Analyst points to "strong probability" of another upgrade for DSV

Sydbank's senior advisor expects double-digit increases in growth at both the top and bottom line at DSV when the logistics major publishes its results next week. Due to chaotic market conditions, there is "strong probability" of another upgrade later in the year.

Photo: Lars Krabbe/Foto: Lars Krabbe/Ritzau Scanpix

Logistics major DSV Panalpina is set to publish its second quarter report on Thursday, and there will be double-digit percentage in store for the net revenue, operating profit and net result, projecrs Sydbank's senior advisor Mikkel Emil Jensen.

Compared with the same quarter in 2020, the senior advisor expects growth in net revenue of 19.3 percent to DKK 34.33 billion (USD 5.4 billion), while he believes the operating profit (EBIT) result will increase by 31.8 percent to DKK 3.44 billion. The net result, he expects, will grow as much as 78.7 percent to DKK 2.48 billion.

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

One alternative fuel may be particularly dangerous

In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.

Further reading

Related articles

Latest news

See all jobs