DANISH
trucker and forwarder DSV's third quarter operating profit increased 18 per cent
year on year to DKK1 billion (US$147 million), drawn on revenues of DKK17.2
billion, up 37.3 per cent.
"We
are keeping momentum in the UTi integration process, and all three divisions
have delivered solid growth," said CEO Jens Bjorn Andersen, referring
to the buyout of the Long Beach-based forwarder.
The
84
per cent surge in ocean traffic to 345,463 TEU from 220,598 TEU in the
third quarter of 2015 was mainly driven by benefits from the acquisition of UTi
Worldwide, DSV said.
The
US unit was also the key driver of the near 57 per cent growth in air freight
to 147,744 tonnes (162,859 tons) from 80,080 tonnes a year earlier.
Nine-month
ocean traffic overall was 51.5 per cent higher at 976,380 TEU and air freight
volume rose almost 85 per cent to 422,123 tonnes.
The
road transport unit boosted net revenue by almost 18 per cent to DKK7.1
billion, with Uti again making a major contribution.
DSV
said it's on target to achieve the DKK1.5 billion annual synergies from the
acquisition of the US firm.
The
company upped its forecast for full-year operating profit to DKK3.4 to DKK3.5
billion from DKK3.3 to DKK3.5 billion previously.
"We
have given ourselves three years to complete the integration of UTi [acquired
in early 2016], but expect most of the work to be done by end-2017," Mr
Andersen said.
Source
: HKSG.
Tidak ada komentar:
Posting Komentar