Conf call redux: DSV’s ‘day of joy and happiness’

Another day, another round of belting Q3 results in logistics, this time from Denmark’s DSV about a week ago. 
Like many of their peers, the Danes are riding the pandemic wave… just don’t mention Panalpina, or even organic growth. At least, not yet. Well, maybe. 
Either way. Management were in fine fettle during Q3’s analyst conference call, touching on a wide range of topics, from second waves, to Brexit.
As usual, we’ve creatively …

The post Conf call redux: DSV’s ‘day of joy and happiness’...

https://theloadstar.com/conf-call-redux-dsvs-day-of-joy-and-happiness/

DSV Panalpina CEO: Q3 results beat odds during pandemic

DSV Panalpina

Third-party logistics giant DSV Panalpina (OTCMKTS: DSDVY) reported on Thursday a pretax operating profit of 2.7 billion Danish kroner (DKK) ($428 million) for the third quarter, up from DKK 1.78 billion ($280 million) for the same period last year and despite the supply chain disruptions caused by the coronavirus pandemic.

“Market conditions have been better than anticipated across most of our markets, and at the same time we benefit from efficient cost management,” said Jens Bjørn Andersen,...

https://www.freightwaves.com/news/dsv-panalpina-ceo-q3-results-beat-odds-during-pandemic

On the wires: DSV focusing on organic growth? Shurely shome mishtake!

“In the third quarter of 2020, all three divisions delivered results above our expectations. Market conditions have been better than anticipated across most of our markets, and at the same time we benefit from efficient cost management. We are happy to announce that all material aspects of the Panalpina integration have now been successfully completed and we can now intensify the focus on organic growth.”
– DSV Panalpina (DSV PAN) …

The post On the wires: DSV focusing on organic growth? Shurely...

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Market Insight: DSV Panalpina – a ‘Sex, Lies, and Videotape’ moment, Mr Andersen?

A message shared internally by DSV Panalpina CEO Jens Bjørn Andersen last Friday captured the attention – let alone the imagination – of the hardcore crew at the Danish company. But some were left puzzled about the two sides of the same corporate story just at the time when the global freight forwarding leader’s shares broke through another record high – the latest on Tuesday: Dkr963.6.
That implies a whopping market …

The post Market Insight: DSV Panalpina – a ‘Sex, Lies, and Videotape’ moment,...

https://theloadstar.com/market-insight-dsv-panalpina-a-sex-lies-and-videotape-moment-mr-andersen/

Conf call redux: Management glee at DSV’s ‘best ever’

DSV executives could barely contain their glee as they discussed the Danish 3PL’s ‘best-ever’ quarterly results with the analyst community on the Q2 conference call.
Of course, it didn’t go unremarked that DSV’s financials have been affected to the upside somewhat by the acquisition of major rival Panalpina.
CEO Jens Bjørn Andersen was, however, at giddy pains to stress that DSV’s positive Q2 performance runs much deeper than acquired revenues, not least …

The post Conf call redux: Management...

https://theloadstar.com/conf-call-redux-management-glee-at-dsvs-best-ever/

On the wires: DSV Panalpina – Here comes the smile-shaped recovery

”The quarter has developed better than we anticipated when the Covid-19 crisis started. This illustrates the strength of our business model and the skills of the DSV staff, who have been working hard to create solutions for our customers in unprecedented and difficult markets. At the same time, we have benefitted from the continued integration of Panalpina and the cost savings initiative we announced earlier this year.” – DSV Panalpina …

The post On the wires: DSV Panalpina – Here comes the...

https://theloadstar.com/on-the-wires-dsv-panalpina-here-comes-the-smile-shaped-recovery/

M&A radar: Toll is the new UTi for DSV – still not interested, Mr Andersen?

Many have argued in the past year and even more so recently, that if DSV had known then what it knows now about the books at Panalpina (PAN) – due diligence was somewhat scant, as DSV fairly conceded in the early days of the integration – it would have probably looked elsewhere, anywhere, in order to strike a multi-billion dollar deal.
With all its contradictions and a bloated cost base, the …

The post M&A radar: Toll is the new UTi for DSV – still not interested, Mr Andersen? appeared first on T...

https://theloadstar.com/ma-radar-toll-is-the-new-uti-for-dsv-still-not-interested-mr-andersen/

Supply chain radar: DSV’s Andersen steals limelight from DHL’s Scharwath in air cargo gongs – fair?

“’Andersen’s leadership of DSV through its acquisition of and merger with Panalpina led the readers and editors of Air Cargo World to recognise him as the Air Cargo Executive of the Year for 2019.’ So begins Air Cargo World’s article showcasing this year’s Air Cargo Executive of the Year.” – DSV Panalpina, 4 December.
I never thought I would find myself having to comment on the announcement of “Air Cargo Executive …

The post Supply chain radar: DSV’s Andersen steals limelight from...

https://theloadstar.com/supply-chain-radar-dsvs-andersen-steals-limelight-from-dhls-scharwath-in-air-cargo-gongs-fair/

Market Insight: ‘Extremely positive reaction’ from both sides as DSV and Panalpina execs meet

As rumours abound in the marketplace that Panalpina staff are leaving or set to abandon the DSV Panalpina (PAN) ship – with some DSV insiders whispering that some DSV staff outside Denmark are also gauging their options, while others have left already – senior sources close to the DSV/PAN negotiations enthusiastically talk about the first meetings that took place between key executives of both companies last week.
Crack on 
“The key ocean …

The post Market Insight: ‘Extremely positive reaction’...

https://theloadstar.com/market-insight-extremely-positive-reaction-from-both-sides-as-dsv-and-panalpina-execs-meet/

Supply chain radar: With AP Møller-Maersk, trust has gone out of the window

“It is no use saying, ‘We are doing our best.’ You have got to succeed in doing what is necessary.“ – Winston Churchill
The week started with the shares of AP Møller-Maersk (APMM) hitting a new 52-week low and could easily end with a nice little bounce tomorrow when it reports its first-quarter (Q1) numbers, if you trust the most bullish projections.
But the bears are growing in numbers among investors, recently …

The post Supply chain radar: With AP Møller-Maersk, trust has gone out of the...

https://theloadstar.com/supply-chain-radar-with-ap-moller-maersk-trust-has-gone-out-of-the-window/

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