hanevy | Dreamstime.com

Contract logistics was the star performer in the second quarter for DSV, reveals the Danish 3PL’s latest round of interim results.

Group-wide, despite a 9% year-on-year increase in revenues, to DKr41.2bn ($6bn), DSV saw EBIT decline 12.4%, to finish the quarter at DKr4.1bn.

The decrease was mainly driven by declines in its ocean and air freight forwarding business, which saw an 18.2% decrease in EBIT, compared with Q2 23, to DKr2.9bn, despite a 7% year-on-year increase in revenue, to DKr24.6bn.

The division’s direct ...