DSV announces marginal revenue increase in Q1 2012
DSV has announced revenues of DKK10,819m in the first quarter of 2012, a marginal increase compared to DKK10,793m in the same period of 2011.
Gross profit reached DKK2,435m, a year-on-year increase of 2.7%, resulting in a margin of 22.5% (22.0% in Q1 2011). The company stated that its profits were affected by special items of DKK251m relating to its restructuring plan announced in 2011.
The company’s Air & Sea division announced revenue declines of 5% to DKK4,414m compared to DKK4,665m in the first quarter of 2011. However, the division’s EBITA increased from DKK291m to DKK298m. The company attributed the revenue decline to reduced volumes and lower average freight rates of shipping companies and airlines. The positive EBITA performance was attributed to growth in the US and Asia, whereas weak growth and reduced imports had an adverse effect on European activities.
The performance of DSV’s Road division offset the revenue declines experienced by its Air & Sea division. The Road division increased its revenues by 3.4% year-on-year to DKK5,785m. EBITA also increased from DKK179m to DKK220m. Increased road freight volumes of approximately 3% resulted in organic growth for the division. The company attributed its increased EBITA figure to its continued focus on business process optimisation within the division.
DSV Solutions announced a marginal revenue increase from DKK1,248m in the first quarter of 2011 to DKK1,285m in the first quarter of 2012. However, the division’s EBITA declined 20% to DKK55m. The company attributed the decline to reduced gross profit.
Quelle: eyefortransport
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