Denmark's DSV Q3 revenue rises, launches share buyback

Dsv A/S

Yesterday 06:45

Overview
Denmark transport and logistics firm's Q3 revenue rose 12%, driven by Air & Sea and Contract Logistics
Adjusted EPS for Q3 increased 11.5% yr/yr, supported by earnings growth in key divisions
Company launched DKK 1.5 bln share buyback, first since Schenker acquisition

Outlook
DSV narrows 2026 EBIT before special items guidance to DKK 24-25 bln, from DKK 23.5-25.5 bln
Company expects 2026 special items related to integration costs at around DKK 5.5 bln, down from DKK 6.5 bln
DSV sees effective tax rate at about 28% for 2026, citing ongoing Schenker integration

Result Drivers
SCHENKER SYNERGIES - Earnings growth in Air & Sea and Contract Logistics divisions was driven by cost synergies from the Schenker integration
ROAD DIVISION ISSUES - Road division earnings declined due to negative volume growth and lower productivity following operational issues related to the Schenker integration
PROPERTY DISPOSALS - Gains from property disposals contributed to EBIT in all divisions

Company press release: ID:nGNE7HbQZF

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
DKK 80.70 bln
 
Q3 Adjusted Net Income
 
DKK 4.07 bln
 
Q3 Net Income
 
DKK 3.02 bln
 
Q3 Adjusted EBIT
 
DKK 6.61 bln
 
Q3 Gross Profit
 
DKK 20.25 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 2 "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 DKK1,900.00, about 58.3% above its October 20 closing price of DKK1,200.00
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Oct 20 - Switzerland's ABB Q3 revenue rises 14%, to form joint venture with Mitsubishi Electric
Oct 20 - Sweden's Tele2 Q3 sales rise on service revenue growth, cuts guidance
Oct 20 - Truckload carrier Heartland Express' Q3 operating revenue falls more than expected

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.)