DSV AS

DSV: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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DSV Earnings: Organic Operating Profit Declines Offset Strong Start to Integration

Ben Slupecki

Jul 31, 2025

The integration of DB Schenker is off to a strong start, with annual synergies of DKK 9.0 billion still expected to be achieved by the end of 2028. However, organic EBIT declines pushed shares lower in early trading.

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DSV AS

DSV Earnings: Organic Operating Profit Declines Offset Strong Start to Integration

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