- DSV’s Q2 2024 adjusted net income matched estimates at DKK 2.79 billion.
- EBIT before significant items was slightly above estimates at DKK 4.10 billion (estimate: DKK 4.07 billion).
- Revenue exceeded expectations, reported at DKK 41.16 billion (estimate: DKK 39.23 billion).
- Gross profit also surpassed projections at DKK 10.84 billion (estimate: DKK 10.55 billion).
- One-off costs for 2024 are anticipated to be around DKK 650 million.
- DSV has narrowed its full-year guidance to DKK 15,500-17,000 million.
- A new share buyback program of DKK 1,500 million has been launched.
- DSV continues to gain market share across all three divisions, bolstered by a strong commercial platform.
- Group CEO Jens H. Lund highlighted strong financial performance in Q2 2024, driven by positive volume growth and stable gross profit per unit in the Air & Sea division.
- Analyst recommendations include 19 buys, 4 holds, and 0 sells.
A look at DSV A/S Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
DSV A/S, the parent company for a group of transport and logistics companies, is showing a promising long-term outlook according to Smartkarma Smart Scores. With a strong growth score of 4 and solid momentum score of 4, the company appears well-positioned for expansion and continued success. These scores indicate positive trends in the company’s future development.
While the value and dividend scores are moderate at 3 and 2 respectively, DSV A/S demonstrates resilience in the face of challenges with a score of 3. This suggests that the company has the capability to navigate uncertain economic conditions successfully. Overall, DSV A/S presents a favorable outlook for long-term investors, especially considering its robust growth and momentum scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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