Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

DSV PANALPINA A/S

(DSV)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector news

Maersk bets on cold storage to boost land transportation business

share with twitter share with LinkedIn share with facebook
01/13/2020 | 01:48pm EDT
FILE PHOTO: Worker is seen next to Maersk shipping containers at a logistics center near Tianjin por

Maersk, the world's biggest shipping company, plans to focus on premium services such as cold storage and digital solutions to avoid competing with its own freight-forwarding clients as it expands in the land transportation business.

Since announcing a new strategy in 2016, which included selling its oil and gas business, Maersk has focussed less on market share and more on profitability and cost-cutting in its container and logistics business.

It now hopes to see its terminal and inland logistics operations, the non-Ocean business, make up a bigger part of its future earnings. In 2018, the ocean transport business accounted for almost 80% of core earnings.

While Maersk moves around one in five containers shipped at sea, it handles land transportation from ports to warehouses and distribution centres for less than a quarter of its customers.

Speaking to reporters on Monday, chief executive of APM Terminals and member of Maersk's executive board, Morten Engelstoft, said Maersk had room to "catch up" with rival shippers in its land transportation business.

"Compared to the other shipping lines, our share of the inland business is lower percentage-wise," Engelstoft said.

Rather than investing in freight trucks and threatening the core business of large freight forwarding companies - many of whom are Maersk's own customers - Engelstoft pointed to so-called 'cold chains' as a more attractive investment.

Transporting goods in a 'cold chain' means keeping perishable goods, like fruits or meat, refrigerated throughout the entire journey in order to keep goods fresh for longer.

Engelstoft mentioned that Costa Rica, a major exporter of pineapples and bananas, could benefit from a cold chain between its banana plantations and Maersk's recently inaugurated container terminal on its Caribbean coast.

Maersk is keen to avoid eating into its customers' land transportation businesses as it develops more end-to-end customised solutions. It risks taking business from some of the world's biggest freight-forwarders like DHL Logistics, Kuehne & Nagel, DSV Panalpina and DB Schenker.

"Of course, Maersk needs to keep an eye on the fact, that a large part of our business is for freight forwarders," Engelstoft said.

"The primary focus in the new Maersk is not the traditional freight forwarding business. We are much more interested in things like cold stores, data and digital solutions," he added.

(Reporting by Nikolaj Skydsgaard; Editing by Kirsten Donovan)

By Nikolaj Skydsgaard

Stocks mentioned in the article
ChangeLast1st jan.
A.P. MØLLER - MÆRSK A/S 1.77% 9680 Delayed Quote.0.75%
DSV PANALPINA A/S 1.13% 1025.5 Delayed Quote.33.56%
GF (GF) - CMG (ELECTRONIC)/C1 -0.15% 142.23 End-of-day quote.-1.98%
KUEHNE + NAGEL INTERNATIONAL AG -0.44% 179.8 Delayed Quote.10.17%
LAND CO., LTD. 11.11% 10 End-of-day quote.-16.67%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.19% 107.825 End-of-day quote.-13.37%
LONDON BRENT OIL 0.12% 41.78 Delayed Quote.-36.77%
PANALPINA WELTTRANSPORT (HOLDING) AG 0.00%End-of-day quote.-1.52%
SEA LIMITED 3.49% 155.29 Delayed Quote.286.10%
WORLD CO., LTD. 2.46% 1415 End-of-day quote.-47.42%
WTI -0.42% 40.091 Delayed Quote.-34.31%
share with twitter share with LinkedIn share with facebook
All news about DSV PANALPINA A/S
08/12DSV PANALPINA A/S : Delårsrapport for 1. halvår 2020
PU
08/12195;rsted A/S Interim Report For The First Half Year 2020 - Strong First Half
DJ
08/06DSV PANALPINA A/S : 837 - transactions in panalpina shares made by a member of b..
AQ
07/31DSV PANALPINA A/S : 836 - interim financial report h1 2020
AQ
07/28DSV PANALPINA A/S : half-yearly earnings release
07/28DSV PANALPINA A/S : 835 - major shareholder announcement
AQ
07/09DSV PANALPINA A/S : 834 - major shareholder announcement
AQ
07/07DSV PANALPINA A/S : – H1 2020 analyst conference call
AQ
06/22DSV PANALPINA A/S : 833 - Trading update for Q2 2020
AQ
06/22DSV PANALPINA A/S : 832 - major shareholder announcement
AQ
More news
Financials
Sales 2020 114 B 17 768 M 17 768 M
Net income 2020 4 157 M 650 M 650 M
Net Debt 2020 19 348 M 3 024 M 3 024 M
P/E ratio 2020 57,6x
Yield 2020 0,30%
Capitalization 233 B 36 357 M 36 424 M
EV / Sales 2020 2,22x
EV / Sales 2021 2,12x
Nbr of Employees 53 399
Free-Float 97,8%
Chart DSV PANALPINA A/S
Duration : Period :
DSV Panalpina A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DSV PANALPINA A/S
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 952,02 DKK
Last Close Price 1 025,50 DKK
Spread / Highest target 12,1%
Spread / Average Target -7,17%
Spread / Lowest Target -42,5%
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
Sector and Competitors
1st jan.Capitalization (M$)
DSV PANALPINA A/S33.56%36 357
KUEHNE + NAGEL INTERNATIONAL AG10.66%23 319
YUNDA HOLDING CO., LTD.-26.26%8 016
NIPPON EXPRESS CO., LTD.-2.96%5 409
HYUNDAI GLOVIS CO., LTD.-2.45%4 461
STO EXPRESS CO.,LTD.-20.36%3 598