In the third quarter of 2025, Danish transport and logistics company DSV delivered impressive financial results despite declining transport volumes and an unstable macroeconomic environment. Thanks to strict cost discipline and rapid integration with DB Schenker, the company strengthened its global market position. DSV’s gross profit increased to DKK 19.51 billion (€2.62 billion) from DKK 11.08 billion a year earlier, and its operating profit (EBIT) rose to DKK 5.43 billion (€728 million) compared to DKK 4.42 billion in the third quarter of 2024.
The integration with DB Schenker, acquired for a record €14.3 billion, is progressing faster than planned: by the end of 2025, DSV expects to complete approximately 30% of the structural combination, double its initial forecast. Synergies for 2025 have been increased to CZK 0.8 billion (€107 million), and by 2028, the company expects to achieve total synergies and savings of CZK 9 billion (€1.2 billion). One-time integration costs could amount to CZK 2.5–3 billion (€335–402 million).
Despite challenges in the road transport segment, where organic EBIT declined by 15.6%, DSV notes improved network efficiency and expanded reach thanks to the combination with DB Schenker. The company has revised its 2025 outlook, expecting operating profit before special items to be in the range of CZK 19.5–20.5 billion (€2.61–2.75 billion). This result confirms DSV’s resilience and the strategic importance of consolidation to maintain competitiveness amid margin pressure and market volatility.