• DSV is a world-leading transport and logistics provider with a unique M&A track-record based on a successful integration model supported by standardised infrastructure and an experienced management team.
• The company targets organic growth above the market development, which is assumed to develop in line with global GDP.
• Our asset-light business model enables scalability which combined with high productivity is driving industry-leading margins, double-digit EPS growth and strong cash flow generation.
• Strong commitment to Sustainability and Corporate Responsibility towards our customers, employees and other stakeholders.
• Disciplined capital allocation model ensures high returns and strong cash distribution to shareholders.

Capital allocation and dividend policy

Our priority for capital allocation:

1. Repayment of net interest-bearing debt in periods when the financial gearing ratio is above target range.
2. Value-adding investments in the form of acquisitions or development of the existing business.
3. Distribution to the shareholders by means of share buybacks and dividends.

DSV aims to ensure an annual dividend pay-out ratio of approximately 10-15% of net profit.

Financial outlook for the current year can be found in our latest investor presentation.