DSV Q3 2023 Financial Performance and NEOM Joint Venture Update
Joint venture with NEOM
– expected financial
-
•
impact for DSV
.
•
•
•
The business plan is expected to require a USD 10 billion
gross investment in the JV.
Total shareholder funding commitment until 31 December
2031 is USD 5 billion. DSV's share of this is USD 2.45
billion.
• DSV's return on invested capital (ROIC) is expected to be
in line with the existing target of 20% pre-tax.
No material financial impact on DSV is expected for 2023.
The JV will gradually ramp up over the next years to match
the activity in NEOM.
In line with IFRS, the JV will not be consolidated in DSV's
financial reporting. DSV's share of the profit/loss will be
presented in a single line item in the income statement.
DSV's investment in the JV will be measured using the
equity method and presented in the balance sheet.
14View entire presentation