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DSV A/S
F:DS8

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DSV A/S
F:DS8
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Price: 105 EUR -3.67% Market Closed
Market Cap: €43.7B

DSV A/S
Investor Relations

DSV A/S is a global logistics company that helps businesses move goods by air, ocean, road, and rail. It arranges freight shipments, clears customs, stores inventory in warehouses, and manages parts of customers’ supply chains. Its clients are mainly manufacturers, retailers, and industrial companies that need reliable transport and storage for products and raw materials. DSV makes money by charging for freight forwarding, contract logistics, and related handling services. In freight forwarding, it does not usually own the ships, planes, or trucks that carry the cargo; instead, it books space, coordinates carriers, and adds value through planning, documentation, and execution. In contract logistics, it also earns fees for warehouse operations, order handling, and distribution services. What makes DSV’s business model distinctive is its role as a middle layer between shippers and the transport network. It ties together many carriers and local partners, giving customers one point of contact for complex international shipments. That makes DSV less like a traditional trucking or shipping company and more like a manager of global goods flow.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 29, 2026
AI Summary
Q1 2026

Integration: DSV said the Schenker integration is progressing well, with live operations in more than 50 countries and customers reacting positively during tender season.

Profitability: Q1 EBIT rose more than 30% to DKK 4.9 billion, but management said Air & Sea margins were still pressured by the timing of integration synergies and market conditions.

Cash and debt: Cash flow was DKK 1.5 billion in the quarter, and DSV said it has already paid off close to DKK 8 billion of debt since the Schenker deal started.

Guidance: Management reiterated full-year guidance despite a more uncertain macro and geopolitical backdrop, including continued tension in the Middle East.

Outlook: DSV expects conversion ratios and margins to improve from Q2 onward as integration synergies begin to come through, with a fuller effect later in the year and into 2027.

Middle East: The company said the Middle East conflict had a moderate financial impact in Q1 through lower volumes and higher fuel-related costs, but customer pass-through should normalize in Q2.

Key Financials
Revenue
more than 75%
EBIT
DKK 4.9 billion
Conversion ratio
close to 26%
Interest costs
close to DKK 1 billion
Cash flow
DKK 1.5 billion
Cash conversion ratio
close to 70%
Debt repaid since Schenker transaction
close to DKK 8 billion
Net interest-bearing debt
around DKK 700 million
Headcount reduction
7,000 white-collar employees less than when the transaction started
Headcount reduction in Q1 Air & Sea
just shy of 1,000 FTEs
Pretax ROIC
10.7%
Air freight yield
DKK 8,200
Ocean freight yield
around DKK 3,900
Middle East contribution to group volume
1% or perhaps even less
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jens Hesselberg Lund
Group CEO & Member of the Executive Board

Jens Hesselberg Lund is the Chief Financial Officer (CFO) of DSV A/S, a global transport and logistics company based in Denmark. Lund joined DSV in 2000 and has played a significant role in the company's financial management and strategic growth. He has been instrumental in overseeing various financial aspects, including mergers and acquisitions, which have been key to DSV's expansion and success in the logistics sector. With a strong background in finance and extensive experience within the industry, Lund has contributed significantly to DSV's reputation as a leading player in global logistics services.

Mr. Michael Ebbe
Group CFO & Member of Executive Board

As of the latest information available, Michael Ebbe is the Group CFO of DSV A/S, a global transport and logistics company based in Denmark. He has played a crucial role in DSV's financial management, strategic planning, and operational efficiencies. Michael Ebbe joined DSV in 2007 and has held various significant roles, contributing to the company’s financial strategies and growth initiatives. He has been instrumental in overseeing financial reporting, compliance, and investor relations, ensuring that DSV maintains its strong financial standing and continues its expansion in the logistics sector. Under his stewardship, DSV has executed several acquisitions to enhance its market position, showcasing his capability in managing complex financial integrations. Ebbe is recognized for his expertise in corporate finance and his ability to navigate the dynamic logistics industry landscape, supporting DSV’s mission to provide exceptional freight services worldwide.

Mr. Brian Ejsing
Group COO & Member of Executive Board

Brian Ejsing is a notable executive in the logistics sector, particularly known for his extensive career with DSV A/S, a leading global transport and logistics company. Ejsing joined DSV in 1989 and over the years, he has held various key positions within the organization, showcasing his expertise and leadership in the industry. Throughout his tenure, Ejsing has been instrumental in driving growth and operational efficiency within DSV. He served as the CEO of DSV Road and was responsible for overseeing the road transport division, one of the largest divisions of the company. His leadership was marked by strategic expansions and improvements in service delivery, contributing significantly to DSV's reputation as a global leader in logistics and transport solutions. His deep understanding of the logistics industry, coupled with his experience, positioned him as a pivotal figure in DSV's continued success. Under his guidance, the company not only expanded its services and operational reach but also enhanced its market competitiveness and customer satisfaction levels. Ejsing's contributions have been highly regarded in the logistics sector, and he remains a respected figure for his strategic vision and dedication to excellence in service.

