Independent journal on economy and transport policy
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DSV's third quarter results still benefit from the effects of the acquisition of Panalpina
The period was closed with a net profit of D KRONer 1.3 billion (+16.4%)
October 29, 2020
In the third quarter of 2020, the volume of maritime shipments 568,000 teu (+9.2%), while that of air shipments was equal to 300 million tonnes (+3.9%).
"In the third quarter of 2020- commented DSV Panalpina CEO Jens Bjørn Andersen - all three divisions generated results exceed our expectations. Market conditions are been better than expected in most of our markets and at the same time, we benefit from efficient cost management."
In the first nine months of this year, the group revenues of 84.2 billion Danish kroner, with an increase in +30.4% over the same period of 2019, of which 53.7 billion were produced shipping (+62.4%), 22.4 billion from road shipments (-5.1%) and 10.1 billion from other businesses (+4.4%). Operating profit was 6.9 billion (+41.8%), with a contribution of 5.2 billion from sea and air shipments (+58.1%), 970 million from road shipments (-0.9%) and 705 million from other logistics activities (+4.8%). The profit before taxes amounted to 4.1 billion Danish kroner (-2.7%) And net profit of almost 3.1 billion (-6.2%).
In the period January-September 2020, maritime shipments amounted to almost 1.7 million teu (+30.3%) and the air shipments at 948,000 tons (+50.6%).
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In the third quarter of 2020, the volume of maritime shipments 568,000 teu (+9.2%), while that of air shipments was equal to 300 million tonnes (+3.9%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
