Core Points - The Annual General Meeting of DSV A/S is scheduled for Thursday, 19 March 2026, at 14:00 CET, at the company's registered office in Denmark [1] - The meeting will be conducted in English as per the company's Articles of Association [3] Agenda Items - The Board of Directors will present a report on the company's activities in 2025 [4] - The audited 2025 Annual Report will be proposed for adoption [5] - A dividend of DKK 7.00 per share is proposed based on the adopted 2025 Annual Report [6] - The proposed remuneration for the Board of Directors for 2026 is a base fee of DKK 800,000 per annum per ordinary board member, unchanged from 2025 [7][8] - The 2025 Remuneration Report will be presented for approval [9] - The Board of Directors proposes the re-election of current members and the election of two new members [10] - PricewaterhouseCoopers is proposed for re-election as the auditor for both financial and sustainability reporting [11][12] Adoption Requirements - Proposed resolutions under items 2 through 7 can be adopted by a simple majority of votes in favor [13] Share Capital and Voting Rights - The company's nominal share capital amounts to DKK 240,444,523, divided into 240,444,523 shares of DKK 1 each, with each share entitling the holder to one vote [14] Attendance and Voting - Shareholders must request an admission card by Monday, 16 March 2026, to attend the meeting [19][20] - Proxy appointments can be made electronically or in writing, with a deadline of Monday, 16 March 2026 [22][23] - Postal votes can be cast electronically or via hard copy by Wednesday, 18 March 2026 [24][25] Comments and Questions - Shareholders can make comments or ask questions during the meeting or submit them in writing in advance [27] Further Information - The agenda and full text of proposed resolutions are included in the notice [28] - The meeting can be followed via live webcast on the company's website [29]

Core Viewpoint - The announcement by Algorhythm Holdings regarding its AI logistics platform has triggered significant panic in the logistics sector, leading to a sharp decline in stock prices across the industry, reflecting deep-seated fears about AI's potential to disrupt traditional business models [3][5][10]. Group 1: Market Reaction - The logistics sector experienced a severe sell-off, with the Russell 3000 trucking index dropping by 6.6%, and major players like CH Robinson and Landstar System seeing declines of 15% and 16% respectively [3][5]. - The sell-off marked the worst single-day performance for the sector since April of the previous year, indicating a broader market shift from enthusiasm for AI to fear of its disruptive potential [5][10]. - The Nasdaq 100 index fell by 2%, and there were significant declines in gold, silver, and cryptocurrencies, suggesting a widespread risk-off sentiment in the market [5][10]. Group 2: Company Background and Transformation - Algorhythm Holdings, previously known as The Singing Machine Company, announced its transition to an AI logistics company, claiming its SemiCab platform could increase freight volume by 300% to 400% without adding staff [8][9]. - The CEO, Gary Atkinson, attributed the shift to the impact of tariffs on imports of karaoke equipment from China, which harmed the original business model [8]. - Despite reporting quarterly sales of less than $2 million and a net loss of nearly $3 million, the company's stock surged by 82% following the announcement, highlighting the extreme market reaction [8][9]. Group 3: Analyst Perspectives - Analysts noted that the current market sentiment represents a fundamental shift, with even traditionally resilient sectors like transportation now vulnerable to AI-related fears [7][11]. - Concerns have emerged that AI could eliminate the intermediary role of trucking brokers, which has led to significant declines in their stock prices [11][12]. - Some analysts argue that the market's reaction is disproportionate to the actual risks, suggesting that the sell-off may reflect an overreaction rather than a rational assessment of the situation [12][13].

