Managing through Covid-19

Q1 Report 2020
A photo from above of the new DFDS ro-pax vessel at sail

We are adapting operations to secure continued reliable and efficient transportation across Europe. With our strong network and experienced people, we are well positioned to meet both challenges and opportunities.

Q1 revenue of DKK 3.8bn

Q1 EBITDA of DKK 610m

Covid-19 lowered Q1 result

AGM to be held on 4 June

Outlook 2020

Due to the current exceptionally high uncertainty, the outlook and its assumptions may change significantly as the year progresses. EBITDA before special items for 2020 is likely to be reduced towards DKK 2bn. The outlook – that is significantly more uncertain than usual – builds on a number of assumptions of which key elements are freight volumes and the impact of travel restrictions on passenger route operations and volumes. The current suspension of passenger activity has a significant financial impact that may amount to up to around 60% of the potential decrease in EBITDA in 2020 compared to 2019.

DFDS’ first quarter results: Navigating through a pandemic

DFDS operational results for the first quarter 2020 were affected by the Covid-19 pandemic that impacted business from March and resulted in a drop in revenues of 1 per cent. Operational results were DKK 610 million, which is 10% down from the first quarter last year.

The DFDS share

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