Shares in Danish logistics group DSV fell 14.2% on Wednesday, wiping 57 billion kroner off its market value in a single session, marking the second-largest percentage decline in the company's history. The sell-off came even as DSV raised its full-year guidance and reported second-quarter revenue of 76.7 billion kroner, a 17.5% increase that beat analyst expectations of 73.5 billion.
The stock dropped more than 9% at the open before accelerating losses pushed it to a close down 14.2%. Operating profit rose to 6.3 billion kroner from 4.7 billion a year earlier, but investors focused on integration challenges in the road division following DSV's acquisition of DB Schenker in September 2024.
Chief executive Jens Lund acknowledged that conditions in the land transport market had been more painful than planned, damping sentiment despite the upbeat financial figures.