Core Viewpoint - The logistics sector in the U.S. experienced a significant sell-off due to fears surrounding AI's potential to disrupt traditional industries, triggered by a small company, Algorhythm Holdings Inc., claiming its AI logistics platform could increase freight volume by 300% to 400% without adding operational staff [1][4][5]. Group 1: Market Reaction - The Russell 3000 trucking index fell by 6.6%, with major players like CH Robinson Worldwide Inc. dropping 15% and Landstar System Inc. declining by 16% [1][3]. - The sell-off marked the worst single-day performance for the logistics sector since April of the previous year, spreading to pharmaceutical distributors and European markets, with McKesson Corp. and Cardinal Health Inc. both down around 4% [3]. - The Nasdaq 100 index also fell by 2%, indicating a broader market retreat from AI enthusiasm to fear of its disruptive potential [3]. Group 2: Company Background - Algorhythm Holdings, previously known as The Singing Machine Company Inc., announced its transition to an AI logistics company, driven by losses in its original business due to tariffs on imports [4]. - Despite reporting quarterly sales of less than $2 million and a net loss of nearly $3 million, Algorhythm's stock surged by 82% following the announcement, ultimately closing up 30% at $1.08 [4]. Group 3: Industry Sentiment - The logistics sector is the latest to be impacted by AI panic, following similar trends in real estate, software, and private credit sectors [5]. - Analysts noted a fundamental shift in market sentiment, with traditional industries previously seen as "AI-resistant" now facing significant declines [7]. - Concerns center around AI potentially eliminating the intermediary role of truck brokers, leading to substantial losses in the sector [6]. Group 4: Analyst Perspectives - Some analysts argue that the market's reaction is disproportionate to the actual risks, suggesting that the sell-off reflects an emotional response rather than a rational assessment of the situation [8]. - Barclays analysts defended companies like CH Robinson, indicating that the market's reaction does not align with the underlying risks [8]. - There is a consensus that while AI's long-term impact is significant, the immediate stock market reactions are often exaggerated and emotional [8].

Market Overview - US stock market experienced a significant decline, driven by concerns over the accelerated penetration of artificial intelligence impacting the software industry and office space demand, leading to pressure on commercial real estate and tech sectors [2] - The Dow Jones Industrial Average fell by 669.42 points, a decrease of 1.34%, closing at 49,451.98 points; the S&P 500 dropped by 108.71 points, down 1.57%, closing at 6,832.76 points; the Nasdaq Composite decreased by 469.32 points, a decline of 2.03%, closing at 22,597.15 points [2] Popular Stocks Performance - Major tech companies faced significant losses, with Apple plunging 5%, marking its largest single-day drop since April 2025, following claims by the US Federal Trade Commission regarding Apple's suppression of conservative content [3] - Other notable declines included Meta Platforms down 2.82%, Amazon down 2.20%, Tesla down 2.62%, Nvidia down 1.64%, Microsoft down 0.63%, and Google C shares down 0.63% [3][4] Commercial Real Estate and Financial Services - The current sell-off in the US stock market is primarily focused on commercial real estate and related financial services, with fears that increased use of AI tools may structurally weaken demand for office space, impacting leasing and valuation [5] - Major commercial real estate service companies saw significant stock price drops, with CBRE Group down 8.8%, JLL down 7.6%, and Colliers International down 11.5% [5] - Analysts noted that the discussion around AI reducing office demand has been ongoing, but the recent sell-off in brokerage stocks has led investors to reassess commercial real estate risks more directly [5] Transportation and Logistics Sector - The trucking and logistics sector also faced notable pressure, with the Dow Jones Transportation Average dropping over 4%, marking its worst day since the US announced tariff increases in April of last year [6] - Among the 20 component stocks of the Dow Jones Transportation Average, 17 experienced declines, with Landstar System and C.H. Robinson seeing drops of 15.6% and 14.5%, respectively [6] - Concerns were heightened following Algorhythm Holdings' disclosure that its SemiCab division increased customer freight volumes by 300% to 400% without a corresponding increase in workforce, raising fears about AI's potential to reduce labor demand in logistics [6] Labor Market Data - Recent labor market data showed that initial jobless claims fell by 5,000 to 227,000, indicating overall stability in the job market [7] Bond Market Reaction - US Treasury yields fell, with the 10-year Treasury yield decreasing by 8.1 basis points to 4.102%, marking the largest single-day drop in October; the 2-year yield fell by 4.8 basis points to 3.464% [8] Commodity Market Performance - International oil prices saw a significant decline, with light crude oil futures for March delivery dropping by $1.79 to $62.84 per barrel, a decrease of 2.77%; Brent crude futures for April fell by $1.88 to $67.52 per barrel, down 2.71% [10] - Precious metals also faced pressure, with spot gold down 3.26% to $4,918.36 per ounce and silver down 10.89% to $75.0942 per ounce [10]

