DSV: a full war chest for 2023
The Danish freight forwarding group DSV is looking back on a successful 2022. Financially, gross profit increased by 33%, while ebit grew by 48%. DSV also completed the integration of Agility GIL within a year of the acquisition and ranks itself as one of the "top three players in the industry". The growth strategy goes beyond organic.
"M&A remains an important part of DSV's strategy, and the company continues to monitor the market in search of value creation opportunities", as the press release said. Yet, all that glitters is not gold.
"Towards the end of the year, our performance was impacted by the general macroeconomic slowdown and a gradual normalisation of the freight markets. We expect this trend will continue into 2023 and this is reflected in our financial guidance," said Jens Bjørn Andersen, group CEO. (sh)