Company Announcement No. 606


                                                                   4 August 2015



Selected financial and operating data for the period 1 January - 30 June 2015


(DKKm)                                              Q2      Q2      YTD      YTD
                                                  2015    2014     2015     2014
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Net revenue                                     13,127  12,162   25,728   23,764
Gross profit                                     2,887   2,608    5,569    5,073
Operating profit before special items              809     701    1,450    1,247
Operating margin                                  6.2%    5.8%     5.6%     5.2%
Conversion ratio                                 28.0%   26.9%    26.0%    24.6%
Profit before tax                                  710     626    1,279      787
Adjusted earnings for the period                   560     493    1,014      866
Adjusted free cash flow                                           1,192      760
Diluted adjusted earnings per share of DKK 1      3.27    2.83     5.93     4.92
 for the period                                                                 
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Jens Bjørn Andersen, CEO: “We maintained the positive growth trend in both
number of shipments and earnings in all our business areas in the second
quarter of 2015. Our Air & Sea Division reports a remarkable 26% earnings
growth, and after a solid first six months of the year we now raise our
full-year performance forecast for 2015.” 

The consolidated full-year outlook for 2015 previously announced is raised as
follows: 

  -- Gross profit is expected to be in the range of DKK 10,900-11,200 million
     (previously DKK 10,500-10,900 million)
  -- Operating profit before special items (EBITA) is expected to be in the
     range of DKK 2,850-3,000 million (previously DKK 2,700-2,900 million)
  -- Free cash flow before any acquisition or divestment of enterprises is
     expected to approximate DKK 2,100 million (previously DKK 2,000 million)

All other expectations for the full-year performance are unchanged.

A separate company announcement about the launch of a new share buyback
programme of DKK 600 million will be issued today. 

Inquiries relating to the Interim Financial Report may be addressed to:

Jens Bjørn Andersen, CEO, tel. +45 43 20 30 40
Jens H. Lund, CFO, tel. +45 43 20 30 40
Flemming Ole Nielsen, Director Investor Relations, tel. +45 43 20 33 92 or by
email to investor@dsv.com 

This announcement is available at www.dsv.com. The announcement has been
prepared in Danish and in English. In the event of discrepancies, the Danish
version shall apply. 



Yours sincerely,
DSV A/S