Half-yearly accounts: DSV doubles result
The Danish transport and logistics giant DSV has benefited from the second quarter, with significant growth in both earnings and cash flows. Based on a strong first half-year, DSV upgrades its expectations for the whole of 2017 and launches a new share buyback program of DKK 1 billion.
"With growth in earnings and cash flow of over 50%, we are very pleased with the Group's results for the first half of 2017. Only 18 months after the acquisition of UTi Worldwide, productivity is already at an all-time high and we have achieved the best results in the history of the Group. Based on a solid first half-year, we are upgrading the expectations for the whole of 2017 and launch a new share buyback program of DKK 1 billion," says CEO Jens Bjørn Andersen in the interim report.
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