A solid year for DSV
Despite softening demand and a general decline in global trade, DSV can look back on a satisfactory 2023, with the company’s results in line with expectations after its strong performance in 2022.
Geopolitical tensions resulted in a 33.1% drop in ebit in DSV’s air & sea division compared to 2022. Ebit also declined in the solutions division (contract logistics), while the road division’s figures were on par with 2022.
DSV’s outlook for 2024 sees the air & sea market recovering slightly and growing by 3-4%. However, the road haulage business will remain flat, while the contract logistics segment is expected to achieve higher growth rates in 2024.
DSV's 2030 near-term carbon emission targets were validated by SBTi in 2023. The company also established a USD 10 billion joint venture with Neom, focused on DSV providing the logistics services for the Saudi Arabian project. (mk)