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DSV Panalpina A/S

DSV.CO

Latest Trade

734.80DKK

Change

6.20(+0.85%)

Volume

401,413

Today's Range

730.20

 - 

741.40

52 Week Range

424.00

 - 

753.40

As of on the Copenhagen Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

DSV Q3 Adjusted EBIT At DKK 1.79 Billion

Nov 1 (Reuters) - Dsv <DSV.CO>::REG-DSV, 799 - INTERIM FINANCIAL REPORT Q3 2019.Q3 REVENUE DKK 24.52 BILLION (REFINITIV POLL DKK 24.04 BILLION).Q3 ADJUSTED EBIT DKK 1.79 BILLION (REFINITIV POLL DKK 1.77 BILLION).Q3 NET PROFIT DKK 1.15 BILLION (REFINITIV POLL DKK 1.10 BILLION).EXPECTATIONS FOR FULL-YEAR EBIT BEFORE SPECIAL ITEMS FOR 2019 ARE AT DKK 6,600 MILLION INCLUDING AMORTISATION OF CUSTOMER RELATIONSHIPS OF APPROXIMATELY DKK 100 MILLION, OF WHICH DKK 80 MILLION ARE RELATED TO PANALPINA.TRANSACTION AND INTEGRATION COSTS (REPORTED AS SPECIAL ITEMS) FOR 2019 ARE EXPECTED TO AMOUNT TO APPROXIMATELY 30% OF TOTAL EXPECTED RESTRUCTURING COSTS OF DKK 2,300 MILLION.WHEN PANALPINA IS FULLY INTEGRATED WE EXPECT TO ACHIEVE ANNUAL COST SYNERGIES OF AROUND DKK 2,300 MILLION (PREVIOUSLY ANNOUNCED DKK 2,200 MILLION).AROUND 5% OF COST SYNERGIES ARE EXPECTED TO IMPACT INCOME STATEMENT IN 2019, AROUND 60% IN 2020 AND REMAINING 35% IN 2021..TOTAL TRANSACTION AND INTEGRATION COSTS ARE EXPECTED IN LEVEL OF DKK 2,300 MILLION.WE EXPECT THAT APPROXIMATELY 30% OF TRANSACTION AND INTEGRATION COSTS WILL MATERIALISE IN 2019, 55% IN 2020 AND 15% IN 2021.WE ARE PLEASED TO REPORT STRONG RESULTS FOR Q3, DESPITE CHALLENGING MARKET CONDITIONS, ESPECIALLY IN AIR FREIGHT MARKET.

DSV Announces Plans For Panalpina Headquarters

Oct 16 (Reuters) - Dsv <DSV.CO>::SAID ON MONDAY THE DSV PANALPINA GROUP HAS INFORMED EMPLOYEES AT THE FORMER PANALPINA HEADQUARTERS IN BASEL ABOUT ITS PLANS FOR THE LOCATION.AS PART OF THE INTEGRATION, OVERLAPPING CORPORATE FUNCTIONS AND POSITIONS WILL EITHER BE CUT OR RELOCATED TO THE HEADQUARTERS IN DENMARK, WHICH COULD RESULT IN UP TO 165 JOB LOSSES.

DSV: Appetite For Growth Through M&A To Remain

Oct 7 (Reuters) - DSV <DSV.CO>::PANALPINA'S WELL-ESTABLISHED APPETITE FOR GROWTH THROUGH M&A WILL REMAIN.CHAIRMAN ADDS THAT FOR THE NEXT 12-18 MONTHS; THE ROLE OF THE BOARD IS FIRST AND FOREMOST TO ENSURE THAT THE EXECUTIVE MANAGEMENT CAN FOCUS 100% ON THE INTEGRATION OF PANALPINA.CHAIRMAN OF DSV PANALPINA SAYS "ONCE WE'RE 12-18 MONTHS INTO THE INTEGRATION OF PANALPINA, AND WE CAN AFFIRM WE’RE ON TRACK, THEN I THINK WE’LL START TO TALK ABOUT THE POSSIBILITY OF BOOSTING ORGANIC GROWTH THROUGH ANOTHER M&A".CHAIRMAN OF DSV PANALPINA CONFIRMS THAT FOR DSV PANALPINA, LARGER RATHER THAN SMALLER ACQUISITIONS WILL BE TARGETED AND THAT ADDITIONS WITHIN ROAD ARE LIKELY TO BE ON THE RADAR NEXT.

DSV Appoints Thomas Plenborg Chairman Of The Board

Sept 24 (Reuters) - DSV A/S <DSV.CO>::REG-DSV, 791 - NEW CHAIRMAN OF THE BOARD OF DIRECTORS.BOARD OF DIRECTORS ELECTED THOMAS PLENBORG AS CHAIRMAN OF BOARD.JORGEN MOLLER HAS BEEN ELECTED AS NEW DEPUTY CHAIRMAN.

Panalpina: Changes To Executive Board

Aug 23 (Reuters) - PANALPINA WELTTRANSPORT HOLDING AG <PWTN.S>::CHANGES TO PANALPINA EXECUTIVE BOARD.CCO KARL WEYENETH, CLO AND CORPORATE SECRETARY CHRISTOPH HESS, CIO RALF MORAWIETZ, EVP AIR FREIGHT LUCAS KUEHNER, EVP OCEAN FREIGHT PEDER WINTHER, RESIGN FROM RESPECTIVE POSITIONS.RESOLVED TO DOWNSIZE EXECUTIVE BOARD.TO ELIMINATE POSITIONS OF CCO, CLO, CIO, EXECUTIVE VICE PRESIDENT, AIR FREIGHT AND EXECUTIVE VICE PRESIDENT, OCEAN FREIGHT.ERNST GÖHNER FOUNDATION NOMINATES HESS TO SERVE AS AN OBSERVER TO DSV PANALPINA A/S BOARD OF DIRECTORS.

