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DSV CEO: No sense of crisis

“The world does not end with Europe and the growth is significant  elsewhere. Furthermore, our exposure to Southern Europe is minimal”, DSV CEO, Jens Bjørn Andersen tells Ritzau Finans. He is not affected by the crisis.

Photo: GORM OLESEN

Southern Europe is in a deep crisis resulting in lower freight rates for the transportation market but even so DSV has reported significantly improved top and bottom lines in the second quarter of 2012. CEO Jens Bjørn Andersen does not think that DSV is affected by the crisis, he tells Ritzau Finans following the publication of the giant freight forwarder’s second quarter results.

During this period, DSV increased turnover to USD 1.87 billion compared to USD 1.82 in the same period last year and the operating result, EBITA, rose to USD 113 million up from USD 107 million. Turnover was lower than expected by the market according to SME Direkt but the result was better.

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