DSV Q3 2023 Financial Performance and NEOM Joint Venture Update

Highlights Q3 2023 Solid financial performance in soft markets - we do not foresee a real recovery in global freight volumes this year. 2023 EBIT guidance narrowed to DKK 17.5-18.5 billion (previously DKK 17.0-18.5 billion). Strong cash conversion and new share buyback programme initiated. Agreement on JV with NEOM - a significant growth opportunity for DSV. Changes to executive management announced – no changes to DSV's operations or strategy. Gross profit (DKKm) (17.0%)* (15.1%)* EBIT before special items (DKKm) (28.2%)* (30.6%)* 13,538 40,493 6,506 20,455 10,649 33,371 4,396 13,773 Q3-22 Q3-23 9M-22 9M-23 Q3-22 Q3-23 9M-22 9M-23 *) Growth rates are in constant currencies. 3

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