News / Strong Q3 for DSV improves profit expectations as UTi benefits grow

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Danish 3PL DSV reported some of its strongest quarterly results today, with its air and sea freight forwarding division seeing pre-tax profit growth of 49.4%.

Group-wide EBIT before special items grew 34.4% year-on-year to reach Dkr1.3bn (US$206m). The company upgraded its full-year guidance and now expects to post a profit of Dkr4.7-4.9bn in 2017.

The freight forwarding segment posted an EBIT of Dkr903m compared with Dkr626m in the third quarter of last year, with revenues growing 9.2% from Dkr8.3bn last year to Dkr9bn ...