DSV Financial Performance
P&L details - Air & Sea
Air & Sea (DKKm)
Divisional revenue
Direct costs
Gross profit
Other external expenses
Staff costs
FY 2018
FY 2019
FY 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
FY 2021
Q1 2022
Q2 2022
Q3 2022
Q4 2022
FY 2022
36,972
51,151
73,689
22,924
25,948
36,861
46,168
131,901
45,887
47,282
45,339
35,923
174,431
27,779
38,634
56,780
18,136
20,806
30,547
38,643
108,132
37,250
37,707
36,204
28,646 139,807
9,193
12,517
16,909
4,788
5,142
6,314
7,525
23,769
8,637
9,575
9,135
7,277
34,624
1,854
2,267
2,870
753
663
814
1,136
3,366
1,076
1,028
1,097
1,043
4,244
3,560
5,093
6,048
1,445
1,435
1,698
2,020
6,598
2,033
2,082
2,276
2,080
8,471
3,779
5,157
7,991
2,590
3,044
3,802
4,369
13,805
5,528
6,465
5,762
4,154
21,909
EBITDA before special items
Depreciation of right-of-use assets
484
679
136
144
189
239
708
220
216
217
249
902
Amortisation and depreciation of owned assets
86
167
286
61
57
92
119
329
84
86
90
89
349
EBIT before special items
3,693
4,506
7,026
2,393
2,843
3,521
4,011
12,768
5,224
6,163
5,455
3,816
20,658
Gross margin, %
Operating margin, %
Conversion ratio, %
24.9
24.5
22.9
20.9
19.8
17.1
16.3
18.0
18.8
20.3
20.1
20.3
19.8
10.0
8.8
9.5
10.4
11.0
9.6
8.7
9.7
11.4
13.0
12.0
10.6
11.8
40.2
36.0
41.6
50.0
55.3
55.8
53.3
53.7
60.5
64.4
59.7
52.4
59.7
Number of full-time employees (end of period)
12,130
21,516
18,008
17,999
18,067
25,742
24,675
24,675
23,700
23,292
23,225
23,032
23,032
Air & Sea split and volume
Air
Revenue, DKKm
Gross profit DKKm
Airfreight, ton
GP/ton, DKK
18,892
4,627
689,045
6,715
27,134
6,594
1,071,266
6,155
44,756
12,975
14,197
10,275
1,272,405
8,075
2,762
336,307
8,213
2,897
349,210
8,296
18,399
3,329
386,702
8,609
25,275
4,063
438,614
9,263
70,846 24,207
13,051
4,695
1,510,833 410,911
8,638 11,426
25,032
5,052
402,594
12,549
22,499
4,793
375,990
12,748
18,853
90,591
4,063
18,603
368,477 1,557,972
11,026
11,941
Sea
Revenue, DKKm
Gross profit DKKm
18,080
4,566
24,017
5,923
28,933
6,634
9,949
2,026
11,751
2,245
Sea freight, TEU
1,442,348
GP/TEU, DKK
3,166
1,907,126
3,106
2,204,902
3,009
581,019
3,487
573,385
3,915
18,462
2,985
633,690
4,711
20,893
3,462
705,857
4,905
61,055
10,718
2,493,951
4,298
21,680
3,942
667,653
5,904
22,250
4,523
690,621
22,840
17,070
83,840
4,342
680,683
3,214
16,021
626,190
2,665,147
6,549
6,379
5,133
6,011View entire presentation