DSV Financial Performance

Air & Sea (DKKm) Q4 2022 Q4 2021 Growth* FY 2022 FY 2021 Growth* Gross profit Air 4,063 4,063 (3.8%) 18,603 13,051 35.6% Gross profit Sea 3,214 3,462 (10.4%) 16,021 10,718 41.9% Total gross profit 7,277 7,525 (6.9%) 34,624 23,769 38.5% • EBIT 3,816 4,011 (8.6%) 20,658 12,768 53.0% • Conversion ratio *) Growth rates are in constant currencies and including M&A. Operating margin 13.0% 64.4% 12.0% 60.5% 59.7% 11.4% 10.6% 53.3% 52.4% 8.7% Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 • Management commentary • Strong 2022 results in extraordinary markets. Growth across all regions and a positive impact from the addition of GIL. Q4-22 was impacted by lower volumes and gradual market normalisation. We expect this trend will continue in the first part of 2023 and are taking relevant steps to adjust our cost base. With our strong network and high service levels our target of gaining market shares remains intact. 5

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