DSV Q1 operating profit in line with forecasts, tariffs cloud outlook (updated)

Dsv A/S

30/04/2025 06:57

Adds quote, detail on earnings and outlook in paragraphs 2-6

COPENHAGEN, April 30 (Reuters) - Global freight company DSV DSV.CO reported first-quarter operating profit before special items broadly in line with expectations on Wednesday and cautioned that trade tariffs could potentially hit demand.

"The current geopolitical landscape ... particularly potential demand risks arising from the announced trade tariffs, remain uncertain, and unforeseen changes may impact our financial results," the company said in a statement.

It posted a first-quarter operating profit before special items of 3.86 billion Danish crowns ($588.44 million) compared to the 3.83 billion crowns expected by 17 analysts in a company
poll
.

DSV also said it had completed the transaction of its 14.3 billion euro ($16.27 billion)
acquisition of Schenker
, the logistics arm of German state rail operator Deutsche Bahn.

It said it expects annual synergies of around 9 billion Danish crowns at the end of 2028.

The company said it now expects operating profit before special items this year of between 19.5 billion and 21.5 billion crowns after including the impact from its acquisition of Schenker. Analysts had on average expected 20.18 billion crowns.

($1 = 6.5597 Danish crowns)

($1 = 0.8788 euros)

 (Reporting by Isabelle Yr Carlsson and Stine Jacobsen, editing by Louise Rasmussen)

 ((isabelle.carlsson@thomsonreuters.com;))