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UTi takeover puts pressure on DSV in Q1 result

Revenue increased significantly for DSV in the first months of 2016 following the acquisition of UTi. But the takeover reduced the bottom line, according to the interim report from the transport og logistics group. Seafreight increased 40 percent in containers following the takeover.

Photo: Stine Bidstrup

DSV's acquisition of US-based UTi is now reflected in the results from the Danish-based transport and logistics group, which on Thursday published its first quarter interim report.

Revenue in the first quarter increased to USD 2.38 billion from USD 1.93 billion in the first three months of 2015. But the result was impacted by costs related to the merger of the companies and thus declined to USD 48.9 million from USD 87.3 million.

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