DSV Road Q1 turnover and EBITDA affected by fierce competition


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. Although the operator said costs declined as a result of “capacity adjustments” in 2012, EBITDA fell 8.9% to DKK 234m (£26.6m), compared to DKK 257m (£29.2m) in 2012, its results for the three months ending 31 March showed. Turnover also dropped slightly from DKK 5.7bn in Q1 2012 to DKK 5.6bn in the same period […]