Jens Lund
Group CEO, DSV
Replay available
DSV A/S (OTC: DSDVY) Q2 2025 earnings conference call, held 2025-07-31. Replay captured from the company's public earnings webcast.

Group CEO, DSV
CFO, DSV
Analyst, BNP Paribas
Analyst, Bernstein
Analyst, JP Morgan
Analyst, Bank of America
Analyst, Wolfe Research
Analyst, Danske Bank
Analyst, Nordea
Analyst, UBS
Ladies and gentlemen, welcome to the DSV H1 2025 Investor Conference Call. I am Hili, the Chorus Call Operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time, pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Jens Lund, Group CEO. Please go ahead. Thank you very much and welcome everybody to have your results call. We are here in Hedehusen, Michael Ebenl and I. We will be hosting the call and taking your questions. And let's jump right into it. We have an hour, so let's make the most of it. The forward-looking statements, please have a look at them and take care that you read them. If we move on to the next slide, you can see our agenda. It's basically the usual agenda. So I guess you're familiar with the format. We've added one thing that we haven't really had before. It's since we've got this IR team, they invent new things all the time and they would really want the highlights to be very clear. And I think it's a solid performance we've delivered, if we move on to the slide number four. In the quarter, we've basically grown our GEP and In spite of a market that has been a little bit challenging, I think that's fair to say, we've navigated that well and I think we can be very satisfied with the result. Of course, we missed the guidance a little bit, but that was basically due to FX fluctuations. So all in all, we're very happy. michael will probably speak a little bit about the cash flow so i'll not steal all his thunder but of course it's always good in ...