Operating profit rises at DSV

DSV increased its operating profit by two per cent to DKK1.2 billion for the first quarter of 2018, while turnover was up one per cent at DKK18.4bn.

Chief executive Jens Bjørn Andersen, said: “DSV performed well in the first quarter of 2018 and delivered growth in both freight volumes and EBIT. Based on the good start to 2018 and overall positive market trends we increase the low end of the EBIT guidance range for the full-year and launch a new three-month share buyback programme of DKK 1.1 billion.”