DSV A/S
CSE:DSV
Income Statement
Earnings Waterfall
DSV A/S
Revenue
|
148.2B
DKK
|
Cost of Revenue
|
-105.5B
DKK
|
Gross Profit
|
42.7B
DKK
|
Operating Expenses
|
-26B
DKK
|
Operating Income
|
16.7B
DKK
|
Other Expenses
|
-5.3B
DKK
|
Net Income
|
11.4B
DKK
|
Income Statement
DSV A/S
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
46 331
N/A
|
47 087
+2%
|
47 900
+2%
|
48 582
+1%
|
49 581
+2%
|
50 546
+2%
|
50 802
+1%
|
50 869
+0%
|
53 587
+5%
|
58 066
+8%
|
62 736
+8%
|
67 747
+8%
|
70 651
+4%
|
71 969
+2%
|
73 499
+2%
|
74 901
+2%
|
75 058
+0%
|
75 625
+1%
|
77 127
+2%
|
79 053
+2%
|
80 652
+2%
|
81 240
+1%
|
85 524
+5%
|
94 701
+11%
|
102 031
+8%
|
110 734
+9%
|
114 338
+3%
|
115 932
+1%
|
122 239
+5%
|
131 288
+7%
|
152 720
+16%
|
182 306
+19%
|
209 815
+15%
|
234 733
+12%
|
245 736
+5%
|
235 665
-4%
|
215 494
-9%
|
190 472
-12%
|
165 488
-13%
|
150 785
-9%
|
148 171
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(38 267)
|
(38 961)
|
(39 715)
|
(40 343)
|
(41 156)
|
(41 895)
|
(41 946)
|
(41 817)
|
(43 857)
|
(47 336)
|
(51 070)
|
(55 216)
|
(57 568)
|
(58 775)
|
(60 146)
|
(61 406)
|
(61 570)
|
(61 868)
|
(63 059)
|
(64 600)
|
(65 103)
|
(64 765)
|
(67 298)
|
(70 947)
|
(78 166)
|
(84 126)
|
(85 932)
|
(87 398)
|
(92 604)
|
(100 706)
|
(119 567)
|
(144 691)
|
(167 108)
|
(186 281)
|
(193 569)
|
(183 516)
|
(164 831)
|
(142 556)
|
(120 461)
|
(106 967)
|
(105 479)
|
|
Gross Profit |
8 064
N/A
|
8 126
+1%
|
8 185
+1%
|
8 239
+1%
|
8 425
+2%
|
8 651
+3%
|
8 856
+2%
|
9 052
+2%
|
9 730
+7%
|
10 730
+10%
|
11 666
+9%
|
12 531
+7%
|
13 083
+4%
|
13 194
+1%
|
13 353
+1%
|
13 495
+1%
|
13 488
0%
|
13 757
+2%
|
14 068
+2%
|
14 453
+3%
|
15 549
+8%
|
16 475
+6%
|
18 226
+11%
|
23 754
+30%
|
23 865
+0%
|
26 608
+11%
|
28 406
+7%
|
28 534
+0%
|
29 635
+4%
|
30 582
+3%
|
33 153
+8%
|
37 615
+13%
|
42 707
+14%
|
48 452
+13%
|
52 167
+8%
|
52 149
0%
|
50 663
-3%
|
47 916
-5%
|
45 027
-6%
|
43 818
-3%
|
42 692
-3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(5 408)
|
(5 449)
|
(5 471)
|
(5 613)
|
(5 706)
|
(5 824)
|
(5 906)
|
(6 002)
|
(6 678)
|
(7 587)
|
(8 371)
|
(9 056)
|
(9 122)
|
(8 893)
|
(8 742)
|
(8 617)
|
(8 583)
|
(8 643)
|
(8 760)
|
(9 003)
|
(9 801)
|
(10 545)
|
(12 018)
|
(17 100)
|
(17 099)
|
(18 860)
|
(19 718)
|
(19 014)
|
(18 614)
|
(18 603)
|
(19 427)
|
(21 392)
|
(23 055)
|
(24 918)
|
(26 599)
|
(26 945)
|
(27 283)
|
(27 284)
|
(26 505)
|
(26 132)
|
(26 000)
|
|
Selling, General & Administrative |
(4 978)
|
(5 012)
|
(5 045)
|
(5 094)
|
(5 187)
|
(5 306)
|
(5 389)
|
(5 477)
