News / DSV and K+N enjoy a strong Q1 and are 'unfazed' by liner logistics incursion

© Timon Schneider

Ever-expanding DSV has predicted it will be part of further M&A in the freight forwarding market.

Announcing “strong” first-quarter results today, which saw revenues up 82%, to Dkr61.125bn ($8.7bn), and ebit up 104%, to Dkr3bn, as it incorporated Agility GIL, the firm said its appetite for takeovers had not diminished.

The integration of Agility’s logistics arm will be completed in the third quarter, at an estimated cost of about Dkr1bn this year – “We are almost there,” said COO Jens Lund, in an ...