DSV A/S (OTCPK

SDVF) Q1 2025 Earnings Conference Call April 30, 2025 5:30 AM ET Company Participants Jens Lund - Group CEO Michael Ebbe - Group CFO Conference Call Participants Dan Jensen - Carnegie Investment Bank Alex Irving - Bernstein Cristian Nedelcu - UBS Ulrik Bak - Danske Bank Lars Heindorff - Nordea Alexia Dogani - JPMorgan Jacob Lacks - Wolfe Research Muneeba Kayani - Bank of America Cedar Ekblom - Morgan Stanley Marc Zeck - Kepler Cheuvreux Marco Limite - Barclays Michael Aspinall - Jefferies Arthur Truslove - Citi Operator Ladies and gentlemen, welcome to the DSV Investor Conference Call related to Q1 2025 and completion of the acquisition of Schenker. I'm Carmen, the Chorus Call operator.