DSV Annual Report 2022
8
DSV Annual Report 2022 Introduction
Five-year overview
= III
Financials
2022
2021
2020
2019
2018*
Ratios
2022
2021
2020
2019
2018*
Results (DKKm)
Revenue
Gross profit
Operating profit before amortisation and
depreciation (EBITDA) before special items
Operating profit (EBIT) before special items
Special items, costs
Net financial expenses
Profit for the year
Adjusted earnings
Cash flow (DKKm)
Operating activities
Financial ratios (%)
235,665 182,306 115,932
52,149 37,615 28,534
94,701 79,053
23,754 17,489
Gross margin
22.1
20.6
24.6
25.1
22.1
Operating margin
10.7
8.9
8.2
7.0
6.9
Conversion ratio
48.3
43.1
33.4
28.0
31.2
30,275 20,417 13,559
25,204 16,223 9,520
1,117
866
17,671
10,292
6,212
Effective tax rate
23.9
24.5
24.3
25.8
23.3
6,654
5,450
ROIC before tax
25.1
19.6
14.3
13.4
26.7
478
2,164
800
Return on equity
24.1
18.4
8.8
11.6
27.2
841
1,729
858
249
Solvency ratio
45.0
45.9
49.2
50.7
37.5
11,254
4,258
3,706
3,988
Gearing ratio
1.0
1.4
1.3
1.8
0.9
18,765 11,847
6,146
4,456
4,093
Share ratios
Earnings per share of DKK 1
77.3
49.3
18.7
18.7
22.0
26,846
12,202
10,276
6,879
4,301
Diluted adjusted earnings per share of DKK 1
81.4
50.9
26.5
22.1
22.1
Investing activities
(966)
420
(556) 1,371
(444)
Number of shares issued ('000)
219,000
Free cash flow
25,880
12,622
9,720
8,250
3,857
Adjusted free cash flow
22,810
8,659
8,746
3,678
3,916
Share price at year-end (DKK)
Share buyback
20,313
17,841
5,031
4,888
4,161
Proposed dividend per share (DKK)
240,000
1,096.5 1,527.5 1,020.0
6.50
5.50
230,000
235,000
188,000
767.8
429.2
4.00
2.50
2.25
Dividends distributed
1,320
Cash flow for the year
1,635
920
3,942
588
423
380
ESG data
2022
2021
2020
2019
2018
2,721
766
(143)
Financial position (DKKm)
CO₂e (g/tonne-km) - Air transport
694.4
**707.4
704.0
718.2
728.0
DSV A/S shareholders' share of equity
71,519
Non-controlling interests
222
Balance sheet total
159,045
Net working capital
Net interest-bearing debt (NIBD)
Invested capital
Gross investment in property, plant and equipment
74,103 47,385
175
(88)
161,395 96,250
5,116 8,031 2,701
29,870 29,245 18,189
99,540 101,231 64,285
1,514 1,180 1,121
49,430
14,561
CO₂e (g/tonne-km) - Sea transport
6.6
**6.5
6.2
6.4
7.0
(111)
97,557
3,125
18,355
68,595
1,000
(29)
CO₂e (g/tonne-km) - Road transport
97.5
**98.7
92.8
93.2
96.5
38,812
Lost Time Injury Frequency Rate
2.8
4.5
6.7
5.0
4.6
1,767
5,831
20,381
Lost workdays due to lost time injury
52.0
61.0
78.8
97.5
98.0
Gender diversity (%) (female/male)
39/61
720
Employee turnover ratio (adjusted for synergies)
Employees (FTE)
22.1
38/62
21.9
76,283
77,958
38/62
20.5
21.1
56,621 61,216
39/61
38/62
20.1
47,394
*
The implementation of IFRS 16 Leases as of 1 January 2019 had a material impact on the financial statements and key
ratios for 2019 onwards. Comparative figures for 2018 have not been restated.
For a definition of financial key figures and ratios, please refer to page 83.
For definition of ESG data, please refer to Sustainability Report.
**
Comparative figures have been restated, as our method for calculation and data transparency has improved.View entire presentation