Mr. Jesper Riis
Group Chief Information Officer

Jesper Riis is a recognized executive at DSV A/S, a global transport and logistics company headquartered in Denmark. He serves as the Group Chief Information Officer (CIO) for DSV. In his role, Jesper Riis is responsible for overseeing the company's information technology strategies and ensuring that IT infrastructure and services align with DSV's business goals. He has played a pivotal role in transforming DSV's IT landscape, focusing on innovation, digitalization, and efficiency to support the company's extensive logistics and transportation operations worldwide. Riis brings a wealth of experience in IT management and strategic planning to DSV, contributing to the company's growth and adaptation in the rapidly evolving logistics sector. His leadership in technology often emphasizes optimizing operational processes, enhancing customer experiences, and ensuring data security. Jesper's expertise and commitment to advancing technological solutions have bolstered DSV's position as a leader in the logistics industry.

Mr. Flemming Ole Nielsen
Director of Investor Relations & Corporate Communication

Flemming Ole Nielsen is a notable figure in the logistics and transport industry, recognized for his significant contributions to DSV A/S, one of the world's largest transport and logistics companies. At DSV, he has held various pivotal roles, helping shape the strategic direction of the company. His leadership is marked by a focus on operational excellence, innovation, and sustainable growth within the logistics sector. Nielsen's career at DSV has been characterized by his ability to consistently drive performance improvements and foster a culture of continuous development. He has played a crucial role in expanding DSV's global reach and enhancing its operational capabilities. His efforts have contributed to DSV's reputation for reliability and efficiency in delivering comprehensive logistics solutions.

Henrik Kjelgaard
Senior Executive Vice President of Corporate Development

Henrik Kjelgaard serves as an Executive Vice President at DSV A/S, one of the leading global transport and logistics companies. He is a part of the top management team and plays a crucial role in shaping the strategic direction of the company. DSV, headquartered in Denmark, is known for its comprehensive services in road, air, sea, and logistics solutions. Kjelgaard's leadership skills and industry expertise contribute significantly to DSV's operations and growth in the competitive logistics sector. His work focuses on optimizing supply chain solutions, enhancing customer relationships, and driving innovation within the company's service offerings.

Albert-Derk Bruin
CEO of DSV Solution

Albert-Derk Bruin is a notable executive in the logistics and transportation industry, currently serving at DSV A/S, a global transport and logistics company. As a key figure in the company's leadership, Bruin has played a significant role in guiding the strategic direction and operational efficiency of DSV's operations. He is known for his expertise in supply chain management and his understanding of the complex dynamics of global logistics. Bruin has been instrumental in leveraging DSV's capabilities to enhance service delivery and expand its market presence. His leadership has contributed to the development and implementation of innovative solutions that address the evolving needs of clients in the logistics sector. Under his guidance, DSV has continued to strengthen its position as a leading player in the transportation industry, adapting to new technologies and embracing sustainable practices. Albert-Derk Bruin's contributions to the company underscore his commitment to excellence and operational success within the competitive framework of global logistics services.

Morten Landry
Group Chief Commercial Officer

As of the latest available information, there is no public record or notable executive at DSV A/S by the name of Morten Landry. Therefore, I cannot provide a biography for an individual with this name from the company. Please check for any updates or variations in the name that might help refine the search. If you have any other queries or need information on someone else within DSV A/S, feel free to ask.

Mr. Soren Schmidt
Chief Executive Officer of Road Division

Søren Schmidt is a prominent executive at DSV A/S, a global transport and logistics company based in Denmark. With extensive experience in logistics and supply chain management, he has played a significant role in the company's strategic initiatives and operations. Schmidt's leadership has been integral in driving innovation and efficiency within DSV, contributing to the company's reputation as a leader in the logistics sector. Under his guidance, DSV has expanded its service offerings and geographic reach, strengthening its position in the global market. His expertise and commitment have been crucial in navigating the complex dynamics of international logistics and transportation.

Mr. Michael Marlow
President of DSV Solutions North America

Michael Marlow serves as the Executive Vice President of Air & Sea for the Americas region at DSV A/S, a global transport and logistics company. He is responsible for overseeing and expanding the company's operations related to air and sea freight services across the Americas. Marlow brings extensive experience and leadership in logistics and supply chain management, focusing on enhancing service efficiency, improving operational performance, and driving sustainable growth within DSV. Through his stewardship, the company aims to optimize its logistics solutions, ensuring customer satisfaction and expanding its market presence in the region. His role is pivotal in aligning the Americas' operations with DSV's global strategies and objectives.

Contacts

Address
Hedehusene
Hovedgaden 630
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