DSV (DSV) AGM 2025 summary

Opening remarks and agenda

• AGM opened with welcomes to shareholders, employees, and online participants, with all presentations in English and translation available.

• Share price increased by 38% since last year, attributed to positive business developments and the Schenker acquisition.

• Legal formalities confirmed, with 76% of votes and share capital represented, ensuring the meeting's competence to transact business.

• Agenda included management reports, annual report approval, profit application, board remuneration, board and auditor elections, share capital authorization, treasury shares, and remuneration policy amendments.

Financial performance review

• Revenue grew to DKK 167 billion, with EBIT at DKK 16.1 billion, in line with guidance and reflecting market normalization post-COVID.

• Net profit for 2024 was DKK 10.1 billion, with solid earnings across all business areas despite a challenging first half.

• Equity raise and bond issue in October 2024 brought in EUR 10 billion to support the Schenker acquisition.

• Dividend of DKK 7 per share proposed, representing 16.5% of net profit, with DKK 4.2 billion added to equity.

• Share buybacks totaled 2.9 million shares until the Schenker acquisition announcement.

Board and executive committee updates

• CEO succession executed in October 2023, with Jens Lund taking over to lead the new commercial strategy and Schenker integration.

• Board composition reviewed, with a focus on international expertise and technology, and two new members proposed for election.

• Succession planning for the chairmanship to resume after successful Schenker integration, with continuity prioritized during the transition.