DHL Express (Denmark) A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

Principal activities The Company’s activities are transport, shipping and logistics solutions. DHL Express holds a leading position on the global market and is part of DHL Group. DHL Express Denmark is an important player on the transport and logistics markets in Denmark and expects to further expand and manifest its position on the market to the benefit of its customers.

Beskrivelse af usikkerhed ved indregning eller måling

Uncertainty regarding recognition and measurement Recognition and measurement in the Annual Report have not been subject to any uncertainty.

Beskrivelse af usædvanlige forhold, der kan have påvirket indregningen eller målingen

Unusual circumstances The financial position at 31st of December 2024 of the Company and the results of the activities of the Company for the financial year for 2024 has not been affected by any unusual events.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Development in activities and financial position Profit for the year (including comparison with forecasts previously announced) The Company's income statement for 2024 shows a profit of DKK 103,549 thousand as against a profit of DKK 116,267 thousand in 2023. Equity in the Company's balance sheet at 31 December 2024 stood at DKK 480,534 thousand as against DKK 427,745 thousand at 31 December 2023. DHL is actively adapting to the evolving markets by embracing innovation and sustainability as core components of its business strategy. In response to changing customer demands and the increasing importance of environmental responsibility, DHL is committed to reducing its carbon footprint and enhancing its green initiatives across its global operations. Moving forward, the company will continue to invest in these areas strategically, aligning our investments with our business goals and objectives, to sustain our competitive advantage in the ever-evolving business landscape. Recognizing the urgency of climate change, DHL has set ambitious targets to achieve net-zero emissions. This commitment drives the company to invest in sustainable solutions. To support this goal the Company has throughout 2024 made additional investments in electric vehicles and thus the total share of electric courier vans in 2024 increased to 61% against 40% in 2023. Our commitment to being an employer of choice, has resulted in DHL Express Denmark winning 2nd place in Great Place to Work 2024, and being in the top three for eight consecutive years. The revenue without surcharges for the year has overall been satisfying with an increase of 0,3% compared to 2023. The revenue including surcharges decreased with -2,8% compared to 2023. The expectations for 2024 was to continuously improve customer satisfaction through innovative tools. Management considers the result to be satisfactory. Capital resources DHL has the required intellectual capital resources to operate on a completely sound basis. Operating risks Like other industrial enterprises in Denmark DHL is affected by changes seen in the Danish economy in 2024. DHL will continue to focus on strong positioning within global imports and exports. Foreign exchange risks DHL invoices its main sales in DKK, whereas parts of direct costs are dominated in EUR. DHL is partly exposed to exchange risks in relation to EUR as regards to day-to-day operation. Interest rate risks Due to its ownership, DHL has limited exposure to interest level changes. Credit risks DHL has no material risks relating to individual customers or business partners. Intellectual capital ressources DHL has the required intellectual capital resources to operate on a completely sound basis. Share-based compensation The Company has set up share-based incentives to executives in DHL Group and other eligible employees. Shares granted to employees are evaluated at their fair value at the time of issuing and are recorded as staff expenses in the income statement throughout the vesting period. The corresponding entry is reflected directly in equity. At the initial recognition of the shares, an estimate is made regarding the number of shares anticipated to vest. This estimate is then adjusted over time to ensure that the total expense recognized aligns with the actual number of vested shares.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Events after the balance sheet date No events have occurred after the balance sheet date of material importance to the annual report for 2024.

Beskrivelse af virksomhedens forventede udvikling

Outlook In light of global macroeconomic trends and geopolitical challenges impacting the world economy, DHL Express Denmark, like many logistic companies, is expected to feel significant effects. The growth of the international express market remains closely tied to economic conditions, particularly in the B2B sector. Looking ahead at 2025 we expect to have a slight growth, influenced by ongoing economic fluctuations and uncertainties. To address the mentioned challenges, DHL Express Denmark will focus on agility in our cost management and productivity while striving to maintain our status as an Employer of Choice. Our focus will be on driving continuous improvements across all aspects of our business and actively utilizing customer feedback to refine and elevate our service delivery. As we navigate this evolving landscape, our dedication to innovation and responsiveness will be key to our success. Given the current impact on the world economics the Company expects revenue for 2025 to be between bnDKK 1,2-1,3 and profit for the year to be between mDKK 65-75.