By Louise Rasmussen<\/p>\n
COPENHAGEN (Reuters) -Danish freight group DSV posted stronger than expected third-quarter earnings on Thursday, saying it could continue to cut costs amid rising tariff barriers and turmoil in global commerce, sending its shares up 7.6% in early trade.<\/p>\n
The world’s largest logistics group said the integration of German rival DB Schenker, bought last year in a $16-billion transaction, was progressing faster than expected, boosting profits.<\/p>\n
“Despite tough market conditions and lower volumes in some sectors, our commercial approach is driving increased activity among our largest customers,” CEO Jens Lund said in a statement.<\/p>\n
DSV posted a third-quarter operating profit before special items of 5.43 billion Danish crowns ($848.05 million), slightly beating the 5.33 billion expected by 17 analysts in a company-provided poll.<\/p>\n
“We will continue to monitor activity levels across the organisation and will adjust capacity and our cost base as necessary,” the company said.<\/p>\n
DSV’s shares rose to an eight-week high, trading up 5.1% by 1002 GMT, but are down 9% year-to-date, pressured by falling freight rates and a raft of tariffs imposed by U.S. President Donald Trump since his return to the White House in January.<\/p>\n
“DSV is clearly affected by negative external factors, but where DSV itself is in control, it delivers the goods,” Danish stock brokers Sydbank told clients in a note.<\/p>\n
DSV said it now expects about 30% of the Schenker integration to be completed by the end of 2025, twice its previous estimate.<\/p>\n
The company now expects an operating profit before special items for 2025 of between 19.5 billion and 20.5 billion Danish crowns ($3.05 billion and $3.20 billion), the lower and of its previous range of 19.5 billion to 21.5 billion crowns.<\/p>\n
The new forecast was slightly stronger than analysts had anticipated, Sydbank said.<\/p>\n
($1=6.4029 Danish crowns)<\/p>\n
(Reporting by Louise Breusch Rasmussen; Editing by Terje Solsvik, Tomasz Janowski and Clarence Fernandez)<\/p>\n","protected":false},"excerpt":{"rendered":"By Louise Rasmussen COPENHAGEN (Reuters) -Danish freight group DSV posted stronger than expected third-quarter earnings on Thursday, saying…\n","protected":false},"author":2,"featured_media":4559,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[273],"tags":[4426,4422,4423,282,586,4425,3019,4165,4424,4421],"class_list":{"0":"post-4558","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dsv","8":"tag-commercial-approach","9":"tag-cost-cuts","10":"tag-db-schenker-integration","11":"tag-dsv","12":"tag-freight-rates","13":"tag-logistics-group","14":"tag-market-conditions","15":"tag-operating-profit","16":"tag-tariff-barriers","17":"tag-third-quarter-earnings"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/4558","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=4558"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/4558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/4559"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=4558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=4558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=4558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}