Q2 2024 DSV A/S Earnings Call Transcript
Key Points
- DSV AS (DSDVF) has seen increased activities and multi-client facilities, indicating a potential for higher volume sites.
- The company has invested in physical infrastructure, digitization, and AI, which are expected to enhance operational efficiencies.
- There is a balanced situation between demand and supply in the market, suggesting stability.
- DSV AS (DSDVF) has a good outlook for producing additional volumes, particularly in ocean freight.
- The company has a healthy development on its existing portfolio and is successfully acquiring new accounts.
- Inventory levels are down, and activity levels are not booming, indicating potential challenges in maintaining growth.
- The market is highly competitive, which may impact the company's ability to increase conversion rates.
- Inflation is not fully accounted for in the company's projections, which could affect operational costs.
- The road transport market is tough, with prices being driven down, requiring significant volume growth to maintain profitability.
- The efficiency program's full impact will not be realized until next year, indicating a delay in seeing the benefits.
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(Absent audio) So I think this is what we can say when it comes to sort of movement but increased activities, multi-client facilities, is that something that will continue at more volume? Of course, we have to say we have to add more volume sites. So that's can we are driving. So I would say that be the case. Of course, you have seen our inventory levels. They are a little bit down and also the activity levels, they are not really that they are okay, but it's not like it's booming.
Okay, thank you. The next question is from what I need from Bank of America. Please go ahead.
Your line will now be unmuted. Good morning. At the first question around your costs and operational efficiencies. I want to understand why did you decide to launch seems to be value and improve F-RAM? I guess you about that actually using the restructuring volumes.
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