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.”

To contact the reporter on this story: Christian Wienberg in Copenhagen at cwienberg@bloomberg.net

To contact the editor responsible for this story: Tasneem Brogger at tbrogger@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.