DSV announces slight increase in revenue for first nine months of 2011

By on Oct 27, 2011

DSV has announced its results for the first nine months of 2011 with a 42% increase in revenue from DKK 31,451m in 2010 to DKK 32,787m in 2011. Gross profit amounted to DKK 7,322m, a 54% increase compared to 2010. This resulted in a gross profit margin of 22.3%.

Operating profit before special items (EBITA) came to DKK 1,837m, compared to DKK 1,638m in the corresponding period of 2010. This resulted in an EBITA margin of 56% Profit before tax was reported to be DKK 1,530m.

A company statement said: "The results for the first nine months of 2011 are deemed satisfactory."

The performance remains in line with DSV's expectations for the full year as the company has maintained its outlook moving into the fourth quarter. Revenue is expected to be in the range of DKK 44,000m – 47,000m, while gross profit is expected to be in the range of DKK 9,800m – 10,200m and operating profit (EBITA) is expected to be in the range of DKK 2,400m – 2,550m.

 

Content provided in partnership with Transport Intelligence.

Post new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.