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INTERIM FINANCIAL REPORT H1 2021 Company Announcement No. 900 Selected key figures and ratios for the period 1 January - 30 June 2021 ( DKKm ) Key figures and ratios Revenue Gross profit Operating profit ( EBIT ) before special items Profit after tax Adjusted earnings for the period Adjusted free cash flow Conversion ratio Diluted adjusted earnings per share of DKK 1 for the last 12 months ● Q2 2021 ● 37,831 8,333 3,571 2,527 2,580 42.9 % Q2 2020 Yours sincerely , DSV Panalpina A / S 28,782 7,386 2,613 1,390 1,838 Page 1 of 21 35.4 % DSV YTD 2021 71,447 16,118 6,638 4,856 4,970 2,817 41.2 % 37.1 Jens Bjørn Andersen , Group CEO : " We are proud to report strong results for the first six months of 2021 , where we deliver an EBIT result equivalent to our full - year EBIT of 2019. This is a clear testament to the successful integration of Panalpina and a strong performance by our organisation in an extraordinary market environment . The logistics markets continue to be characterised by tight capacity , congestion and low visibility , and we are doing our best to find solutions for our customers and keep their supply chains flowing . Contacts Investor Relations : Flemming Ole Nielsen , tel . +45 43 20 33 92 , flemming.o.nielsen@dsv.com Investor Relations : Mads Kristian Hofmeister , tel . +45 43 20 33 88 , madskristian.hofmeister@dsv.com Investor Relations : Daniela Veleva , tel . +45 43 20 33 87 , daniela.veleva@dsv.com Media : Maiken Riise Andersen , tel . +45 43 20 30 74 , maiken.r.andersen@dsv.com 29 July 2021 We still expect to close the Agility Global Integrated Logistics transaction in Q3 2021. The preparations for the integration are tracking the plans , and we look forward to combining the two global networks and creating an industry leader in logistics . " YTD 2020 Outlook for 2021 Based on the strong financial performance for the first six months of 2021 and a positive outlook for the remainder of the year , we upgrade the full - year outlook for 2021 as follows : 56,091 14,070 4,179 1,721 2,593 3,356 29.7 % 20.8 EBIT before special items is expected to be in the range of DKK 12,500 - 13,000 million ( previously DKK 11,750-12,500 million ) . The effective tax rate is expected to approximate 23 % ( unchanged ) . The financial outlook for 2021 is for DSV Panalpina stand - alone and excludes the impact from the acquisition of Agility's Global Integrated Logistics business . The financial outlook will be updated upon closing , which is expected in Q3 2021 . Share buyback A separate company announcement about the launch of a new share buyback programme of up to DKK 4,000 million will be issued today . The programme will run until 25 October 2021 or earlier if finalised . DSV Panalpina A / S , Hovedgaden 630 , 2640 Hedehusene , Denmark , tel . +45 43 20 30 40 , CVR No. 58233528 , www.dsv.com . DSV Panalpina Group We provide and manage supply chain solutions for thousands of companies every day - from the small family run business to the large global corporation . Our reach is global , yet our presence is local and close to our customers . More than 57,000 employees in more than 80 countries work passionately to deliver great customer experiences and high - quality services . Read more at www.dsv.com