DSV expands ahead of major merger

DSV’s Q3 financials show growth with revenues of 44 billion DKK, up by more than 8 billion from last year, while profit remained at 2.8 billion DKK. The impending acquisition of DB Schenker for 107 billion DKK awaits regulatory approval. This deal could make DSV the world’s largest forwarding company by Q2 of the new year. Company disruptions in the Middle East haven’t dampened DSV’s profits, as these have increased demand and prices for freight capacity. Air and sea transport incomes, which form two-thirds of DSV’s revenue, rose by 32%. The company’s recent share expansion was intended to raise funds for the Schenker purchase, leading to a 29% increase in stock value since the start of the year, making DSV the second-most valuable company on the Danish stock market after Novo Nordisk.