Denmark's DSV Q1 revenue beats estimates but profit misses on Midest woes, Schenker deal

Dsv A/S

29/04/2026 06:48

Overview

Denmark logistics firm's Q1 revenue rose, beating analyst expectations

Adjusted EBIT and adjusted net income for Q1 missed analyst expectations

Company cites Schenker acquisition and market disruptions from Middle East conflict as key factors

Outlook

DSV reiterates 2026 EBIT before special items guidance of DKK 23-25.5 bln

Company expects special items related to integration costs around DKK 6.5 bln in 2026

DSV says market outlook remains uncertain due to macroeconomic and geopolitical risks

Result Drivers

SCHENKER INTEGRATION - Co said growth in revenue and profit was mainly driven by the contribution from Schenker, with integration progressing in over 50 countries

SUPPLY CHAIN DISRUPTIONS - Co said the Middle East conflict caused more complexity and disruptions to customers’ supply chains, especially within air and sea freight

DIVISIONAL PERFORMANCE - Road and Contract Logistics saw strong EBIT growth, while Air & Sea reported negative EBIT growth due to lower gross profit yields and the dilutive effect from Schenker

Company press release: ID:nGNE5jQ75V

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
DKK 70.42 bln
DKK 69.004 bln (7 Analysts)
Q1 Adjusted Net Income
Miss
DKK 2.81 bln
DKK 2.92 bln (4 Analysts)
Q1 Net Income
DKK 1.64 bln
Q1 Adjusted EBIT
Miss
DKK 4.86 bln
DKK 4.99 bln (8 Analysts)
Q1 Gross Profit
DKK 18.90 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"

Wall Street's median 12-month price target for DSV A/S is DKK2,040.00, about 22.5% above its April 28 closing price of DKK1,665.50

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)