DSV Annual Report 2022
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DSV Annual Report 2022
Corporate governance and shareholder information
Shareholder information
= III
Share price performance in 2022
At year-end, the closing price for DSV shares on Nasdaq
Copenhagen was DKK 1,096.5 - down 28.2% since year-
end 2021. During the same period, the Danish C25 Index
decreased by 13.5%.
The average daily trading volume of DSV shares on Nasdaq
Copenhagen was 383,288 shares in 2022 (0.2% of shares issued).
At year-end, DSV's market capitalisation (excluding treasury
shares) was DKK 238 billion against DKK 358 billion at the
end of 2021.
Ownership
There is no complete record of all shareholders. Based on the
available information as of 31 December 2022, DSV had
92,179 registered shareholders. The registered shares totalled
211 million, corresponding to 96.2% of the share capital. The
25 largest shareholders owned 60.9% of the free-floating
share capital.
DSV has no majority shareholders.
Shareholders owning more than 5% of the share capital in
DSV A/S according to latest shareholding notifications are:
Ernst Göhner Stiftung, Switzerland (9.7%)
Agility Public Warehousing Company K.S.C.P, Kuwait (8.0%)
BlackRock, Inc., USA (7.8%)
Capital Group Companies, Inc., USA (5.1%)
Share buyback and treasury shares
DSV share price (DKK)
■ DSV
C25 rebased 31-12-2018
In 2022, DSV acquired 18.6 million treasury shares at a total
purchase price of DKK 20,313 million (average purchase price
DKK 1,092.8 per share).
1,800
1,600
During 2022, 21 million treasury shares were cancelled in
connection with reduction of the registered share capital.
1,400
1,200
On 31 December 2022, DSV held 2.1 million shares as treasury
shares, corresponding to 1.0% of the share capital.
1,000
800
On 1 February 2023, our portfolio of treasury shares amounted
to 3.1 million shares.
600
400
Throughout 2022, we have engaged in five share buy-
back programmes. The purpose of these was to accommo-
date the exercise of share options under incentive schemes
and to adjust the capital structure in accordance with the
financial targets.
The shares were acquired under the authorisation of the Annual
General Meeting. One programme was carried out outside
the Safe Harbour principles, while the remaining programmes
were executed under the Safe Harbour principles.
Dividends
The Board of Directors proposes an ordinary dividend of DKK
6.5 per share for 2022 (2021: DKK 5.5).
200
0
31/12 2018
31/12 2019
31/12 2020
31/12 2021
31/12 2022
Shares issued ('000)
Number of shares issued
Average number of shares issued
during the past 12 months
Average diluted number of shares
during the past 12 months
2018
2019
2020
2021
2022
188,000 235,000 230,000 240,000 219,000
182,092
198,273 227,246 227,501 235,438
185,287 201,405 231,576 232,639 230,467View entire presentation