DSV Q1 EBIT Miss, Shares Fall 2%

DSV A/S Q1 adjusted EBIT rose 31.2% YoY to DKK 4.86bn but missed consensus by 3%, causing shares to drop >2%.
Air & Sea division EBIT fell 4.9% YoY to DKK 2.67bn, margin down to 7.3% from 11.3%, missing forecasts by 8%.
Road and Contract Logistics divisions beat expectations, with EBIT of DKK 996m and DKK 1.26bn respectively, driven by Schenker integration.
Full‑year 2026 EBIT guidance reaffirmed at DKK 23‑25.5bn; Schenker acquisition synergies expected to add at least DKK 4bn in 2026.