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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  DSV Panalpina A/S    DSV   DK0060079531

DSV PANALPINA A/S

(DSV)
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Coronavirus disrupts air and sea freight, prices set to rise - DSV

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02/07/2020 | 06:15am EDT
FILE PHOTO: A container ship is berthed at PSA's Pasir Panjang Terminal in Singapore

China's fast-spreading coronavirus is squeezing air and sea freight capacity in the country with a spike in freight rates a likely consequence, one of the world's biggest transport and logistics companies said on Friday.

The spread of the deadly virus has shut down many cities and factories in China and disrupted global air travel.

"We are already now seeing capacity problems on air freight," Jens Bjorn Andersen, chief executive of freight forwarder DSV Panalpina said. "Sea freight is also being impacted."

Shipping lines are re-routing cargoes and reducing calls to Chinese ports, which sets the scene for months of delivery delays ahead, industry sources have told Reuters.

While big European and U.S. airlines have halted flights to and from China in an attempt to limit the spread of the coronavirus, Andersen said some cargo flights are still available.

"It is still possible to ship goods on airplanes to nearby countries and then fly them out from there," he said.

"We could see some significant increases in freight rates as a result of the uncertainty."

Andersen said it was still too early to quantify the financial impact on DSV from the coronavirus, but acknowledged that the uncertainty was reflected in the company's financial guidance for 2020, which disappointed some analysts.

(Reporting by Jacob Gronholt-Pedersen;Editing by Elaine Hardcastle)

By Jacob Gronholt-Pedersen

Stocks mentioned in the article
ChangeLast1st jan.
DSV PANALPINA A/S 2.98% 739.8 Delayed Quote.-3.65%
PANALPINA N 0.00%End-of-day quote.-1.52%
WORLD CO., LTD. 1.38% 1327 End-of-day quote.-50.69%
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Financials (DKK)
Sales 2020 106 B
EBIT 2020 6 257 M
Net income 2020 2 889 M
Debt 2020 15 843 M
Yield 2020 0,34%
P/E ratio 2020 59,0x
P/E ratio 2021 25,0x
EV / Sales2020 1,76x
EV / Sales2021 1,63x
Capitalization 171 B
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Technical analysis trends DSV PANALPINA A/S
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 755,88 DKK
Last Close Price 739,80 DKK
Spread / Highest target -100%
Spread / Average Target 2,17%
Spread / Lowest Target -100%
EPS Revisions
Managers
NameTitle
Jens Bjørn Andersen Chief Executive Officer
Thomas Stig Plenborg Chairman
Jens Hesselberg Lund Chief Financial Officer
Jesper Riis Chief Information Officer
Annette Krumhardt Sadolin Independent Director
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