European shadow hangs over DSV financial statements

While analysts agree about their expectations for DSV’s financial statements for the second quarter, to be released on July 31st, they are more worried about the effect of a possible negative development in Europe for the rest of the year.

Analysts fully agree about their estimates for the second quarter for the transportation company DSV. The big question, however, is not the second quarter; it is the development of the Eurozone throughout the rest of the year. An economic backlash could quickly tumble the top line, and in an industry with small margins, a development such as this would have a big impact on the bottom line.

According to SME Direct, analyst expectations for the second quarter, based on the median, are USD 1.87 billion, up from USD 1,81 billion compared to last year. Converted to operational results, EBITA, this would be USD 106.9 million, up from USD 105.8 million, and a net profit of USD 68.4 million versus USD 62.9 million last year.

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