Denmark's DSV Q2 revenue rises 24% on Schenker boost

Dsv A/S

22/07/2026 06:43

    

    Overview
  
Denmark logistics firm's Q2 revenue grew 24% yr/yr amid volatile market conditions
Q2 EBIT before special items rose 33% yr/yr, driven by Schenker integration and divisional gains
Company narrowed 2026 EBIT guidance, citing integration progress and synergy outlook

    

    Outlook
  
DSV narrows 2026 EBIT before special items outlook to DKK 23.5-25.5 bln
Company expects 2026 special items related to integration costs of around DKK 6.5 bln
DSV cites ongoing geopolitical risks in the Middle East as key market uncertainty

    

    Result Drivers
  
SCHENKER INTEGRATION - Additional month’s contribution and integration synergies from Schenker drove earnings growth across divisions
AIR & SEA DIVISION - Improved performance in Air & Sea, supported by Schenker and higher air freight gross profit yields
CONTRACT LOGISTICS GROWTH - Strong earnings in Contract Logistics, led by Technology vertical growth and new facility ramp-ups

    
Company press release: ID:nGNE8DKbv7

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
DKK 76.69 bln
 
Q2 Adjusted Net Income
 
DKK 3.47 bln
 
Q2 Net Income
 
DKK 2.63 bln
 
Q2 Adjusted EBIT
 
DKK 6.26 bln
 
Q2 Gross Profit
 
DKK 20.28 bln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "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 DKK2,100.00, about 25.7% above its July 21 closing price of DKK1,670.00
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago

    

    Reuters Recommended Reads
  
July 22 - Cathay Pacific flags stronger first-half profit on travel, cargo demand
July 20 - Ryanair's Q1 profit falls 34% on higher fuel costs, lower fares
July 21 - Alaska Air Q2 swings to loss on fuel cost spike, offsetting revenue gains

    
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.)