DSV A/S (DSDVY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the DSV Annual Report 2025 conference call. I am Sandra, the call school operator. I would like to remind you that all participants have been listened on remote and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by 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 is my pleasure to hand over to Jens Lund, Group CEO. Please go ahead, sir. Good morning. Thank you for joining us here on this investor presentation that we will have in relation to the publication of our full year 2025 results. Today, I'm joined by Michael Eber, and we will basically go through the presentation as we normally do and discuss Once we've completed the presentation, we'll be happy to take your questions. If we skip to slide number one, there's just the reference to the forward-looking statements that I would like you to pay attention to, and then, of course, the agenda as well. The highlights of the year, I think, is clearly, of course, for us that – Basically we now can announce that we complete the Schenker integration at the end of 2026. I'll say that both the feedback from the employees and certainly also from the customers has been very constructive because we managed to take out the uncertainty both for employees but also for customers. I'll say a little bit more about integration on the next slide, so I'll move on to the financial performance. It's been a tough market. You can also see from the reporting in the last quarter that there's a lot of headwind on FX, plus all the geopolitical issues as well, and also yields, of course, under pressure as well. ...