|
(6 104)
|
(6 934)
|
(7 642)
|
(8 281)
|
(8 342)
|
(8 128)
|
(7 990)
|
(7 831)
|
(7 797)
|
(7 869)
|
(7 984)
|
(8 241)
|
(8 412)
|
(8 528)
|
(9 251)
|
(13 462)
|
(13 232)
|
(14 750)
|
(15 562)
|
(14 975)
|
(14 664)
|
(14 732)
|
(15 500)
|
(17 198)
|
(18 630)
|
(20 219)
|
(21 676)
|
(21 874)
|
(22 123)
|
(22 055)
|
(21 216)
|
(20 821)
|
(20 604)
|
|
Depreciation & Amortization |
(497)
|
(504)
|
(493)
|
(519)
|
(519)
|
(518)
|
(517)
|
(525)
|
(574)
|
(653)
|
(729)
|
(775)
|
(780)
|
(765)
|
(752)
|
(786)
|
(786)
|
(774)
|
(776)
|
(762)
|
(1 389)
|
(2 017)
|
(2 767)
|
(3 638)
|
(3 867)
|
(4 110)
|
(4 156)
|
(4 039)
|
(3 950)
|
(3 871)
|
(3 927)
|
(4 194)
|
(4 425)
|
(4 699)
|
(4 923)
|
(5 071)
|
(5 160)
|
(5 229)
|
(5 289)
|
(5 311)
|
(5 396)
|
|
Other Operating Expenses |
67
|
67
|
67
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
2 656
N/A
|
2 677
+1%
|
2 714
+1%
|
2 626
-3%
|
2 719
+4%
|
2 827
+4%
|
2 950
+4%
|
3 050
+3%
|
3 052
+0%
|
3 143
+3%
|
3 295
+5%
|
3 475
+5%
|
3 961
+14%
|
4 301
+9%
|
4 611
+7%
|
4 878
+6%
|
4 905
+1%
|
5 114
+4%
|
5 308
+4%
|
5 450
+3%
|
5 748
+5%
|
5 930
+3%
|
6 208
+5%
|
6 654
+7%
|
6 766
+2%
|
7 748
+15%
|
8 688
+12%
|
9 520
+10%
|
11 021
+16%
|
11 979
+9%
|
13 726
+15%
|
16 223
+18%
|
19 652
+21%
|
23 534
+20%
|
25 568
+9%
|
25 204
-1%
|
23 380
-7%
|
20 632
-12%
|
18 522
-10%
|
17 686
-5%
|
16 692
-6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(443)
|
(437)
|
(433)
|
(271)
|
(293)
|
(317)
|
(320)
|
(274)
|
(185)
|
(190)
|
(197)
|
(151)
|
(324)
|
(402)
|
(466)
|
(524)
|
(617)
|
(315)
|
(260)
|
(225)
|
(267)
|
(536)
|
(555)
|
(836)
|
(1 278)
|
(1 346)
|
(1 703)
|
(1 713)
|
(1 081)
|
(1 048)
|
(637)
|
(342)
|
(802)
|
(1 033)
|
(988)
|
(754)
|
(750)
|
(435)
|
(971)
|
(1 113)
|
(1 195)
|
|
Non-Reccuring Items |
(365)
|
(342)
|
(300)
|
(306)
|
(4)
|
(4)
|
(4)
|
(58)
|
(428)
|
(769)
|
(924)
|
(1 002)
|
(792)
|
(539)
|
(507)
|
(525)
|
(365)
|
(277)
|
(154)
|
0
|
0
|
(19)
|
(191)
|
(800)
|
(1 311)
|
(1 807)
|
(2 088)
|
(2 164)
|
(1 653)
|
(1 138)
|
(839)
|
(478)
|
(882)
|
(1 139)
|
(1 441)
|
(1 117)
|
(713)
|
(456)
|
0
|
37
|
0
|
|
Total Other Income |
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
(29)
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(32)
|
0
|
0
|
0
|
(24)
|
0
|
0
|
0
|
(22)
|
(4)
|
(9)
|
(17)
|
(16)
|
(72)
|
(136)
|
(234)
|
(499)
|
(347)
|
(379)
|
(365)
|
(112)
|
(133)
|
(104)
|
(91)
|
(120)
|
(176)
|
|
Pre-Tax Income |
1 848
N/A
|
1 898
+3%
|
1 981
+4%
|
2 014
+2%
|
2 422
+20%
|
2 506
+3%
|
2 626
+5%
|
2 689
+2%
|
2 439
-9%
|
2 184
