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DSV to buy back more shares next quarter if no M&A -CFO
February 20, 2013 / 8:16 AM / 5 years ago

DSV to buy back more shares next quarter if no M&A -CFO

COPENHAGEN, Feb 20 (Reuters) - Danish freight forwarder DSV will launch a new share buyback programme next quarter unless the company spends the money on new acquisitions, its chief financial officer Jens Lund said on Wednesday.

The company said earlier that a weaker global economy was hurting its freight volumes more than previously expected, and gave a profit outlook below most analysts’ expectations. (Reporting by Copenhagen Newsroom; Editing by Mark Potter and Jane Merriman)

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