COPENHAGEN, July 31 (Reuters) – Denmark’s freight-forwarder DSV Panalpina DSV.CO on Friday reported better-than-expected earnings and said it would reinstate its former full-year guidance, which was suspended in March due to the coronavirus pandemic.
Its second-quarter operating profit before special items rose 63% to 2.6 billion Danish crowns ($415.52 million), above an average of 2.36 billion forecast by analysts in a poll compiled by DSV.
For the year, DSV expects an operating profit before special items in the range of 8.2 billion to 8.7 billion.
($1 = 6.2572 Danish crowns)
(Reporting by Nikolaj Skydsgaard Editing by Shri Navaratnam)
(([email protected];))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
