Wednesday, February 9, 2022

Supply chain woes boost DSV numbers, profit zooms 71%

 Global supply chain services provider DSV reported 59 percent growth in revenue at DKK 182.3 billion (approximately $28 billion) and 71 percent growth in operating profit at DKK16.2 billion ($2.5 billion) for 2021.



All three business areas – air & sea, road and solutions – contributed to the growth, an official statement said.

"DSV continues to pursue its successful growth strategy. In August 2021, Agility's Global Integrated Logistics (GIL) was acquired, adding scale to the global network and strengthening DSV's presence in the Middle East and South-East Asia."

For 2022, DSV expects EBIT before special items in the range of DKK18 billion – DKK20 billion ($2.8-- $3.08 billion) - a YoY increase of 12.5-25 percent. "The current market conditions with tight capacity and congestion are expected to continue well into 2022."


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