STOCK EXCHANGE ANNOUNCEMENT NO. 335 Interim announcement for the six months ended 30 June 2009 Major key figures of the H1 2009 Interim Financial Report for the period ended 30 June 2009 • Revenue amounted to DKK 18,267 million • Contribution margin came to DKK 4,574 million • Contribution ratio was 25.0%. • Operating profit before special items (EBITA) came to DKK 804 million • Profit before tax amounted to DKK 197 million • DSV's share of the profit for the period amounted to DKK 47 million • Diluted adjusted earnings per share were DKK 1.7 for the period, which amounts to an annualised figure of DKK 4.5 • Free cash flow for the period adjusted for the acquisition of enterprises amounted to DKK 795 million Group Management considers the results for the first six months of 2009 as satisfactory financial results in highly difficult market conditions. Outlook for 2009 Due to the ongoing economic and financial crisis with consequential impact on prices and freight volumes, the DSV Group has reduced the forecasts of its full-year revenue, contribution margin and operating profit before special items as well as adjusted free cash flow for 2009. Expected full-year results for 2009 are now: • Revenue is expected to amount to DKK 38,000 million • Contribution margin is expected to be DKK 9,300 million • Operating profit before special items (EBITA) is expected to come to DKK 1,750 million • Free cash flow adjusted for the acquisition of enterprises is maintained at DKK 930 million Yours sincerely, DSV
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