Denmark's DSV Q4 revenue misses estimates

Dsv A/S

04/02/2026 06:39

Overview

Denmark's logistics firm's Q4 revenue missed analyst expectations

Adjusted EBIT for Q4 slightly beat analyst estimates

Company expects Schenker integration completion by end of 2026

Outlook

DSV expects 2026 EBIT before special items of DKK 23,000 - 25,500 million

Company anticipates completing Schenker integration by end of 2026

DSV sees ongoing market uncertainties impacting global trade environment

Result Drivers

SCHENKER INTEGRATION - Schenker integration significantly boosted earnings in Road and Contract Logistics divisions

DELEVERAGING STRATEGY - Co reduced net interest-bearing debt by over DKK 7 bln, supported by strong adjusted free cash flow

EARNINGS GROWTH - EBIT before special items increased by 48.5% compared to Q4 2024, driven by Schenker's contribution

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
DKK 71.69 bln
DKK 73.53 bln (6 Analysts)
Q4 Adjusted Net Income
Miss
DKK 3 bln
DKK 3.49 bln (4 Analysts)
Q4 Adjusted EBIT
Slight Beat*
DKK 5.59 bln
DKK 5.57 bln (8 Analysts)
Q4 Gross Profit
DKK 19.12 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 "hold."

Wall Street's median 12-month price target for DSV A/S is DKK1,930.00, about 8% above its February 3 closing price of DKK1,786.50

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nGNE94R2Wz

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.)