Market Overview - US stock market experienced a significant decline, driven by concerns over the accelerated penetration of artificial intelligence impacting the software industry and office space demand [1] - The Dow Jones Industrial Average fell by 669.42 points, a decrease of 1.34%, closing at 49,451.98 points; the S&P 500 dropped by 108.71 points, down 1.57%, closing at 6,832.76 points; the Nasdaq Composite decreased by 469.32 points, a decline of 2.03%, closing at 22,597.15 points [1] Technology Sector Performance - Major tech stocks faced pressure, with Apple experiencing a sharp decline of 5%, marking its largest single-day drop since April 2025, following claims by the US Federal Trade Commission regarding Apple's suppression of conservative content [3] - Other tech giants also saw declines: Meta Platforms down 2.82%, Amazon down 2.20%, Tesla down 2.62%, Nvidia down 1.64%, Microsoft down 0.63%, and Alphabet's Class C shares down 0.63% [3][4] Commercial Real Estate Impact - The sell-off in the US stock market focused on commercial real estate and related financial services, with fears that increased use of AI tools could structurally weaken demand for office space, impacting leasing and valuation systems [5] - Major commercial real estate service companies saw significant stock price drops, with CBRE Group down 8.8%, JLL down 7.6%, and Cushman & Wakefield down 11.5% [6] - Analysts noted that the discussion around AI reducing office demand has been ongoing, and the recent sell-off in brokerage stocks has led investors to reassess commercial real estate risks more directly [6] Transportation and Logistics Sector - The transportation and logistics sector also faced significant pressure, with the Dow Jones Transportation Average dropping over 4%, marking its worst day since the US announced tariff increases in April of last year [6] - Among the 20 components of the Dow Jones Transportation Average, 17 stocks declined, with Landstar System and C.H. Robinson experiencing the largest drops of 15.6% and 14.5%, respectively [7] - Concerns were heightened following Algorhythm Holdings' disclosure that its SemiCab division increased customer freight volumes by 300% to 400% without a corresponding increase in workforce, raising fears about AI's impact on labor demand in the logistics industry [7] Global Market Reactions - The impact of the US market decline extended to European markets, with Swiss logistics group Kuehne + Nagel's stock falling by 13% and Danish logistics firm DSV A/S dropping over 10% [8] Economic Data and Interest Rates - Recent labor market data showed a smaller-than-expected decline in initial jobless claims, leading to fluctuating market expectations regarding the Federal Reserve's interest rate path for the year [8] - The yield on 10-year US Treasury bonds fell by 8.1 basis points to 4.102%, marking the largest single-day drop since October, while the yield on 2-year bonds decreased by 4.8 basis points to 3.464% [8] Commodity Market Performance - International oil prices saw a notable decline, with light crude oil futures for March dropping by $1.79 to $62.84 per barrel, a decrease of 2.77%, and Brent crude oil futures for April falling by $1.88 to $67.52 per barrel, down 2.71% [9] - Precious metals also faced pressure, with spot gold down 3.26% to $4,918.36 per ounce and silver down 10.89% to $75.0942 per ounce [9]

Core Viewpoint - The article discusses the significant decline in the U.S. stock market, driven by concerns over the impact of artificial intelligence on the software industry and office space demand, leading to a reassessment of the Federal Reserve's interest rate path [3]. Market Performance - Major U.S. indices fell sharply, with the Dow Jones Industrial Average down 669.42 points (1.34%) to 49,451.98, the S&P 500 down 108.71 points (1.57%) to 6,832.76, and the Nasdaq Composite down 469.32 points (2.03%) to 22,597.15 [3]. - Tech giants faced significant pressure, with Apple dropping 5% (largest single-day decline since April 2025), Meta down 2.82%, Amazon down 2.20%, and Tesla down 2.62% [6][7]. Commercial Real Estate Concerns - The sell-off focused on commercial real estate and related financial services, with fears that increased AI usage could structurally weaken demand for office space, impacting leasing and valuation [10]. - Major commercial real estate service companies saw significant stock declines, with CBRE down 8.8%, JLL down 7.6%, and Colliers down 11.5% [10]. - Analysts noted that the discussion around AI reducing office demand has been ongoing, but recent sell-offs in brokerage sectors have intensified fears regarding commercial real estate risks [10]. Transportation and Logistics Sector - The transportation and logistics sector also faced declines, with the Dow Jones Transportation Average dropping over 4%, marking its worst day since April of the previous year [11]. - Key logistics companies like Landstar System and C.H. Robinson saw declines of 15.6% and 14.5%, respectively, due to concerns over AI potentially reducing labor demand in the logistics industry [12]. Economic Data and Federal Reserve Outlook - Recent labor market data showed a smaller-than-expected drop in initial jobless claims, leading to fluctuating market expectations regarding the Federal Reserve's interest rate decisions [12]. - The market is currently pricing in a cumulative rate cut of 59 basis points by the end of the year, up from 54 basis points earlier in the day [12]. Commodity Market Trends - International oil prices fell significantly, with WTI crude down $1.79 to $62.84 per barrel (2.77% decline) and Brent crude down $1.88 to $67.52 per barrel (2.71% decline) [15]. - Precious metals also faced pressure, with spot gold down 3.26% to $4,918.36 per ounce and silver down 10.89% to $75.0942 per ounce [15].

