News / DSV in acquisitive mood as results show organic growth

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Danish road freight transport specialist and freight forwarder DSV today reported an “organic” year-on-year growth in half-year revenues of 5.5% to reach DKr23.8bn ($4.3bn), above the DKr22.4bn recorded in the first half of last year.

Operating profit before special items increased by 4.9% and totalled DKr1.25bn for the period, while net profit dropped precipitously to DKr583m compared to DKr738m in the first half of 2013.

DSV management said the decline was mainly due to the expenses related to its Operational Excellence 2.0 ...