ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Related articles

Latest news

See all jobs