DSV jumps on 2030 targets ahead of market expectations

Dsv A/S

12/05/2026 09:36

** Shares in DSV DSV.CO are up around 5% after the Danish logistics group announced new targets for 2030, and said it expects productivity improvements of DKK 9 billion ($1.42 billion) by 2030

** It expects a group conversion ratio of around 45% and group ROIC about 20%, consisting of divisional conversion ratio targets in Air and Sea of >55%, Road >35% and Contract Logistics >35%

** "Consistent with our expectations (we had expected >60% Air & Sea; >40% Road and >30% in Contract Logistics)," J.P.Morgan says

** The broker says it sees these as minimum levels to achieve the group conversion target, but ahead of what the market was expecting

** The time horizon is set as 2030, JPM says, which the broker thinks will reassure the market, even though there was some expectation these could be achieved sooner

** The stock is among top performers on the pan-European STOXX 600 .STOXX index

($1 = 6.3587 Danish crowns)

(Reporting by Elviira Luoma)

((Elviira.luoma@thomsonreuters.com))