Annual Report for the DFDS Group 2000 (SEA)

2000/2001 in Outline

• For the continuing business areas the turnover increased by 5.6% to DKK 4,358 million
• The operating result (EBITA) of DKK 50 million includes depreciation of DKK 102 million, on a few older ships, to be sold or phased out, and the result before tax and extraordinary items was DKK 44 million
• Due to high oil prices and less than expected improvement for NorBridge the result development was poorer than expected
• Income of DKK 96 million from Säker Pensions Partner (SPP) related to pension contribution for Swedish DFDS companies
• With the sale of DFDS Dan Transport for DKK 5.5 billion, DFDS focuses its activities on ro-ro liner traffic and passenger shipping in Northern Europe
• DFDS Travel sold on satisfactory terms
• Proceeds from the sale ensure financial capability for DFDS’ further development, as well as distribution of DKK 1.8 billion to the shareholders
• DFDS Tor Line’s third and final Italian newbuilding delivered and a new sailing schedule with daily departures initiated on AngloBridge
• DFDS Tor Line acquires ship from P&O Ferrymasters and strengthens cooperation on North Sea
• DFDS is negotiating with Lisco, primarily for acquisition of Lisco's ro-ro activities on the Baltic Sea
• DFDS Seaways expands capacity with new cruise-ferry ship in 2001
• DFDS expects an annual result before tax for 2001 of approximately DKK 175 million

DFDS’ Annual Meeting of Shareholders will take place on 18 April 2001 at 1600 hours at the Radisson SAS Falconer Center, Frederiksberg/Copenhagen. Notification will be sent out at the end of March 2001.The printed Annual Report and Accounts for 2000 is expected to be available on 4 April 2001.

Please read the full report