Investors bid up ‘golden goose’ DSV – bar set high for Kuehne

The good news first.

(Deservedly.)

DSV’s third-quarter (Q3 26) update out today unequivocally proves that the Danes are the freight forwarding benchmark where it matters, making top dollar in air and sea.

Enjoying a Q3 conversion rate (CR: Ebit/gross profit = 45.8%) at its highest level since the start of the Schenker integration, Air & Sea’s operating margin was equally outstanding, reaching…

(Click to expand the table below and all others)

… 9.4% in the three months to the end of September.

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