Both growth and earnings were ahead of expectations in Q1 and our full-year growth expectation is now raised to 4% and to 10% including U.N. Ro-Ro. European growth is robust and continues to support our ferry routes and logistics activities.
The Group’s revenue, excluding U.N. Ro-Ro, is now expected to increase by around 4% in 2018 up from previously 2%. The increase is due to higher activity for both ferry routes and logistics activities. The Group’s revenue, including U.N. Ro-Ro, is expected to increase by around 10% in 2018.
The outlook range for EBITDA before special items was DKK 2,650-2,850m before U.N. Ro-Ro. Including U.N. Ro-Ro, the outlook range for EBITDA before special items is DKK 3,000-3,200m (2017: DKK 2,702m).
RDF – residue-derived fuel – is waste that has been processed and packed in bales so it can be used as fuel in power plants.