DSV Financial Performance
Solutions
(DKKm)
Revenue
Q4 2022
Q4 2021
Growth*
FY 2022
FY 2021
Growth*
6,224
6,389
(4.9%)
24,409
18,734
26.2%
•
Gross profit
2,347
2,211
2.8%
9,318
6,653
35.3%
EBIT
Gross margin
546
748
(29.7%)
Conversion ratio
2,701
1,775
47.4%
•
*) Growth rates are in constant currencies and including M&A.
39.8%
33.8% 34.0%
37.7% 37.6%
37.7%
32.4%
34.6%
26.4%
23.3%
•
Operating margin
12.8%
12.2%
11.7%
10.5%
8.8%
Q4-21 Q1-22 Q2-22 Q3-22 Q4-22
Q4-21 Q1-22 Q2-22 Q3-22 Q4-22
Q4-21
Q1-22 Q2-22 Q3-22 Q4-22
•
Management commentary
Solid financial performance and growth
across all regions in 2022. Positive
impact from the addition of GIL.
In 2022 the division continued to benefit
from the multi-client campus strategy and
consolidation of IT systems.
Continued high warehouse utilisation in
Q4-22 but slowdown in activity levels -
mainly in retail and e-commerce sector.
Increasing impact from cost inflation
towards the end of 2022. Furthermore,
Q4-22 was impacted by certain one-off
costs.
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