News / Sea & Air drives growth for DSV, but can it last, asks an operator close to capacity

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DSV was buoyant this morning as it reported healthy third-quarter gains in its Sea & Air division.

The company saw 12.4% organic growth in EBIT from the unit, or 13.3% year-to-date, with net revenues of DKr5.67bn ($972m), gross profits of $203m, and EBIT before special items of  $74.5m.

While road was “impacted by margin pressure”, sea freight registered volume growth of 7.6% and air freight soared ahead with a 13.6% rise in volumes. But CEO Jens Bjørn Andersen warned that those rates ...