-10%
|
2 174
0%
|
2 289
+5%
|
2 845
+24%
|
3 360
+18%
|
3 638
+8%
|
3 797
+4%
|
3 923
+3%
|
4 522
+15%
|
4 894
+8%
|
5 201
+6%
|
5 481
+5%
|
5 375
-2%
|
5 462
+2%
|
4 996
-9%
|
4 173
-16%
|
4 586
+10%
|
4 880
+6%
|
5 627
+15%
|
8 215
+46%
|
9 657
+18%
|
12 016
+24%
|
14 904
+24%
|
17 621
+18%
|
20 983
+19%
|
22 774
+9%
|
23 221
+2%
|
21 784
-6%
|
19 637
-10%
|
17 460
-11%
|
16 490
-6%
|
15 321
-7%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(479)
|
(482)
|
(510)
|
(523)
|
(623)
|
(638)
|
(663)
|
(631)
|
(575)
|
(520)
|
(536)
|
(611)
|
(731)
|
(837)
|
(841)
|
(785)
|
(811)
|
(965)
|
(1 059)
|
(1 213)
|
(1 299)
|
(1 231)
|
(1 273)
|
(1 290)
|
(1 099)
|
(1 271)
|
(1 377)
|
(1 369)
|
(1 959)
|
(2 264)
|
(2 799)
|
(3 650)
|
(4 310)
|
(5 129)
|
(5 655)
|
(5 550)
|
(5 212)
|
(4 760)
|
(4 201)
|
(4 083)
|
(3 808)
|
|
Income from Continuing Operations |
1 369
|
1 416
|
1 471
|
1 491
|
1 799
|
1 868
|
1 963
|
2 058
|
1 864
|
1 664
|
1 638
|
1 678
|
2 114
|
2 523
|
2 797
|
3 012
|
3 112
|
3 557
|
3 835
|
3 988
|
4 182
|
4 144
|
4 189
|
3 706
|
3 074
|
3 315
|
3 503
|
4 258
|
6 256
|
7 393
|
9 217
|
11 254
|
13 311
|
15 854
|
17 119
|
17 671
|
16 572
|
14 877
|
13 259
|
12 407
|
11 513
|
|
Income to Minority Interest |
5
|
2
|
0
|
(1)
|
(2)
|
(3)
|
(4)
|
(2)
|
(2)
|
(7)
|
(7)
|
(10)
|
(11)
|
(7)
|
(12)
|
(31)
|
(29)
|
(19)
|
(10)
|
12
|
19
|
15
|
4
|
(6)
|
(17)
|
(26)
|
(14)
|
(8)
|
0
|
(2)
|
(29)
|
(49)
|
(80)
|
(93)
|
(106)
|
(103)
|
(98)
|
(91)
|
(85)
|
(92)
|
(87)
|
|
Net Income (Common) |
1 374
N/A
|
1 418
+3%
|
1 471
+4%
|
1 490
+1%
|
1 797
+21%
|
1 865
+4%
|
1 959
+5%
|
2 056
+5%
|
1 862
-9%
|
1 657
-11%
|
1 631
-2%
|
1 668
+2%
|
2 103
+26%
|
2 516
+20%
|
2 785
+11%
|
2 981
+7%
|
3 083
+3%
|
3 538
+15%
|
3 825
+8%
|
4 000
+5%
|
4 201
+5%
|
4 159
-1%
|
4 193
+1%
|
3 700
-12%
|
3 057
-17%
|
3 289
+8%
|
3 489
+6%
|
4 250
+22%
|
6 256
+47%
|
7 391
+18%
|
9 188
+24%
|
11 205
+22%
|
13 231
+18%
|
15 761
+19%
|
17 013
+8%
|
17 568
+3%
|
16 474
-6%
|
14 786
-10%
|
13 174
-11%
|
12 315
-7%
|
11 426
-7%
|
|
EPS (Diluted) |
7.72
N/A
|
8.14
+5%
|
8.5
+4%
|
8.55
+1%
|
10.5
+23%
|
10.9
+4%
|
11.59
+6%
|
11.95
+3%
|
10.01
-16%
|
8.86
-11%
|
8.67
-2%
|
8.92
+3%
|
11.2
+26%
|
13.31
+19%
|
14.65
+10%
|
15.76
+8%
|
16.48
+5%
|
18.91
+15%
|
20.67
+9%
|
21.59
+4%
|
22.84
+6%
|
22.72
-1%
|
22.29
-2%
|
18.37
-18%
|
14.29
-22%
|
14.48
+1%
|
15.09
+4%
|
18.35
+22%
|
27.09
+48%
|
32.55
+20%
|
39.23
+21%
|
48.16
+23%
|
56.36
+17%
|
67.41
+20%
|
74.4
+10%
|
76.23
+2%
|
72.98
-4%
|
68.16
-7%
|
66.82
-2%
|
57.14
-14%
|
53.65
-6%
|