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INTERIM FINANCIAL REPORT Q3 2021 Company Announcement No. 924 Selected key figures and ratios for the period 1 January - 30 September 2021 ( DKKm ) Q3 2021 Key figures and ratios Revenue Gross profit Operating profit ( EBIT ) before special items Special items , costs 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 49,557 9,823 4,472 154 3,161 3,331 45.5 % Q3 2020 Yours sincerely , DSV A / S 28,125 7,252 2,725 453 1,337 Page 1 of 22 1,746 Contacts Investor Relations : Flemming Ole Nielsen , tel . +45 43 20 33 92 , flemming.o.nielsen@dsv.com Media : Maiken Riise Andersen , tel . +45 43 20 30 74 , maiken.r.andersen@dsv.com DSV 37.6 % 26 October 202 YTD 2021 EBIT before special items is expected to be in the range of DKK 15,250-16,000 million The effective tax rate is expected to be approximately 23 % Transaction and integration costs ( special items ) is expected to be in the level of DKK 500 million in 2021 Synergies and integration costs 121,004 25,941 11,110 154 8,017 8,301 3,718 42.8 % 43.9 YTD 2020 Jens Bjørn Andersen , Group CEO : " In August , we completed the acquisition of Agility's Global Integrated Logistics business and took over a well - run company and were joined by a team of skilled new colleagues . The integration is off to a good start , and in the coming period our two organisations will be merged into one . The transport markets continue to be characterised by disruption and imbalances causing extraordinary challenges for both our customers and us . Under the extraordinary market conditions , we are happy to report solid results across all divisions . " 84,216 21,322 6,904 Outlook for 2021 On 11 October 2021 , we pre - released the Q3 2021 numbers and upgraded the outlook for 2021. The guidance for 2021 is reiterated and the expected special items regarding the integration are added : 1,479 3,058 Once fully integrated , Agility's Global Integrated Logistics business is expected to contribute approximately DKK 3,000 million ( previously 2,800 million ) to the combined EBIT before special items on an annual basis . The integration is expected to be completed by the end of Q3 2022 and the full - year EBIT effect is expected in 2023. The estimated EBIT impact includes the underlying result in Agility GIL and synergies from the consolidation of operations , logistics facilities , back - office functions and IT infrastructure . 4,339 5,674 32.4 % 21.7 Around 30 % of the EBIT contribution is expected to impact the income statement in 2021 , around 85 % in 2022 and 100 % in 2023. Total transaction and integration costs are expected in the level of DKK 1,500 million . These costs will be charged to the income statement under special items . We expect that approximately DKK 500 million of the special items ( transaction and integration costs ) will materialise in 2021 and the rest in 2022 . Share buyback A separate company announcement about the launch of a new share buyback programme of up to DKK 5,000 million will be issued today . The programme will run until 8 February 2022 or earlier if finalised . DSV A / S , Hovedgaden 630 , 2640 Hedehusene , Denmark , tel . +45 43 20 30 40 , CVR No. 58233528 , www.dsv.com . DSV 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 . 75,000 employees in more than 90 countries work passionately to deliver great customer experiences and high - quality services . Read more at www.dsv.com