In addition to falling demand for TSL services and fluctuations in exchange rates and freight rates, DSV’s operations were also affected by the finalization of the integration of ABX Logistics, acquired in the second half of 2008. Nevertheless, according to the group’s management board, a satisfactory financial result was achieved. The total revenue of the entire DSV Group amounted to over 36 billion Danish kroner (DKK), and the operating profit EBITA was 1.7 billion DKK. The air and sea division of the Group, DSV Air&Sea, which in 2008 equaled DSV Road in terms of profit for the first time, generated 56% of the entire group’s EBITA in 2009. DSV also made public the results of an audit of greenhouse gas emissions. The calculations were based on aggregated data on the company’s operations in 2008. In terms of carbon dioxide, total emissions amounted to 2.5 million tons. The road transport division of the group contributed to 59% of this amount, while the air and sea division accounted for 38%. The remaining 75,000 tons of CO2 represent energy consumption by offices, terminals, and warehouses. Since road transport remains the largest source of emissions, a number of measures have been taken to limit the environmental impact of DSV Road. In 2009, thanks to the systematic modernization of the fleet used and subcontractors paying attention to fuel consumption, the average amount of pollution generated by road transport fell by more than 20% compared to 2005. The DSV Group in Poland managed to exceed the operating profit EBITA projected in the budget – instead of the forecasted 20 million PLN, it amounted to almost 26.5 million PLN. This was due to the extraordinary profitability of the Group’s road company, DSV Road. The collapse of the air and sea transport market caused a temporary decline in sales at DSV Air&Sea, however, consistent restructuring and intensive commercial activity allowed the company to gain momentum in the second half of the year. The crisis hit DSV Solutions, which specializes in warehouse logistics, the hardest. It ended the year with a small loss, but reorganization and new contracts provide a basis to expect growth in 2010.









