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DSV A/S Q1 profit climbs 50.3% YOY

DSV A/S said its first-quarter normalized net income came to 3.43 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 3.40 kroner per share.

EPS rose 48.7% year over year from 2.31 kroner.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 645.9 million kroner, a gain of 50.3% from 429.6 million kroner in the year-earlier period.

The normalized profit margin climbed to 3.5% from 2.8% in the year-earlier period.

Total revenue climbed 19.0% on an annual basis to 18.22 billion kroner from 15.32 billion kroner, and total operating expenses rose 16.5% on an annual basis to 17.09 billion kroner from 14.68 billion kroner.

Reported net income rose 187.1% year over year to 668.0 million kroner, or 3.55 kroner per share, from 232.7 million kroner, or 1.25 kroner per share.

As of May 2, US$1 was equivalent to 6.82 Danish kroner.