DSV reported its results for Q1 2019, with top-line growth across all divisions and a 15% underlying growth in EBIT.
Jens Bjørn Andersen, Group CEO comments: ”We delivered strong results in Q1 2019, with healthy top-line growth across all divisions and a 15% underlying growth in EBIT. As previously announced, we have entered into an agreement to join forces with Panalpina and we expect that this transaction will close end Q3 this year. We are very much looking forward to teaming up with Panalpina, and while preparing for the integration, we are focused on delivering good customer service and managing the day to day operations. Our Q1 report is a clear testament to this."
The financial performance for Q1 2019 fully lived up to the expectations for 2019 originally published, according to the company. However, to facilitate the listing of new shares for the Exchange Offer to the shareholders of Panalpina, DSV withdraws its outlook for 2019. They expect to publish a new financial outlook once the combination with Panalpina is completed.
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DSV
www.dsv.com