2015 was a good year for DSV. The company gained market share across all business segments and delivered strong growth in earnings and cash flow. The Air & Sea Division was the main contributor to the growth in earnings, but the Road Division also delivered a good comeback.
“2015 was the year in which we executed on our strategy to grow through acquisitions. In January 2016, we obtained the final approval of the acquisition of UTi Worldwide Inc. We now have a major project ahead of us — the merger of two global logistics providers and lifting the UTi earnings to DSV levels,” says Jens Bjørn Andersen, CEO.
Selected financial and operating data for the 2015 financial statements (1 January – 31 December 2015)
(DKKm) | Q4 2015 | Q4 2014 | YTD 2015 | YTD 2014 |
Net revenue | 12,606 | 12,539 | 50,869 | 48,582 |
Gross profit | 2,830 | 2,615 | 11,201 | 10,297 |
Operating profit before special items | 749 | 649 | 3,050 | 2,624 |
Operating margin | 5.9% | 5.2% | 6.0% | 5.4% |
Operating profit before special items | ||||
Air & Sea | 492 | 399 | 1,923 | 1,542 |
Road | 197 | 174 | 918 | 837 |
Solutions | 63 | 90 | 242 | 274 |
DSV is a global supplier of transport and logistics services. It has offices in more than 80 countries all over the world with +40,000 staff and an international network of partners and agents, which makes DSV a truly global player offering services worldwide.