Dhl Express (Denmark) A/S

Ledelsesberetning

Foreign exchange risks
Interest rate risks
Credit risks
Reporting on data ethics
Like other industrial enterprises in Denmark DHL is affected by changes seen in the Danish economy in 2023. DHL will continue to focus on strong positioning within global imports and exports.
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.
Due to its ownership, DHL has limited exposure to interest level changes.
Due to its ownership, DHL has limited exposure to interest level changes.
Deutsche Post DHL Group has established a Group-wide Data Privacy Policy. This policy is binding for all of the company's subsidiaries that are affected by data protection laws. Through this measure we aim to ensure that the processing of personal data is carried out exclusively in accordance with the respective legal requirements.
According to section 99d (3) of the Danish Financial Statements Act, DHL Express strives to handle data as responsibly and safely as possible. The Company is subject to rules and policies laid down by the parent company, which amongst other decide which IT systems to make use of. Consequently, the Company has not made a separate policy in respect to data ethics. For a description of the group’s data protection policy please refer to the CSR report of Deutsche Post DHL.
The report can be found on: https://group.dhl.com/content/dam/deutschepostdhl/en/media-center/investors/documents/presentations/2023/DHL-Group-2023-ESG-Presentation.pdf

Beskrivelse af virksomhedens væsentligste aktiviteter

The Company’s activities are transport, shipping and logistics solutions. DHL holds a leading position on the global market and is part of DHL Group.
DHL 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

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

The financial position at 31st of December 2023 of the Company and the results of the activities of the Company for the financial year for 2023 has not been affected by any unusual events.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

The Company's income statement for 2023 shows a profit of DKK 116,267 thousand as against DKK 102,224 thousand in 2022. Equity in the Company's balance sheet at 31 December 2023 stood at DKK 427,745 thousand as against DKK 411,998 thousand at 31 December 2022.
In order for the company to remain agile and continuously monitor emerging technologies and market trends the company will ensure to stay at the forefront of digital innovation. 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.
To support the initiatives to lower CO2 emission the company have throughout 2023 continued its investment in electric courier vans and e-bikes to further reduce the CO2 emission. The share of electric courier vans increased to 41% in 2023 compared with 27% in 2022.
Our focus of becoming employer of choice led to Express Denmark won 3rd place in Great Place to Work 2023, being in top three for six years in a row.
The revenue for the year has compared to 2022, been overall satisfying despite a decrease of 9.2%. The expectations for 2023 were to continuously improve financial performance through a strengthen customer satisfaction via innovative tools. Management considers the result to be satisfactory.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

No events have occurred after the balance sheet date of material importance to the annual report for 2023.

Beskrivelse af virksomhedens forventede udvikling

With world macroeconomics and geopolitical dislocations impacting the world economics, there is no doubt that DHL Express Denmark will feel the impact of this like other logistics companies. Growth in international express market depends upon the economic situation, hereunder the growth in B2B. For 2024, we still expect only moderate growth, depending on economic development. To address this, DHL Express Denmark will focus on agility in our cost management, productivity while remaining focused on continuing to be an Employer of Choice, continuous improvements in all aspects of the business and further advance in our efforts to use customer feedback to continuously improve our service.
Given the current impact on the world economics the Company expects revenue for 2024 to be between bnDKK 1,2-1,3 and profit for the year to be between mDKK 65-75.