Stock Analysis
DSV First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
DSV (CPH:DSV) First Quarter 2024 Results
Key Financial Results
- Revenue: kr.38.3b (down 6.4% from 1Q 2023).
- Net income: kr.2.38b (down 27% from 1Q 2023).
- Profit margin: 6.2% (down from 8.0% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: kr.11.40 (down from kr.15.10 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
DSV Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 8.7%.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Logistics industry in Europe.
Performance of the market in Denmark.
The company's shares are down 6.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on DSV's balance sheet health.
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About CPSE:DSV
DSV
DSV A/S offers transport and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific.
Flawless balance sheet and good value.