Annual Report 2004 (SEA)

Revenue rose by 9% to DKK 5,723 million
Pre-tax profit improved by 28% to DKK 201 million
ROIC improved to 6.0%
Significant profit improvement in DFDS Seaways.
Continued profit improvement and strengthening of market position in DFDS Tor Line.
DFDS expects a pre-tax profit for 2005 of approximately DKK 225 million.

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