DSV Completes Acquisition Of Panalpina

Aug 19 (Reuters) - Dsv <DSV.CO>::DSV A/S - DSV, 778 - DSV COMPLETES ACQUISITION OF PANALPINA.DSV A/S (DSV) EXPECTS TO SETTLE PREVIOUSLY ANNOUNCED PUBLIC EXCHANGE OFFER FOR ALL PUBLICLY HELD SHARES OF PANALPINA WELTTRANSPORT (HOLDING) AG (PANALPINA).SETTLEMENT WILL BE CARRIED OUT DURING COURSE OF TODAY IN ACCORDANCE WITH SWISS MARKET PRACTICES. PLEASE REFER TO ANNOUNCEMENT NO. 741 OF 1 APRIL 2019.PENDING APPROVAL AT AN EXTRAORDINARY GENERAL MEETING, DSV A/S WILL CHANGE ITS REGISTERED NAME TO 'DSV PANALPINA A/S'.PURSUANT TO PUBLIC EXCHANGE OFFER, PANALPINA SHAREHOLDERS TODAY RECEIVE 2.375 DSV SHARES (WITH A NOMINAL VALUE OF DKK 1 PER SHARE) FOR EACH PANALPINA SHARE.AFTER SETTLEMENT, DSV INTENDS TO HAVE PANALPINA SUBMIT AN APPLICATION FOR DELISTING OF PANALPINA SHARES AND DSV WILL INITIATE A COURT PROCEDURE TO CANCEL REMAINING 1.54% PANALPINA SHARES IN ACCORDANCE WITH ARTICLE 137 FMIA.DSV FURTHER INTENDS TO HAVE PANALPINA FILE A CUSTOMARY REQUEST TO BE RELEASED FROM SIX EXCHANGE REGULATION'S PUBLICITY REQUIREMENTS.ANNOUNCED BOARD CHANGES IN PANALPINA WILL COME INTO EFFECT WITH KURT KOKHAUGE LARSEN AS CHAIRMAN AND JENS BJØRN ANDERSEN, JENS H. LUND AND THOMAS STIG PLENBORG AS MEMBERS OF PANALPINA BOARD AND GIVING DSV FULL CONTROL OVER PANALPINA.DSV INTENDS TO HAVE PANALPINA APPOINT JENS BJØRN ANDERSEN AND JENS H. LUND AS CEO AND CFO, RESPECTIVELY, OF PANALPINA.

Panalpina: DSV Releases Provisional Notice Of Final Result Of Public Exchange Offer

Aug 8 (Reuters) - PANALPINA WELTTRANSPORT HOLDING AG <PWTN.S>::DSV A/S RELEASES PROVISIONAL NOTICE OF FINAL RESULT OF PUBLIC EXCHANGE OFFER FOR PANALPINA SHARES.A TOTAL OF 23,270,295 PANALPINA SHARES HAVE BEEN TENDERED INTO OFFER.SHARES TENDERED CORRESPOND TO 97.98% OF ALL 23,750,000 PANALPINA SHARES LISTED AS OF AUGUST 7, 2019.

Panalpina Says DSV Expects Settlement Of Public Exchange Offer On Or Around Aug 19

July 31 (Reuters) - Panalpina Welttransport Holding AG <PWTN.S>::DSV A/S EXPECTS SETTLEMENT OF PUBLIC EXCHANGE OFFER FOR PANALPINA SHARES ON OR AROUND AUGUST 19, 2019.

Freight forwarder DSV feels impact of slowdown in auto industry -CFO

July 31 (Reuters) - DSV A/S <DSV.CO> CFO JENS LUND SAID IN AN INTERVIEW WITH REUTERS::HE SEES SOFTENING IN AIR FREIGHT VOLUMES AS INDICATION THAT CUSTOMERS HAVE BECOME MORE CAREFUL IN LIGHT OF TRADE WAR.THERE HAS BEEN A SLOWDOWN IN FREIGHT VOLUMES FOR AUTOMOTIVE INDUSTRY; HAS LARGE EXPOSURE TO U.S. AUTO PRODUCERS.THERE HAS BEEN GOOD GROWTH IN EXPORT VOLUMES FROM U.S. TO EUROPE AND ASIA.EUROPEAN EXPORT VOLUMES TO CHINA AND OTHER ASIAN COUNTRIES HAVE GROWN, WHILE CHINESE EXPORTS HAVE SLOWED DOWN.

DSV Q2 Adjusted EBIT Slightly Above Expectations At DKK 1.63 Bln

July 31 (Reuters) - Dsv <DSV.CO>::REG-DSV, 767 - INTERIM FINANCIAL REPORT H1 2019.Q2 REVENUE DKK 20.1 BILLION (REFINITIV POLL DKK 20.54 BILLION).Q2 NET PROFIT DKK 1.15 BILLION (REFINITIV POLL DKK 1.13 BILLION).Q2 ADJUSTED EBIT DKK 1.63 BILLION (REFINITIV POLL DKK 1.59 BILLION).EXPECT TO PUBLISH A NEW FINANCIAL OUTLOOK ONCE COMBINATION WITH PANALPINA HAS BEEN COMPLETED.GLOBAL TRANSPORT MARKETS ARE SOFT - ESPECIALLY WITHIN AIR FREIGHT, BUT DSV HAS MANAGED TO OUTGROW MARKET WHILE STILL DELIVERING MARKET LEADING PROFITABILITY.EXPECT THAT PANALPINA TRANSACTION WILL CLOSE IN Q3.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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