Comment / M&A radar: As it falls – 'at what price is DSV a takeover candidate?'

First-quarter (Q1 22) numbers are out next Wednesday for Danish forwarder DSV. A few insiders and outsiders who talked to Premium are already projecting, after next’s week success, more challenging Q2 22, Q3 22 or even Q4 22 comparisons than Q1 22 (“and even Q2 22”), on a comparable year-on-year basis.

Because later this year, they insist, the air/ocean freight volume damage may become fully apparent, if DSV does’t act to chase inorganic growth.

A couple of charts, regardless of the yield* ...