Press Release Summary: DSV has released its Interim Announcement for the period ending 30 June 2008.
Press Release Body: 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 UK is 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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Contact Details: Sarah A. Chase Head of PR Image Line Communications Ltd. Unit 1A Zetland House 5-25 Scrutton Street London EC2A 4HJ (t) + 44 (0) 20 7689 9009 (f) + 44 (0) 20 7689 8008 (e) pr@imageline.co.uk www.imageline.co.uk Visit our press centre at any time for further news, photos and information! http://www.imagelinepr.co.uk/imageline/press-centre.php
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