DSV Rises as Danske Sees Market Share Gain: Copenhagen Mover
DSV A/S rose the most in almost two months in Copenhagen trading after Danske Bank A/S said the Nordic region’s biggest trucking company is winning market share.
DSV rose as much as 2.3 percent, the most since Dec. 20. The stock advanced 0.7 percent to 143.50 kroner at 1:59 p.m. in the Danish capital with trading volume at 161 percent of the three-month daily average.
DSV, which is due to publish earnings on Feb. 20, will report a 7.3 percent increase in fourth-quarter earnings before interest and tax, according to the average estimate in a Bloomberg survey of nine analysts. Danske said today it expects the Broendby, Denmark-based trucker to beat analyst estimates and repeated a recommendation that investors buy the share.
“Most customers continued the de-stocking trend during the quarter, which reduced volumes in the market,” Danske said. “However, DSV was able to capture market share and we expect positive year-on-year volume growth.”
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