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DSV signs Red Cross agreement

COPENHAGEN: March 07, 2017. DSV and Denmark's Red Cross have signed a global logistics agreement that includes the donation of two warehouses.

With a total area of 2,000 square meters and located at Roskilde, 30 minutes drive from Copenhagen airport, the facility is split into two spaces – one for storing 60 tonnes of relief equipment and one for testing and training.

"We need space to store our relief equipment so we can act quickly when disaster strikes. It's absolutely key for us," said Anders Ladekari, president of Red Cross Denmark (left of picture). "It's a very welcome doubling of our warehouse capacity," he added.

In addition to providing free warehousing and logistics services, DSV will act as strategic partner to Red Cross Denmark and its 30 international partner countries. Support will include donations and logistics services as well as access to expertise and advice for both local and international events.

DSV Red Cross"For a while now, DSV has been looking for a global charity partner; and Red Cross was chosen, because we feel that we can help to make a difference doing what we do best – global transport and logistics," commented DSV CEO Jens Bjørn Andersen (right of picture). "Like DSV, Red Cross is an international organization, so we will be able to support Red Cross worldwide. We are looking very much forward to that."

Danish Red Cross head of International Affairs Birgitte Ebbesen said the organization was looking forward to having a professional logistics partner: "In Red Cross, we have a lot of experience with providing disaster and emergency relief, but we can't do much if we can't get our equipment and staff to the emergency area. We depend on being able to get there and acting quickly; this is something DSV can really help us with. It's a great plus for all of our projects."

DSV reported an operating profit of DKK3.47 billion on net revenue of DKK67.7 billion in 2016.

Net revenue in Q4 increased 39.8 percent to DKK17.6 billion mainly due to the acquisition of UTi Worldwide. DSV's Air & Sea division reported a 61.1 percent rise in revenue, the Road division 14.4 percent and the Solutions division 77.6 percent.

The company expects to spend an additional DKK500 million on UTi integration in 2017 and is forecasting an operating profit in the range of DKK4.2 to DKK4.5 billion for the year.

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