DSV Road MD René Falch Olesen said that the economy in 2012 had affected the firm’s profit in what was a “satisfactory” year for the operator. Financial results for the year ended 31 December 2012, which were published earlier this month, showed that turnover was down 3.2% to £179.3m (2011: £185.4m), while pre-tax profit fell 41% to £5.6m, compared to £9.7m in the previous year. Falch Olesen said: “We were very happy with the results under the circumstance that the […]
UK Mail Group saw turnover and pre-tax profit climb last year thanks to increased volumes, winning new business and retaining existing customers in its parcel and mail divisions.
DSV has blamed a first quarter dip in turnover and EBITDA in its road division on “fierce competition” and a reduction in average consignment size.
The sale of its Palletforce shares after the purchase of the pallet network last year by EmergeVest sent Farrall’s’ profit soaring in 2015.