Market Overview - The U.S. stock market experienced a significant decline, with concerns about the impact of artificial intelligence on the software industry and office space demand leading to a sell-off in commercial real estate and tech sectors [1] - The Dow Jones Industrial Average fell by 669.42 points, a decrease of 1.34%, closing at 49,451.98 points; the S&P 500 dropped by 108.71 points, down 1.57%, closing at 6,832.76 points; and the Nasdaq Composite decreased by 469.32 points, a drop of 2.03%, closing at 22,597.15 points [1] Technology Sector Performance - Major tech stocks faced pressure, with Apple experiencing a 5% drop, marking its largest single-day decline since April 2025, following claims by the U.S. Federal Trade Commission regarding content suppression [2][3] - Other tech giants also saw declines: Meta Platforms down 2.82%, Amazon down 2.20%, Tesla down 2.62%, Nvidia down 1.64%, Microsoft down 0.63%, and Alphabet (Google) down 0.63% [2][3] Commercial Real Estate Impact - The commercial real estate sector faced a sharp sell-off, with major service companies like CBRE Group down 8.8%, JLL down 7.6%, and Cushman & Wakefield down 11.5% [4] - Analysts noted that the discussion around AI reducing office demand has been ongoing, and the recent sell-off in brokerage stocks has led investors to reassess risks in commercial real estate [4] Transportation and Logistics Sector - The transportation and logistics sector also suffered, with the Dow Jones Transportation Average dropping over 4%, marking its worst day since the U.S. announced tariff increases in April of last year [5] - 17 out of 20 stocks in the Dow Jones Transportation Average declined, with Landstar System and C.H. Robinson falling by 15.6% and 14.5%, respectively, due to concerns over AI reducing labor demand in logistics [6] Economic Data and Interest Rates - Recent labor market data showed a smaller-than-expected decline in initial jobless claims, leading to fluctuating expectations regarding the Federal Reserve's interest rate cuts for the year [6] - The yield on 10-year U.S. Treasury bonds fell by 8.1 basis points to 4.102%, marking the largest single-day drop since October [7] Commodity Market Performance - International oil prices saw a notable decline, with light crude oil futures dropping by $1.79 to $62.84 per barrel, a decrease of 2.77% [8] - Precious metals also faced pressure, with spot gold down 3.26% to $4,918.36 per ounce and silver down 10.89% to $75.0942 per ounce [8]

Core Viewpoint - DSV A/S has announced transactions related to its shares made by managers, in compliance with EU regulations [1]. Group 1 - The announcement is made pursuant to article 19 of regulation (EU) no. 596/2014 [1]. - The notification includes details of transactions conducted by managers of DSV A/S [1]. Group 2 - Contact information for Investor Relations is provided, including names and telephone numbers of Stig Frederiksen and Alexander Plenborg [2]. - The announcement is dated February 6, 2025, and is labeled as Company Announcement No. 1165 [2].

Core Insights - The Aerospace Forum is a leading investment research service focused on the aerospace, defense, and airline sectors, providing access to data analytics and investment ideas [1][2]. Group 1: Company Overview - Dhierin-Perkash Bechai serves as an analyst specializing in aerospace, defense, and airline industries, leveraging a background in aerospace engineering to analyze growth prospects and industry developments [2]. Group 2: Investment Strategy - The investment group aims to identify investment opportunities within the aerospace, defense, and airline sectors, utilizing data-informed analysis to guide investment theses [2].

Core Viewpoint - DSV A/S is set to release its 2025 Annual Report on February 4, 2026, with a conference call scheduled for 11:00 am CET to discuss the report and answer questions from participants [1][2]. Group 1 - The conference call will feature presentations by Jens H. Lund, Group CEO, and Michael Ebbe, Group CFO, followed by a Q&A session [1]. - Participants are encouraged to register for the Q&A session and are advised to dial in 10 minutes before the scheduled start time [2]. Group 2 - For further inquiries, DSV A/S has provided contact information for its Investor Relations team, including Stig Frederiksen and Alexander Plenborg [3].