News for DSV Panalpina A/S (DS81.MU)

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 1.24%

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 1.49%

DUBLIN, Feb. 22, 2021 /PRNewswire/ -- The 'Cargo Inspection - Global Market Outlook (2019 -2027)' report has been added to ResearchAndMarkets.com'...

Dublin, Feb. 22, 2021 (GLOBE NEWSWIRE) -- The "Cargo Inspection - Global Market Outlook (2019 -2027)" report has been added to ...

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.23%

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.78%

DSV Panalpina A/S (OTCPK:DSDVF) Q4 2020 Earnings Conference Call February 10 2021 7:00 AM ET Company Participants Jens Bjørn Andersen - Chief Executive Officer Jens Lund - Chief Financial...

Company Announcement No. 862 On 29 October 2020, a share buyback programme of DKK 6,000 million running until 30 April 2021 was initiated, cf. Company Announcement No. 842. Today, the Board of Directors of DSV Panalpina decided to increase the maximum amount allocated to the share buyback programme by DKK 2,000 million, thereby increasing the maximum aggregate purchase price of the shares to be bought back under the programme to DKK 8,000 million. All other conditions of the share buyback programme, including the total number of shares, remain unchanged. Reference is made to Company Announcement No. 842 of 29 October 2020. As per 9 February 2021, shares of an aggregate purchase price of DKK 4,083 million had been bought back under the programme. The programme is implemented in accordance with the Safe Harbour rules and the purpose of the share buyback is to adjust the capital structure and meet obligations relating to the Group’s share-based incentive programmes. At the Annual General Meeting of DSV Panalpina A/S, a resolution will be proposed that any shares not used for hedging or the incentive programmes be cancelled. Any questions may be addressed to Executive Vice President, Investor Relations, Flemming Ole Nielsen, tel. +45 43 20 33 92. Yours sincerely,DSV Panalpina A/S Attachment 862 - Announcement (10.02.2021) - Increase of share buyback

Company Announcement No. 861 “Despite the COVID-19 pandemic and unpredictability throughout the year, 2020 was another strong year for DSV Panalpina. Thanks to an extraordinary effort by our staff, we delivered excellent results across all our divisions and markets. We completed the Panalpina integration and achieved an operating profit before special items of DKK 9,520 million, which is a significant increase of 47% compared to 2019. 2021 will be another challenging year, but with our strong and flexible business model and the right people on board, we will make sure to keep our customers’ supply chains flowing,” says Jens Bjørn Andersen, CEO. Selected financial highlights for 2020 (1 January - 31 December 2020) (DKKm)Q4 2020Q4 2019Full-year 2020Full-year 2019Revenue31,71630,122115,93294,701Gross profit7,2127,08428,53423,754EBIT before special items2,6161,7849,5206,654Special items6856092,164800Operating margin8.2%5.9%8.2%7.0%Conversion ratio36.3%25.2%33.4%28.0%Adjusted earnings 6,1464,456Adjusted free cash flow 8,7463,678Diluted adjusted earnings per share of DKK 1 26.522.1Proposed dividend per share (DKK) 4.002.50 EBIT before special items Air & Sea1,7901,1957,0264,506 Road420 2721,3901,251 Solutions456340 1,1611,013 Q4 2020 results For Q4 2020, revenue amounted to DKK 31,716 million (Q4 2019: DKK 30,122 million). The growth of 10.5% (in constant currencies) was mainly driven by increased freight rates. Q4 2020 is the first quarter with full impact of the Panalpina acquisition on comparative figures. For Q4 2020, gross profit came to DKK 7,212 million (Q4 2019: DKK 7,084 million). The growth in gross profit came to 6.6% (in constant currencies) for the Group and was driven by good performance in all three divisions. EBIT before special items was up by 54.6% (in constant currencies) to DKK 2,616 million for Q4 2020 (Q4 2019: DKK 1,784 million). All three divisions contributed to the growth, which was supported by strong cost discipline and the impact from Panalpina integration synergies. DividendThe Board of Directors proposes ordinary dividends of DKK 4.00 per share for 2020 (2019: DKK 2.50 per share). Outlook for 2021 EBIT before special items is expected to be in the range of DKK 10,500-11,500 million.The effective tax rate of the Group is expected to be approximately 23%. The 2021 outlook assumes a stable development in the markets in which we operate and a continued gradual recovery of the global economy after the COVID-19 crisis. Share buyback – increase of current programme A separate company announcement about an increase of the current share buyback programme of DKK 2,000 million will be issued today. This means that the maximum aggregate purchase price of the shares to be bought back is increased to DKK 8,000 million. The programme will run until 30 April 2021. New 2025 financial targetsAfter the integration of Panalpina, the following 2025 financial targets have been set for the Group and for each division. Long-term financial targets 2025 targets (%)20202025 targetsDSV Panalpina Group Conversion ratio33.4>40.0ROIC (before tax)14.3>20.0Divisional targets for conversion ratio Air & Sea41.6>47.5Road22.6>30.0Solutions21.6>30.0 Investor teleconference DSV Panalpina will host an investor teleconference on 10 February 2021, at 13.00 CET. Please refer to investor.dsv.com for details. ContactsInvestor RelationsFlemming Ole Nielsen, tel. +45 43 20 33 92, [email protected] Anna Linde, tel. +45 43 20 31 95, [email protected] Kristian Hofmeister, tel. +45 43 20 33 88, [email protected] MediaMaiken Riise Andersen, tel. +45 43 20 30 74, [email protected] Yours sincerely, DSV Panalpina A/S Attachment 861 - Announcement (10.02.2021) - 2020 ANNUAL REPORT