DSV Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St

October 25, 2024

DSV (CPH:DSV) Third Quarter 2024 Results

Key Financial Results

Revenue: kr.44.1b (up 24% from 3Q 2023).
Net income: kr.2.82b (up 1.6% from 3Q 2023).
Profit margin: 6.4% (down from 7.8% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: kr.13.60 (up from kr.13.10 in 3Q 2023).

earnings-and-revenue-growth — CPSE:DSV Earnings and Revenue Growth October 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

DSV Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Logistics industry in Europe.

Performance of the market in Denmark.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on DSV's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.