DSV – last-minute shopping before the party
Bottom-fishing in and out
…Q1 22 results out today, it said:
– First-quarter revenue of $8.9 billion, representing a recovery to 84% of comparable period revenue in 2019.
– First-quarter net loss of $1.6 billion, or ($2.52) per share. Excluding net special items1, first-quarter net loss of $1.5 billion, or ($2.32) per share.
– Company was profitable excluding net special items in March and expects to be profitable in the second quarter based on the current demand trends and fuel price forecast.
– Ended the first quarter with $15.5 billion of total available liquidity.
– Company continues to execute on its plan to pay down approximately $15 billion of debt by the end of 2025.
A DJTA index constituent, it added the group generated revenues “of $8.9 billion in the first quarter, including industry-leading passenger revenues of $7.8 billion, and cargo revenues of $364 million”.
To read the full release, please click here.
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Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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