News / DSV falls behind in airfreight as it tries to maintain profit

24/10/2023

DSV’s third-quarter results were somewhat overshadowed by its huge deal to provide construction logistics for Saudi project NEOM. However, it said it had “solid results”, with gross profit for its nine months down 15% and EBIT down 30.6%, “which was expected”.

Revenue for Q3 was DKK35.3bn ($5.02bn), or DKK114.25bn for the nine months, while profit was DKK2.8bn for the quarter, down from DKK4.8bn, and DKK9.6bn for the year to date.

Its Air & Sea division took most of the focus on today’s ...