By Louise Rasmussen<\/p>\n
COPENHAGEN (Reuters) -Danish freight company DSV on Thursday posted third-quarter profits slightly above forecasts but trimmed its full-year outlook, citing a significant foreign exchange rate impact and softer demand amid persistent market uncertainty.<\/p>\n
European shipping and logistics firms have come under pressure due to falling freight rates and weaker demand, since U.S. President Donald Trump imposed a raft of new tariffs on trade partners earlier this year.<\/p>\n
DSV said it now expected operating profit before special items for 2025 of between 19.5 billion and 20.5 billion Danish crowns ($3.05 billion-$3.20 billion), down from a previous range of 19.5 billion to 21.5 billion crowns.<\/p>\n
“Demand is softer, currently the market is a bit more challenging,” Chief Financial Officer Michael Ebbe told Reuters.<\/p>\n
“But primarily it’s also that we have some foreign exchange rate impact, which is a headwind that we have, a significant headwind,” he said.<\/p>\n
DSV said in a statement it would continue to monitor activity levels across its organisation and that it would adjust capacity and its cost base as necessary.<\/p>\n
The world’s largest logistics firm posted a third-quarter operating profit before special items of 5.43 billion Danish crowns, slightly above the 5.33 billion crowns expected by 17 analysts in a company-provided poll.<\/p>\n
($1 = 6.4029 Danish crowns)<\/p>\n
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik and Tomasz Janowski)<\/p>\n","protected":false},"excerpt":{"rendered":"By Louise Rasmussen COPENHAGEN (Reuters) -Danish freight company DSV on Thursday posted third-quarter profits slightly above forecasts but…\n","protected":false},"author":2,"featured_media":2983,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[273],"tags":[583,282,3255,586,58],"class_list":{"0":"post-2982","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dsv","8":"tag-danish-crowns","9":"tag-dsv","10":"tag-freight-company","11":"tag-freight-rates","12":"tag-president-donald-trump"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/2982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=2982"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/2982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/2983"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=2982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=2982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=2982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}