DSV A/S (CPH:DSV)

DSV A/S Income Statement

Financials in millions DKK. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	247,331	167,106	150,785	235,665	182,306
Revenue Growth (YoY)	48.01%	10.82%	-36.02%	29.27%	57.25%
Cost of Revenue	180,472	124,132	106,967	183,516	144,691
Gross Profit	66,859	42,974	43,818	52,149	37,615
Selling, General & Admin	38,689	21,189	20,868	21,893	17,215
Operating Expenses	47,322	26,924	26,142	26,964	21,409
Operating Income	19,537	16,050	17,676	25,185	16,206
Interest Expense	-3,621	-1,926	-1,429	-1,360	-903
Interest & Investment Income	1,084	650	469	323	202
Earnings From Equity Investments	5	-23	4	7	4
Currency Exchange Gain (Loss)	-199	-372	-157	276	-53
Other Non Operating Income (Expenses)	-132	-103	-73	-93	-74
EBT Excluding Unusual Items	16,674	14,276	16,490	24,338	15,382
Merger & Restructuring Charges	-4,527	-853	-160	-1,117	-478
Other Unusual Items	-	-	160	-	-
Pretax Income	12,147	13,423	16,490	23,221	14,904
Income Tax Expense	3,684	3,248	4,083	5,550	3,650
Earnings From Continuing Operations	8,463	10,175	12,407	17,671	11,254
Earnings From Discontinued Operations	-291	-	-	-	-
Net Income to Company	8,172	10,175	12,407	17,671	11,254
Minority Interest in Earnings	-77	-66	-92	-103	-49
Net Income	8,095	10,109	12,315	17,568	11,205
Net Income to Common	8,095	10,109	12,315	17,568	11,205
Net Income Growth	-19.92%	-17.91%	-29.90%	56.79%	163.65%
Shares Outstanding (Basic)	236	215	214	227	228
Shares Outstanding (Diluted)	236	215	216	230	233
Shares Change (YoY)	9.75%	-0.16%	-6.49%	-0.93%	0.46%
EPS (Basic)	34.33	47.08	57.68	77.28	49.25
EPS (Diluted)	34.27	47.00	57.10	76.20	48.20
EPS Growth	-27.09%	-17.69%	-25.07%	58.09%	161.96%
Free Cash Flow	19,416	9,559	14,428	25,332	11,022
Free Cash Flow Per Share	82.22	44.42	66.95	109.92	47.38
Dividend Per Share	7.000	7.000	7.000	6.500	5.500
Dividend Growth	-	-	7.69%	18.18%	37.50%
Gross Margin	27.03%	25.72%	29.06%	22.13%	20.63%
Operating Margin	7.90%	9.61%	11.72%	10.69%	8.89%
Profit Margin	3.27%	6.05%	8.17%	7.46%	6.15%
Free Cash Flow Margin	7.85%	5.72%	9.57%	10.75%	6.05%
EBITDA	21,571	17,223	18,805	26,310	17,037
EBITDA Margin	8.72%	10.31%	12.47%	11.16%	9.35%
D&A For EBITDA	2,034	1,173	1,129	1,125	831
EBIT	19,537	16,050	17,676	25,185	16,206
EBIT Margin	7.90%	9.61%	11.72%	10.69%	8.89%
Effective Tax Rate	30.33%	24.20%	24.76%	23.90%	24.49%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.