Company Research Report: DSV A/S
Company Overview
Name: DSV A/S
Mission of the Company
Our mission is to be a leading global supplier, fulfilling customer needs for transport and logistics services, targeting extensive growth and being among the most profitable in our industry.
Founding Information
In 1976, in the small town of Skuldelev in Denmark, ten owner-operated hauliers joined forces and founded DSV.
Key People
- Jens H. Lund - Group CEO
- Søren Schmidt - CEO, DSV Road
- Roger Alm - President Volvo Trucks (partner context)
Headquarters
Hedehusene, Denmark
Number of Employees
Approximately 75,000
Revenue
No specific revenue information provided.
Known For
DSV A/S is known for providing and managing supply chain solutions for thousands of companies worldwide and is a global leader in transport and logistics.
Products
Product Offerings
1. Air Freight
- Description: Provides transportation and logistics solutions globally, primarily through air freight.
- Key Features:
- Flexible scheduling
- High speed and security
- Custom clearance support
2. Sea Freight
- Description: Maritime shipping solutions, including full and less than container loads.
- Key Features:
- Cost-effective for large volumes
- Reliable and flexible routing options
- Real-time tracking
3. Road Freight
- Description: Road transport services catering to local, long distance, national, or international needs.
- Key Features:
- Extensive distribution network
- 20,000 trucks in operation
- Environmentally-friendly initiatives
4. Rail Freight
- Description: Rail solutions for greener transportation options.
- Key Features:
- Reduced carbon footprint
- Consistent and reliable schedules
- Integrated with other transport services
5. Special Project Transport
- Description: Customized logistics for non-standard, out-of-gauge shipments.
- Key Features:
- Tailor-made solutions
- Expertise in handling complex logistics
- Full project management
6. Courier
- Description: Urgent delivery services.
- Key Features:
- Speedy pick-up and delivery
- Secure and reliable services
- Real-time tracking
Value-Added Services
- Customs Clearance: Simplifies customs procedures and paperwork.
- Insurance: Comprehensive insurance options for peace of mind.
- Supply Chain Security: Mitigates risks and ensures a robust supply chain.
Recent Developments
August 22, 2024
DSV and Volvo sign agreement to support decarbonization of road freight.
- Details: DSV has signed an agreement with Volvo Trucks for the purchase of 300 electric trucks. This strengthens the green transition in the transport sector. The agreement includes deployment of 300 zero-emission electric trucks and 500 Volvo trucks with fuel-efficient diesel and gas drive lines.
- Feature: Introducing Volvo FH Aero Electric with improved aerodynamics.
- Partnership: Extending partnership with Volvo, enhancing the electric truck fleet towards a target of 2,000 electric trucks by 2030.
June 24, 2024
DSV and UNICEF announce partnership to increase access to essential supplies for children worldwide.
- Details: DSV will provide UNICEF with in-kind flights for emergency deliveries and flexible funding for timely support to children in need. The partnership also focuses on strengthening supply chain workforce capabilities and enhancing operational aspects such as budgeting, planning, transportation, and storage.
- Impact: Enhances UNICEF's capacity to deliver essential goods, especially in emergencies, and supports long-term improvements in supply chains.
April 24, 2024
DSV Q1 results: strong start to 2024 with gains in market share.
- Details: Gains in market share across all divisions. Reflects the normalization of freight markets post-COVID-19. Executed smooth leadership transition.
- Guidance: Maintains full-year EBIT guidance range of DKK 15,000 - 17,000 million for 2024.
February 1, 2024
DSV reports solid results for 2023.
- Details: Despite softening demand and normalizing freight markets, DSV delivered solid results with a 13.4% decrease in gross profit and 27.4% reduction in EBIT compared to extraordinary results in 2022.
- Context: Results in line with expectations amidst challenging conditions.
February 1, 2024
DSV announces changes to the Executive Board and Group Executive Committee.
- Details: Strengthening company's change capacity, supporting its commercial approach while ensuring operational continuity.
- Expected Impact: Enhances long-term succession planning and leadership stability.
Summary
DSV A/S continues to be a global powerhouse in logistics and transport, emphasizing sustainability and innovation. With strategic partnerships and a robust product portfolio, it is poised for ongoing growth and market expansion. Recent initiatives further solidify its commitment to operational excellence and sustainability in transport logistics.
