DSV, 324 - Interim announcement for the period ended 31 March 2009

29.04.2009
STOCK EXCHANGE ANNOUNCEMENT NO. 324

Interim announcement for the period ended 31 March 2009

Major key figures of the Q1 2009 Interim Financial Report for the period 1
January - 31 March 2009 
•	Revenue amounted to DKK 9,451 million
•	Contribution margin came to DKK 2,312 million
•	Contribution ratio was 24.5%.
•	Operating profit before special items (EBITA) came to DKK 358 million
•	Profit before tax amounted to DKK 114 million
•	DSV's share of the profit for the period amounted to DKK 55 million
•	Diluted adjusted earnings per share were DKK 0.8 for the period, which
amounts to an annualised figure of DKK 6.3 
•	Free cash flow for the period adjusted for the acquisition of enterprises
amounted to DKK 612 million 

Group Management considers the results for the first three months of 2009 a
good financial result achieved in difficult market conditions. 


Outlook for 2009
DSV maintains its full-year forecasts for the expected revenue, operating
profit before special items and free cash flow of the Group. 


Yours sincerely,
DSV