* EPA claims, “. . . in the U.S., cattle emit about 5.5 million metric tons of methane per year into the atmosphere, accounting for 20% of U.S. methane emissions.” Go green. Eat more fish.
DSV has released its Interim Announcement for the period ending 30 June
2008.
London, 4 August 2008- DSV has
released its Interim Announcement for the period ending 30 June 2008.
Major key figures of the H1 2008 Interim Financial Report for the period
1 January - 30 June 2008
•Revenue amounted to DKK
17,472 million
•Gross profit came to
DKK 3,674 million
•Operating profit before
special items came to DKK 908 million
•Profit before tax
amounted to DKK 1,190 million
•DSV's share of the
profit for the period amounted to DKK 969 million
•Diluted adjusted
earnings per share were DKK 3.0 for H1 2008, which amounts
to
an annualised figure of DKK 5.9
•Free cash flow for the
period adjusted for the acquisition
of enterprises
amounted to DKK 352 million
Group Management considers the results for the period very satisfactory.
Agreement on the acquisition
of XB Luxemburg Holdings 1 S.A., the parent company of the ABX Logistics Group ("ABX").On 21 June 2008, DSV concluded an agreement
with 3i Group plc and 3i funds, the ABX management team and other shareholders
on the acquisition of 100% of the shares
in the parent company of the Belgian ABX Group. The transaction is expected to complete in the third quarter of 2008
and is subject to approval by
the relevant competition authorities. The application and approval
procedure is proceeding as planned.
Outlook
for 2008
DSV maintains the expectations for the current activities as announced
for H2 2008 in the 2007 Annual Report.
Upon final approval by the competition authorities of the expected acquisition of ABX and completion of the transaction,
DSV will publish a stock exchange announcement
in which the acquisition of ABX has
been incorporated into the Company's expectations. Such announcement will
provide further information on the integration of ABX and the expected
synergies, restructuring processes, working capital and investments etc.
####
NOTES TO EDITORS:
DSV is a global supplier of transport and logistics solutions. DSV in the UK offers a comprehensive range of
services under the brands DSV Road,
DSV Air & Sea and DSV Solutions. In the UK, DSV employs over 1500 staff in
more than 25 locations. Globally DSV employs more than 19,000 staff in over 500
locations in more than 50 countries. DSV in the UKis a subsidiary of DSV Holding,
which maintains a corporate head office in Copenhagen. DSV is
listed on the Copenhagen Stock
Exchange, Denmark,
and included in the OMXC20 index as one of the 20 most actively traded
shares.For more information, please visit: www.dsv.com/uk
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