By Louise Rasmussen
COPENHAGEN (Reuters) -Danish freight company DSV on Thursday posted third-quarter profits slightly above forecasts but trimmed its full-year outlook, citing a significant foreign exchange rate impact and softer demand amid persistent market uncertainty.
European shipping and logistics firms have come under pressure due to falling freight rates and weaker demand, since U.S. President Donald Trump imposed a raft of new tariffs on trade partners earlier this year.
DSV said it now expected operating profit before special items for 2025 of between 19.5 billion and 20.5 billion Danish crowns ($3.05 billion-$3.20 billion), down from a previous range of 19.5 billion to 21.5 billion crowns.
“Demand is softer, currently the market is a bit more challenging,” Chief Financial Officer Michael Ebbe told Reuters.
“But primarily it’s also that we have some foreign exchange rate impact, which is a headwind that we have, a significant headwind,” he said.
DSV said in a statement it would continue to monitor activity levels across its organisation and that it would adjust capacity and its cost base as necessary.
The world’s largest logistics firm posted a third-quarter operating profit before special items of 5.43 billion Danish crowns, slightly above the 5.33 billion crowns expected by 17 analysts in a company-provided poll.
($1 = 6.4029 Danish crowns)
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik and Tomasz Janowski)
