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Dsv Air & Sea Holding A/S
Hovedgaden 630, 2640 Hedehusene, CVR 26366356
Company type
Limited Corporation
Established
2001
Size
Small
Employees
17
Revenue
-
DKK
Gross profit
-256,900,000
DKK
Operating Profit (EBIT)
330
MDKK
Profit for the year
5,912
MDKK
Equity
8,882
MDKK
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Rank Profit for the year
Rank in industry
1/12,428
"Top 10%"
Rank in Denmark
21/350,621
"Top 10%"
Top management top 3
Frank Sobotka 4 | CEO |
Board top 3
Jens Hesselberg Lund 6 | Chairman of board |
Michael Ebbe 12 | Vice chairman |
Brian Skovgård Ejsing 11 | Vice chairman |
Legal owners top 3
100% | Dsv A/S | DK |
Rights certificate
Selskabet tegnes af bestyrelsens formand eller en næstformand i forening med en direktør eller et bestyrelsesmedlem.
Company information based on CVR
Name | Dsv Air & Sea Holding A/S |
Alternate names | Dsv Samson Transport A/S, Borup Transport & Spedition A/S, Dfds Transport Air & Sea Holding A/S, Dfds Transport Asia A/S, Dsv Air & Sea Asia Holding A/S, Dsv Borup A/S, Dsv Hammerbro A/S, Dsv Hammerbro A/S Jylland Show more |
CVR | 26366356 |
Address | Hovedgaden 630, 2640 Hedehusene |
Industry | Activities of non-financial head offices [701010] |
Established | 12-12-2001 (22 yr) |
First financial statement period | 01-01-2001 to 31-12-2001 |
Company type | Limited Corporation |
Number of employees | 26 (man years:25) |
Advertising protection | No |
Auditor | Pricewaterhousecoopers Statsautoriseret Revisionspartnerselskab since 31-05-2017 |
Financial statement period | 01-01 to 31-12 |
Company capital | 50,000,000 DKK |
Articles of assoc. last | 13-10-2023 |
Member of industries
- Activities of non-financial head officesNACE6 containing 522 comp.
- Activities of head officesNACE3 containing 802 comp.
- Activities of head offices, management consultancy activitiesNACE2 containing 30,014 comp.
- Professional, scientific and technical activitiesNACE1 containing 87,478 comp.
Purpose
Selskabets formål er at drive spedition og service med henblik på sø- og lufttransport af varer, fortrinsvis gennem datterselskaber, der har dette som formål, samt finansiering og finansiel understøttelse af datterselskaber.
Financial Statement
2023 | 2022 | 2021 | |
---|---|---|---|
Currency/unit | 000' DKK | 000' DKK | 000' DKK |
Revenue | - - | 9,274 - | - - |
Gross Profit | -256,900 - | -232,805 - | -32,900 - |
Profit for the year | 5,912,047 +110% | 2,816,374 +84% | 1,527,763 -38% |
Equity | 8,882,485 +79% | 4,957,215 +20% | 4,147,667 -7% |
Total Assets | 32,235,704 -2% | 32,986,070 +7% | 30,768,049 +17% |
Mangement review summary
Management's review
Financial highlights20232022202120202019Key figures (in thousands):Operating loss/profit 330,198 -174,552 -93,143 -166,020 13,296Net financials -880,966 -1,069,760 -227,670 -234,516 -217,213Profit for the year 5,912,047 2,816,374 1,527,763 2,448,995 1,142,816Shareholders' equity at year-end 8,882,485 4,957,215 4,147,667 4,439,077 3,133,122Total assets 32,235,704 32,986,070 30,768,049 26,243,663 22,931,362Investments for the year 784,986 1,666,711 5,351,559 4,127,885 5,897,309Ratios:Return on equity 85.44% 61.87% 35.58% 64.68% 36.48%Solvency ratio 27.55% 15.03% 13.48% 16.91% 13.66%Financial ratios are calculated in accordance with the Danish Finance Society's guidelines on the calculation of financial ratios as stated below: Profit/loss x 100Return on equityAverage equity Equity x 100Solvency ratioTotal AssetsBusiness activities and missionThe Company is a 100% owned subsidiary of DSV A/S. The Company’s financial statements are a part of the consolidated financialstatements for DSV A/S.DSV Air & Sea Holding A/S invests in companies which offer freight forwarding and services with view to moving goods by air andsea to multinational and local customers. Business reviewIn this section we refer to the DSV Group's Annual Report, where the business review has been highlighted for the Air & Sea division. The report is available at: https://investor.dsv.com/reports-presentationsFor 2023, the Air & Sea division saw a decrease of 22.4% in gross profit and a decrease of 33.1% in EBIT before special items.Besides lower volumes, the decline in gross profit originates from lower gross profit yields compared to the record-high levels in 2022.The decline in EBIT before special items can be attributed to the reduction in gross profit, which to some extent has been offset by alower cost base.This year, the air freight volume declined 16.2% and sea freight volume declined 5.5%. In 2023, we continued to develop our digitalisation efforts, focusing on improving digital customer integrations and booking dataquality. The improved data quality provides better and faster supply chain visibility and increases our productivity.We continued to develop our LCL (less-than-container load) product in sea freight, focusing on increasing consolidation in our ownterminals. This ensures a higher service level towards our customers and higher profitability per container.ResultsThe net result in the Company for the year, shows a profit of t.DKK 5,912,047, which is above the result for 2022 and aboveexpectations. The reason for the higher result than anticipated is due to the higher return on investments in Group Enterprises andAssociated Companies.The result is considered satisfactory by the Management. InvestmentsIn 2023 the Company had investments in Group Enterprises and Associated Companies amounting to t.DKK 784.986.Capital resourcesThe Company has a solid capital resource due to the fact that the Company is a part of the cashpool in the DSV Group. The capitalressource is supported by the Groups strategic goal to secure sufficient financial flexibility.Outlook In 2024, we expect the volatility and disruption to continue across global supply chains, we will do our best to navigate the markets,adjust capacity and protect our margins while helping our customers to keep their supply chains flow.As a new service, we have introduced carbon emission data from each DSV transport directly on customer invoices. In our interactionwith carriers, sustainability will also play a larger role, as more efficient solutions and equipment become available.The outlook for 2024 assumes that the currency exchange rates, especially the US dollar against DKK, will remain at thecurrent level. We expect that transport markets will return to growth in 2024, but geopolitical and macroeconomic environmentremains uncertain, thus our target of gaining market share across geographies remains unchanged.It is anticipated that the earnings for 2024 will be lower compared to 2023 and in a range between t.DKK 2,800,000 - 3,000,000 dueto lower return on investments in Group Enterprises and Associated Companies compared to the extraordinarily high return from2023.Unusual risksThere are no unusal matters during the year, which influence the measurement in the Annual Report.Date of general meeting: 30-04-2024