“2015 was a good year for DSV. We gained market share across all business segments and delivered earnings and cash flow in line with the forecast. The Air & Sea Division was the main contributor to the growth in earnings, but the Road Division also delivered a good comeback. 2015 was also the year in which we executed on our strategy to grow through acquisitions. In January 2016, we obtained the final approval of the acquisition of UTi Worldwide Inc. We now have a major project ahead of us – the merger of two global logistics providers and lifting the UTi earnings to DSV levels,” says Jens Bjørn Andersen, CEO.
Outlook for 2016
- Operating profit before special items is expected to be in the range of DKK 3,100-3,500 million
- Net financial expenses are expected to approximate DKK 450 million
- The effective tax rate of the Group is expected to be close to 25%
Due to the UTi acquisition, no guidance is provided in regards to gross profit and free cash flow for 2016.