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    DSV   DK0060079531

DSV PANALPINA A/S

(DSV)
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DSV Panalpina A/S : expands air freight capacity with new intercontinental air charter routes

02/26/2021 | 02:13am EDT
DSV expands air freight capacity with new intercontinental air charter routes

DSV introduces three new intercontinental routes connecting five continents in order to accommodate customer demands in a global air freight market affected by lack of capacity due to the COVID-19 pandemic.

2/26/2021

DSV introduces three new intercontinental routes connecting five continents in order to accommodate customer demands in a global air freight market affected by lack of capacity due to the COVID-19 pandemic.

COVID-19 continues to impact global trade and movement of goods for companies all over the world. Consequently, airports around the world are facing significant cargo congestion, and customers are facing a frustrating lack of capacity.

DSV continuously seeks to find alternative supply chain solutions for its customers and is once again expanding its air charter network. With the addition of three new intercontinental air charter routes covering five continents, DSV adds a significant amount of air freight capacity to help customers around the world.

'We know a lot of customers struggle with a tremendous amount of uncertainty and a general lack of capacity. Therefore, it is imperative for us to continue to provide new solutions to mitigate the negative impacts of the COVID-19 pandemic for them,' says Mads Ravn, head of global air freight procurement at DSV.

'We see cargo congestion at both sea ports and airports around the world, hence it's crucial that we seek to find alternative solutions. I am very pleased that we keep expanding our international air charter services. The aim is to offer more flexibility and security of cargo freight which is crucial and sought after by our many customers.'

A DSV door to door-solution

The DSV Air Charter Network is managed as a fully in-house DSV network and includes road freight to and from the airport, document handling, freight handling and planning for loading air freight units (ULD's).

The in-house control of the complete process makes the air charter network highly flexible and efficient for customers - all characteristics that are crucial for customers in times of uncertainty.

The three new air charter routes

Luxembourg - Sao Paulo, Brazil

Started Febuary 21st 2021. A weekly direct route from Luxembourg to Guarulhos (São Paulo) with 100 tons of capacity between Europe and Brazil.

Luxembourg - Johannesburg (roundtrip), South Africa,

Starting April 1st 2021. Four weekly direct rotations with a combined 150 tons of capacity connecting two DSV hotspots in Europe and South Africa.

Chicago, USA - Shanghai (roundtrip), China

Starting March 1st 2021 as a weekly connection from Shanghai to Chicago's congestion free Rockford Airport and back to Shanghai. Capacity is 100 tons in each direction.

Disclaimer

DSV A/S published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 February 2021 07:12:02 UTC.


Publicnow 2021
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Financials
Sales 2021 123 B 19 921 M 19 921 M
Net income 2021 8 322 M 1 345 M 1 345 M
Net Debt 2021 22 602 M 3 652 M 3 652 M
P/E ratio 2021 34,9x
Yield 2021 0,41%
Capitalization 281 B 45 402 M 45 340 M
EV / Sales 2021 2,46x
EV / Sales 2022 2,37x
Nbr of Employees 56 621
Free-Float 98,1%
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 1 230,91 DKK
Last Close Price 1 297,00 DKK
Spread / Highest target 15,7%
Spread / Average Target -5,10%
Spread / Lowest Target -45,3%
EPS Revisions
Managers and Directors
NameTitle
Jens Bjrn Andersen Chief Executive Officer
Jens Hesselberg Lund Chief Financial Officer
Thomas Stig Plenborg Chairman
Jesper Riis Group Chief Information Officer
Annette Krumhardt Sadolin Independent Director
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