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    DSV   DK0060079531

DSV PANALPINA A/S

(DSV)
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DSV Panalpina A/S : becomes DSV A/S

09/08/2021 | 07:12am EDT
DSV Panalpina A/S becomes DSV A/S

With effect from today, DSV Panalpina A/S' name is changed to DSV A/S. The decision to return to the previous name of the global transport company was approved by DSV A/S' shareholders at an extraordinary general meeting on Wednesday 8 September.

08-09-2021

With effect from today, DSV Panalpina A/S' name is changed to DSV A/S. The decision to return to the previous name of the global transport company was approved by DSV A/S' shareholders at an extraordinary general meeting on Wednesday 8 September.

Since 2019, DSV Panalpina A/S has been the name of the parent company of the global transport and logistics company but with effect from today, the company's shareholders have approved a name change proposal by the Board of Directors to return to the previous name of the parent entity - DSV A/S.

The decision was made at an extraordinary general meeting hosted by DSV earlier today at the headquarters in Hedehusene near Copenhagen, Denmark.

With the DKK 30 billion acquisition of Agility's Global Integrated Logistics business (GIL), which was finalised on August 16, 2021, DSV will undergo its most significant change of the business since the acquisition of Panalpina in 2019. With this change, the timing is right to change the name of the parent entity back to DSV A/S and secure brand consistency across all markets and operations.


A new member of the Board of Directors of DSV
As part of the all-share acquisition of GIL, in which Agility Warehousing Company KSCP (Agility) has become a large shareholder of DSV, it was decided to nominate a representative from Agility to the Board of Directors. At today's extraordinary general meeting, Tarek Sultan Al-Essa was elected as proposed by the Board of Directors.

Tarek Sultan is currently the Vice Chairman of Agility and at the same time, he holds positions as a member of the Board of Trustees, Kuwait's Silk City and Boubyan Island Development Project.

A very warm welcome to the Board of Directors of DSV to Tarek Sultan Al-Essa.


ESGs to be included in performance targets
At the extraordinary general meeting, the shareholders also adopted a proposal from the Board of Directors to amend the company's remuneration policy by including environmental, social, and governance (ESG) criteria for granting stock options to the Executive Board.

At the meeting, Chairman of the Board of Directors, Thomas Plenborg, noted that this change to the remuneration policy is a clear reflection of DSV's wish to increase focus on sustainability and ESG.

Read more about the extraordinary general meeting here: https://investor.dsv.com/news-...

Disclaimer

DSV Panalpina A/S published this content on 08 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2021 11:11:03 UTC.


© Publicnow 2021
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Sales 2021 153 B 24 008 M 24 008 M
Net income 2021 10 715 M 1 678 M 1 678 M
Net Debt 2021 21 808 M 3 415 M 3 415 M
P/E ratio 2021 33,3x
Yield 2021 0,45%
Capitalization 367 B 57 370 M 57 449 M
EV / Sales 2021 2,54x
EV / Sales 2022 2,32x
Nbr of Employees 59 871
Free-Float 80,9%
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 1 550,00 DKK
Average target price 1 646,71 DKK
Spread / Average Target 6,24%
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Managers and Directors
Jens Bjørn Andersen Chief Executive Officer
Jens Hesselberg Lund Chief Financial Officer
Thomas Stig Plenborg Chairman
Jesper Riis Group Chief Information Officer
Annette Krumhardt Sadolin Independent Director
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