Due to higher revenue and earnings, DFDS’ half-year profit was better than expected. The figures also demonstrate that the many initiatives set in motion under the Go Forward plan have begun to show results.
Revenue for the first half of the year rose by 15% to DKK 4 billion, and pre-tax profit was DKK 181 million, a rise of 37%.
The operating profit (EBITDA), which is the result after adjustment for depreciation, interest rates and tax, rose by 27% to DKK 600 million.
The freight area benefited from a stable rate level with a rising tendency. Volumes rose by 4% after adjustment for activity changes. The area’s profit improvement was broadly based in Northern Europe.
The passenger area achieved a rise of 2% in passenger numbers and adjusted for route changes the rise was 3%. Measured per departure, passenger numbers increased by 7%.
The half-year results was as a whole satisfactory, and in addition DFDS’ equity ratio rose to 35%.
On this background, the full-year profit expectation was raised by 18% to a pre-tax profit of approximately DKK 500 million.
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For further information, contact CEO Niels Smedegaard, telephone +45 3342 3400, CFO Chr. Merrild, telephone +45 3342 3201, or COO Søren Jespersen, +45 3342 3140