Logistics company, DSV, has reported growth of 59% in revenue and 71% in operating profit across all three of its services sectors – air, land and sea.
A statement released by the Danish multinational said, despite last year’s challenges – supply chain disruptions, port congestion, delays and record-high freight rates – “DSV teams worked hard to find transport solutions and move the cargo for its customers”.
It emphasised that its growth strategy remained part of its immediate market approach, and that it had acquired Kuwaiti warehousing enterprise Agility’s Global Integrated Logistics (GIL).
Adding GIL to its fold meant “adding scale to the global network and strengthening DSV’s presence in the Middle East and South-East Asia”, the company said.
Although capacity is expected to remain constrained amid ongoing freight sector congestion experienced globally, DSV projects earnings before interest and taxes to be in the range of 18-20 billion Danish krone for 2022.
“2021 has been a good – but also challenging – year for DSV,” said the group’s CEO, Jens Bjørn Andersen.
“With the acquisition of GIL we have once again executed on our growth strategy.
“We are proud that GIL is now part of DSV, and the integration is progressing well.
“Supply chain disruptions, port congestion and record-high freight rates have been major themes during 2021, and our teams have worked hard to find solutions and move the cargo for our customers.
“Under these difficult market conditions, we are pleased to deliver a strong set of financial results for 2021.”
