DSV, one of the world's largest freight forwarding companies based in Copenhagen, Denmark, more than doubled its net profit to DKK 8 billion for the 9-months ended September 30, 2021, from DKK 3.1 billion for the nine months ended September 30, 2020, on high demand for air freight and higher sea freight rates.
Revenue increased 44 percent to DKK 121 billion from DKK 84 billion, according to the results announced today.
For the quarter ended September 30, 2021, operating profit (EBIT) before special items increased to DKK 4.5 billion from DKK 2.7 billion in the year-ago period. Revenue was up 77 percent to DKK 49.5 billion from DKK 28 billion.
The operational integration of Agility’s Global Integrated Logistics business, which became part of DSV in August 2021. is likely to be completed by Q3 2022.
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