Comment / Conf call redux: DSV + Panalpina? CEO: 'We are super happy about that'

DSV Panalpina’s Q1 ’20 conference call last Thursday was a mighty 12,000-word yawnathon with two entirely predictable themes: Covid-19 and Panalpina.

Management say they are ‘super happy’, although thousands of employees facing redundancy are probably less so.

Don’t you believe it?

It’s here. After saying DSV was “fairly happy” with the cash flow performance, CEO Jens Andersen impudently added:

“So on Page number 5, you can see that the integration is still on track between Panalpina and DSV. We are super happy about that. The ...