DSV Shares Fall on Road Unit Expectation Miss; Middle East Impact Warning

By Ian Walker

DSV shares hit an eight-month low after the Danish transportation and logistics company said its road unit's performance fell short of the board's expectations and that the events in the Middle East could impact its outlook for the year.

Shares were down 13% at 1,452 Danish kroner in mid-afternoon European trading. They are currently down 10% over the year to date.

The company said Wednesday that revenue for the second quarter was 76.69 billion Danish kroner ($11.69 billion) compared with 61.98 billion kroner for the comparable period a year earlier. Within this, road revenue--the company's second-biggest unit--was 24.47 billion kroner, a rise of 18%.

"The performance in the road division was below expectations due to operational challenges in certain markets, however recent management changes are expected to improve execution and results," Chief Executive Jens Lund said.

Adjusted operating profit for the period was 6.255 billion Danish kroner, compared with 4.725 billion kroner for the comparable period a year earlier.

A company-compiled consensus saw adjusted operating profit and revenue of 6.05 billion kroner and 73.26 billion kroner respectively.

For the year ahead, the company expects adjusted operating profit of between 23.5 billion kroner and 25.5 billion kroner, compared with previous guidance of between 23.0 billion kroner and 25.5 billion kroner.

"With our new strategy 'Leverage to Lead' and updated financial ambitions for 2030, we have set a clear direction to strengthen our market position and drive sustainable long-term growth through AI and technology, network optimization and commercial excellence," Lund said.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

July 22, 2026 10:41 ET (14:41 GMT)