DSV Group has published its financial results for 2016. The acquisition of UTi Worldwide in conjunction with organic growth allowed DSV to record turnover increase by one third. The company has closed the year with DKK 3.4 billion operating profit.

In 2016 DSV Group achieved a turnover of DKK 67.7 billion, a result 33.2% higher than a year earlier (50.8 billion). At the same time the operator grew operating profit by 13.9% to 3.4 billion DKK. In terms of divisions, this means more than 58% profit growth in DSV Solutions, 14% of DSV Road and DSV 11% in Air & Sea.

The acquisition of UTi Worldwide was the largest acquisition to date in the history of DSV. The integration process is almost complete and it took only 5 months neutralize UTi operating deficit. At the same time 9 new countries has joined DSV’s global network and strengthened compay’s presence in existing markets, especially in South America, China and the USA.

All DSV divisions recorded dynamic growth last year. The increase in sea freight (TEUs), compared with the previous year, was 53%, and in air freight (tonnes) 85%. This is largely the result of the UTi aquisition, therefore, the operator did not specify how high was the organic growth in 2016 within the Air & Sea. Road Division has increased its share in most European markets with approx. 5% increase in the number of transports and strengthened its road network with operations in the United States and South America. DSV Solutions has  increased its operating surface to nearly 5 million m2, not only in Europe but also in North America, Africa and South Asia.