Group 1 - The company is hosting a Capital Markets Day on 12 May 2026, inviting institutional investors and analysts to attend [1] - The event will be a hybrid format, featuring live streaming and a recording available on the investor website post-event [1] - Limited seats are available for physical attendance at the event location in Hedehusene, Denmark [1] Group 2 - Contact information for investor relations is provided, including the name and contact details of the IR Coordinator [2]

Summary of Key Points from the Conference Call Industry Overview - The conference call discusses the logistics industry, focusing on the implications of reshoring and the dynamics of a multipolar world on global supply chains and freight transport [2][20][65]. Core Insights and Arguments - **Reshoring Impact**: The reshoring of supply chains is leading to a structural shift in logistics, with a notable modal shift from ocean freight to truck freight, particularly benefiting short-haul trucking [9][38][58]. - **Container Throughput Trends**: Regression analysis indicates that ocean container throughput growth is expected to slow relative to GDP growth, with a projected decline in the multiplier effect of TEU (Twenty-foot Equivalent Unit) trade to GDP [9][39][52]. - **Earnings Estimates**: Earnings estimates for global container liners are significantly below consensus, with projections of -18% and -24% for FY26 and FY27, respectively. In contrast, earnings for listed truck freight players are expected to outperform, with estimates of +18% and +20% [9][58]. - **Investment in Reindustrialization**: Total investment in reindustrialization in Europe and the US is projected to reach $4.7 trillion over the next three years, indicating a strong commitment to reshoring strategies [34][36]. - **Modal Shift Dynamics**: The shift towards road transport is evident, with trucks gaining market share over ocean freight, especially in high-frequency, short-haul lanes. Rail-road intermodal solutions are also expected to gain traction due to their ESG benefits [9][38][58]. Additional Important Insights - **Trade as a Share of GDP**: The share of trade in GDP is declining, exacerbated by efforts to nearshore supply chains. This trend reflects a broader structural shift towards services in global economies [20][44]. - **US-China Trade Relations**: The US is reducing its reliance on China, with China's share of US imports dropping from 22% in 2017 to 13% in 2024. This shift is influencing global supply chains and increasing the importance of alternative trading partners like Mexico and Vietnam [69][71]. - **Geopolitical Tensions**: Rising geopolitical tensions are reshaping trade routes and supply chain strategies, with disruptions in regions like the Middle East affecting logistics operations [98]. - **Technological Investments**: Companies are expected to invest in AI and data infrastructure to enhance supply chain resilience and efficiency, particularly in response to the complexities introduced by reshoring [60]. Conclusion - The logistics industry is undergoing significant changes driven by reshoring, geopolitical tensions, and evolving trade dynamics. The modal shift towards trucking and the decline in ocean freight volumes present both challenges and opportunities for various stakeholders in the logistics sector [9][20][58].

Group 1 - The announcement pertains to transactions related to shares in DSV A/S made by managers, in compliance with EU regulation [1] - The notification is issued under article 19 of regulation (EU) no. 596/2014 [1] Group 2 - Contact information for Investor Relations is provided, including names and telephone numbers of Stig Frederiksen and Alexander Plenborg [2]

Group 1 - BlackRock, Inc. has increased its holding in DSV A/S to 5.53% as of 24 October 2025, up from 5.04% previously [1] - The breakdown of BlackRock's holdings includes 5.44% in share capital and voting rights attached to shares, and 0.09% through financial instruments [1] - As of 24 October 2025, BlackRock controls a total of 12,119,616 shares/voting rights in DSV [1] Group 2 - As of 27 October 2025, BlackRock's total shares and other financial instruments in DSV have fallen below 5% of the entire share capital and voting rights [2]

Schenker Integration - DSV maintains strong momentum on Schenker integration with high customer satisfaction scores and positive customer feedback[8, 9] - Total transaction and integration costs are still anticipated at around DKK 11 billion, with the majority expected in 2026 and 2027[11] - The company expects annual synergies of DKK 9 billion at the end of 2028, with 30% completed by the end of 2025 and 70% by the end of 2026[14] - The impact of DKK 800 million is expected from synergies in 2025, with DKK 300 million impact in Q3 2025[14] Q3 2025 Financial Highlights - The company achieved stable financial performance in Q3 2025 despite challenging market conditions[9, 18] - Organically, gross profit was up 5.4% and EBIT before special items was down 7.3% in Q3 2025 compared to the same period last year[17, 18] - Schenker contributed DKK 8,184 million to gross profit and DKK 1,463 million to EBIT for the quarter[18] - Adjusted free cash flow was strong at DKK 4,276 million in Q3 2025, with a cash conversion of 96%[44, 45] Outlook - The company narrowed its 2025 outlook for EBIT before special items to DKK 195 - 205 billion[9] - The company expects full-year financial impact from synergies related to the integration of Schenker to be around DKK 800 million[46] - The company expects the effective tax rate to be around 29%[46]

Core Viewpoint - The financial calendar for DSV A/S outlines the expected dates for the publication of financial announcements and the Annual General Meeting for the 2026 financial year [1]. Financial Announcement Schedule - The Annual Report for 2025 is scheduled to be published on 4 February 2026 [1]. - The Annual General Meeting for 2026 will take place on 19 March 2026, with agenda proposals due by 4 February 2026 [1]. - The Interim Financial Report for the First Quarter of 2026 is set for publication on 29 April 2026 [1]. - The Interim Financial Report for the First Half of 2026 will be released on 22 July 2026 [1]. - The Interim Financial Report for the Third Quarter of 2026 is expected on 21 October 2026 [1].

Group 1 - DSV A/S is set to release its Q3 2025 interim results on 23 October 2025 at 11:00 am CEST [1] - A webcast and conference call will be held to present the Q3 2025 Interim Financial Report, featuring Group CEO Jens H. Lund and Group CFO Michael Ebbe [1] - Participants are encouraged to register for the Q&A session during the conference call and to dial in 10 minutes prior to the start time [2] Group 2 - Contact information for Investor Relations is provided, including Stig Frederiksen and Alexander Plenborg, along with their respective phone numbers and email addresses [3]

Group 1 - DSV A/S, the largest 3PL provider globally after acquiring Schenker, saw its stock price increase by over 18%, significantly outperforming the S&P 500's 7.1% gain, aligning with a Strong Buy rating [1] - The Aerospace Forum aims to identify investment opportunities within the aerospace, defense, and airline sectors, leveraging data analytics for informed investment analysis [1] - The analysis provided by the Aerospace Forum is rooted in a background in aerospace engineering, focusing on the industry's growth prospects and the implications of developments on investment strategies [1]

Core Viewpoint - The MSCI Nordic Countries Index has declined by 1.4%, closing at 335.73 points, marking the lowest close since April 29 [1] Company Performance - The healthcare sector in the Nordic region led the decline, with Novo Nordisk experiencing a drop of 3.2%, contributing significantly to the overall market downturn [1] - DSV A/S saw a notable decline of 4.8%, making it the worst performer among the index constituents [1]

Core Viewpoint - Agility Public Warehousing Company K.S.C.P has reorganized its shareholding structure in DSV A/S, transferring the ultimate beneficial ownership of shares from Agility K.S.C.P to its subsidiary Agility Global PLC, while maintaining the same total shareholding percentage in DSV A/S [1]. Group 1 - As of July 4, 2025, Agility Group holds a total of 19,304,348 shares/voting rights in DSV A/S, which represents 8.03% of the entire share capital and voting rights in DSV A/S [2].