DSV provided a precise update on the integration of DB Schenker: a significant portion of the work is already completed, with a projected timeline for finalization by the end of 2026. In parallel, the group is highlighting ambitious financial targets for the year, incorporating the impact of expected synergies.

But this transformation is accompanied by a particularly marked human aspect. DSV acknowledges a significant reduction in “white-collar” staff since the start of the integration, which confirms the classic logic of mega-mergers: mutualization, elimination of redundancies, organizational simplification. The discourse aims to reassure about the group’s ability to execute, while acknowledging that performance also requires deep restructuring.

For the market, the message is twofold: firstly, DSV wants to quickly prove the value creation of the Schenker operation; secondly, the battle will be fought on execution — operational integration, process convergence, and the ramp-up of synergies in the results. 2026 thus appears as the year of the turning point, with the full financial effect expected later.

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