DSV Q3 2023 Financial Performance and NEOM Joint Venture Update

Sea freight Q3 2023 Volume decline gradually eased in Q3-23 however this was mainly due to easier comparisons from last year. No real peak season in Q3-23. Yields were declining but are still at strong absolute level. Our focus remains on securing profitable growth. Gross profit (DKKm) YoY change: (23%)* FX impact: (5%) Volume & yields Yield YoY change: (20%)* FX impact: (5%) 6,379 5,610 5,133 4,954 4,774 4,342 3,214 3,300 3,180 3,121 681 626 642 654 588 Volume development 7% 11% (12%) (7%) (4%) (8%) YoY (incl. M&A) Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 YTD-23 *) Growth rates are in constant currencies. DSV TEUs, '000 Gross profit/TEU, DKK 6

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