Company Announcement No. 1170

Positive earnings growth amid volatile market conditions

Jens H. Lund, Group CEO: “The second quarter of the year remained challenging, characterised by geopolitical uncertainty and higher energy prices. Despite this environment, we delivered earnings growth, supported by the Schenker integration, our global network and the dedication of our employees. The performance in the Road division was below expectations due to operational challenges in certain markets, however recent management changes are expected to improve execution and results. With our new strategy “Leverage to Lead” and updated financial ambitions for 2030, we have set a clear direction to strengthen our market position and drive sustainable long-term growth through AI and technology, network optimisation and commercial excellence.”