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Copenhagen, August 17, 2017

TRADE ACROSS THE NORTH SEA CONTINUES TO GROW

In spite of the ongoing Brexit discussion, DFDS continued to increase its volumes on the North Sea freight routes to and from the UK. Continued growth in the UK and EU economies is good news for all.

DFDS' recently published Q2 results were the best ever recorded in the company and this was among other things due to a very positive development in trade across the North Sea.

DFDS CEO Niels Smedegaard

DFDS' routes carried 6% more trailers between ports in Norway, Sweden, Denmark, the Netherlands and Belgium and ports in the UK. "The UK is our largest freight market, and we are encouraged by the positive development which we have seen year-on-year in spite of the discussion about possible Brexit effects," says Niels Smedegaard.

The Bank of England expects the UK economy to grow by 1.6% in 2017, and UK export volumes have picked up since the British pound (GBP) depreciated after the Brexit vote in June 2016. "As we are also seeing positive developments in the EU economies as a whole, we are confident about the future. This is good news and supports our plan of deploying larger and more environmentally friendly ships on our North Sea routes in 2019 and 2020," says Niels Smedegaard.

"It is also good news for the customers, manufacturers, exporters and transport companies we serve. Continued growth in trade will enable them to grow or maintain their activities and the many jobs they create," he says.

Truck DFDS vessel

DFDS also welcomes the UK Government's recent initiative to maintain the free flow of goods through continuing the current flexible customs control between the UK and the EU after Brexit. "This is in line with our expectations that all parties will be interested in protecting trade for the benefit of growth and jobs in the countries involved, and we hope the proposal will pave the way for a positive agreement," says Niels Smedegaard.