Company Announcement No. 1150
Solid financial results in Q4 and full-year 2024 driven by strong organic volume growth
The DSV Group improved its performance in Q4 2024 and reported solid full-year results for 2024 driven by continued organic above-market growth.While gross profit decreased by 1.2% compared to 2023 and EBIT before special items by 8.4% in constant currencies, earnings growth returned in the second half of 2024, despite the Road division being impacted by a weaker market in Q4 2024.Adjusted free cash flow came to DKK 5,550 million for the year, impacted by increased net working capital, which was driven by higher activity levels and freight rates combined with temporary capital tied up in projects under development.Diluted adjusted earnings per share was DKK 51.6 per share for 2024 compared to 58.7 in the previous year.Full-year 2025 guidance for EBIT before special items of DKK 15,500-17,500 million, excluding impact from the announced acquisition of Schenker.
Group CEO Jens H. Lund: “We delivered solid financial results for 2024, in line with our expectations, and returned to earnings growth in the second half of the year. We successfully executed on our strategy and grew our volumes ahead of the market, driven by our commercial initiatives and supporting our customers overcome supply chain challenges.
With the announced acquisition of Schenker, we are reinforcing our platform for future growth. We also progressed on the sustainability agenda and are on track to reach our decarbonisation targets as well as supporting our customers in their ambitions to reduce their carbon footprint.
I would like to thank our customers, suppliers and, most of all, my dedicated DSV colleagues for their hard work and support. I am very much looking forward to continuing the journey together with the employees from Schenker. Together, we will create a leading player within global
