DSV eyes hefty synergies from Schenker takeover, shares jump

Dsv A/S

30/04/2025 08:04

** Shares in DSV DSV.CO rise 7% after the Danish logistic group completed the deal to acquire Germany's Schenker and provided an outlook on benefits from the transaction

** The company expects synergies of 9 billion Danish crowns  ($1.37 billion) by 2028 from the acquisition, which J.P.Morgan analysts see as "confident"

** JPM says it initially expected synergies in the range of 3.75 billion-10 billion crowns, thus the guidance comes towards the upper end of the range

** The outlook "demonstrates management's confidence in taking cost out in the current environment, despite trading uncertainties", the broker says

** DSV posts first-quarter operating profit in line with expectations and raises outlook to reflect the acquisition

($1 = 6.5514 Danish crowns)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))