Q1 2016 — DFDS RAISES OUTLOOK FOR 2016
All parts of DFDS’ route network and key logistics activities contributed to the best Q1 result so far as EBITDA increased by 77% to DKK 405m. It reflects the ongoing transformation of DFDS that our weakest quarter is now in black numbers.
9% revenue growth, adjusted
36% volume growth for freight and passengers on the Channel
EBITDA up by DKK 170m to DKK 157m
ROIC before special items increased to 15.3%
DFDS Outlook 2016
The full-year outlook for 2016 is raised following Q1 earnings above expectations and continued positive market trends on most routes in the network.
The Group’s revenue is still expected to increase by around 6%, excluding revenue from bunker surcharges.
The Group’s EBITDA before special items is now expected to increase to a range of DKK 2,300-2,500m compared to a range of DKK 2,100-2,300m previously (2015: DKK 2,041m).