• (PLX AI) – DSV shares rose 2% in early trading as the company once again reported earnings that beat expectations and increased outlook.
  • • Q2 adjusted EBIT was nearly 7% above consensus, driven by the Air & Sea as well as Road divisions, with higher GP/unit and conversion ratio
  • • DSV's new outlook of FY adjusted EBIT DKK 12,500-13,000 million, up from DKK 11,750-12,500 million before, has a midpoint in line with consensus for the year
  • • The company posted a record conversion ratio, with better-than-expected performance across all segments, Bank of America said
  • • BofA reiterated a buy recommendation based on accretion from the Agility GIL acquisition and DSV’s strong M&A track record
  • • The strong Air & Sea yield will continue in the second half of the year and DSV's assumptions about a gradual normalization in H2 may prove too conservative, SEB said
  • • Expect EBIT consensus estimates for the year to go up 3-5% after this report, Carnegie said

Quelle: PLX AI