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DSV A/S profit misses consensus by 17.8% in Q3

DSV A/S said its normalized net income for the third quarter came to 2.85 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 3.46 kroner per share.

EPS rose 20.3% year over year from 2.37 kroner.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 482.1 million kroner, a gain of 18.1% from 408.1 million kroner in the year-earlier period.

The normalized profit margin climbed to 3.8% from 3.3% in the year-earlier period.

Total revenue increased on an annual basis to 12.54 billion kroner from 12.28 billion kroner, and total operating expenses increased year over year to 11.68 billion kroner from 11.55 billion kroner.

Reported net income increased 19.3% from the prior-year period to 576.0 million kroner, or 3.40 kroner per share, from 483.0 million kroner, or 2.80 kroner per share.

As of Oct. 28, US$1 was equivalent to 6.74 Danish kroner.