DSV maintains full-year outlook, flags continued market uncertainty over Middle East conflict

Dsv A/S

29/04/2026 07:45

COPENHAGEN, April 29 (Reuters) - Danish freight company DSV DSV.CO reported on Wednesday a first-quarter operating profit before special items slightly below forecasts and predicted continued market uncertainty due to economic risks, including the Iran war.

Soaring energy and commodity costs due to the conflict are adding pressure on companies to raise prices worldwide to tide over the growing costs across their supply chains that have now begun to squeeze profit margins.

Chief Financial Officer Michael Ebbe told Reuters DSV was still relying on analyses that the air and sea freight markets would grow around 2% to 3% in 2026, in line with global GDP forecasts.

Rising oil prices would be passed on to customers in line with DSV’s business model, Ebbe said, as carriers or suppliers pass higher costs on to the group..

"Then, of course, the increasing price will end up at the end consumer, and then we will have to see how that can impact the demand", Ebbe said.

Operating profit before special items in the first quarter was 4.86 billion Danish crowns ($760.97 million) against an average forecast of 5.02 billion in a poll provided by DSV.

The company maintained its 2026 outlook for an operating profit before special items of between 23 billion and 25.5 billion crowns ($3.60 billion to $3.99 billion).

DSV still expects the integration of acquired German rival DB Schenker to be complete by the end of 2026.

($1 = 6.3873 Danish crowns)

($1 = 6.3866 Danish crowns)

 (Reporting by Louise Rasmussen and Vera Dvorakova, Editing by Louise Heavens)

 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))