DSV (CPH: DSV) financial statements

The consolidated income statement, balance sheet and cash flow statement of DSV for its last 7 fiscal years, as filed with the regulator, in millions of Danish kroner. At the end of fiscal 2025 it had DKK 290,373m in total assets and DKK 117,414m in equity.

Income statement

Item	2025	2024	2023	2022	2021	2020	2019
Revenue	DKK 247,331m	DKK 167,106m	DKK 150,785m	DKK 235,665m	DKK 182,306m	DKK 115,932m	DKK 94,701m
Gross profit	—	—	—	DKK 52,149m	DKK 37,615m	DKK 28,534m	DKK 23,754m
Finance costs	DKK 4,026m	DKK 2,470m	DKK 1,706m	DKK 1,472m	DKK 1,047m	DKK 1,983m	DKK 989.0m
Profit before tax	DKK 12,147m	DKK 13,423m	DKK 16,490m	DKK 23,221m	DKK 14,904m	DKK 5,627m	DKK 4,996m
Income tax	DKK 3,684m	DKK 3,248m	DKK 4,083m	DKK 5,550m	DKK 3,650m	DKK 1,369m	DKK 1,290m
Net profit	DKK 8,095m	DKK 10,109m	DKK 12,315m	DKK 17,568m	DKK 11,205m	DKK 4,250m	DKK 3,700m
Earnings per share	DKK 34.30	DKK 47.10	DKK 57.70	DKK 77.30	DKK 49.30	DKK 18.70	DKK 18.70
Diluted earnings per share	DKK 34.30	DKK 47.00	DKK 57.10	DKK 76.20	DKK 48.20	DKK 18.40	DKK 18.40
Depreciation and amortisation	DKK 8,633m	DKK 5,735m	DKK 5,274m	DKK 5,071m	DKK 4,194m	DKK 4,039m	DKK 3,638m

Balance sheet

Item	2025	2024	2023	2022	2021	2020	2019
Total assets	DKK 290,373m	DKK 236,545m	DKK 147,110m	DKK 159,045m	DKK 161,395m	DKK 96,250m	DKK 97,557m
Current assets	DKK 78,207m	DKK 126,512m	DKK 42,374m	DKK 54,438m	DKK 58,824m	DKK 30,552m	DKK 28,218m
Inventories	DKK 2,095m	DKK 5,007m	DKK 4,314m	DKK 1,889m	DKK 284.0m	DKK 1,426m	DKK 1,324m
Property, plant and equipment	DKK 24,421m	DKK 6,779m	DKK 6,214m	DKK 6,284m	DKK 6,262m	DKK 3,014m	DKK 3,022m
Cash	DKK 13,179m	DKK 83,576m	DKK 6,452m	DKK 10,160m	DKK 8,299m	DKK 4,060m	DKK 2,043m
Total liabilities	DKK 172,683m	DKK 122,042m	DKK 78,144m	DKK 87,304m	DKK 87,117m	DKK 48,953m	DKK 48,238m
Current liabilities	DKK 82,293m	DKK 39,214m	DKK 38,339m	DKK 46,769m	DKK 53,413m	DKK 29,114m	DKK 29,316m
Equity	DKK 117,414m	DKK 114,182m	DKK 68,703m	DKK 71,519m	DKK 74,103m	DKK 47,385m	DKK 49,430m
Equity including minorities	DKK 117,690m	DKK 114,503m	DKK 68,966m	DKK 71,741m	DKK 74,278m	DKK 47,297m	DKK 49,319m
Minority interests	DKK 276.0m	DKK 321.0m	DKK 263.0m	DKK 222.0m	DKK 175.0m	−DKK 88.0m	−DKK 111.0m

Cash flow statement

Item	2025	2024	2023	2022	2021	2020	2019
Operating cash flow	DKK 21,481m	DKK 11,651m	DKK 16,458m	DKK 26,846m	DKK 12,202m	DKK 10,276m	DKK 6,879m
Investing cash flow	−DKK 77,723m	−DKK 2,375m	−DKK 2,030m	−DKK 966.0m	DKK 420.0m	−DKK 556.0m	DKK 1,371m
Financing cash flow	−DKK 13,457m	DKK 67,943m	−DKK 17,574m	−DKK 24,245m	−DKK 8,680m	−DKK 6,999m	−DKK 7,484m
Capital expenditure	DKK 2,065m	DKK 2,092m	DKK 2,030m	DKK 1,514m	DKK 1,180m	DKK 1,121m	DKK 1,000m
Dividends paid	—	—	—	—	DKK 920.0m	DKK 588.0m	DKK 423.0m

Where each figure comes from

From the annual report DSV files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the DSV page.

Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.