The growth in revenue and earnings in Q2 was mainly driven by expansion in the Mediterranean and higher passenger revenue. A reversal of the UK stockpiling in Q1 lowered freight revenue and earnings in Q2 for most activities linked to UK trade.
The exceptional uncertainty on the outcome of Brexit is currently reducing UK trade and visibility.
Therefore, expected revenue growth is lowered to 6-8% (previously: 10-12%) and EBITDA before special items is lowered 6% to a range of DKK 3.5-3.8bn (previously: DKK 3.8-4.0bn), (2018 restated to IFRS 16: DKK 3,589m).
Anne-Christine Ahrenkiel will join DFDS’ Executive Management team as the new EVP Chief People Officer.
DFDS’ main Brexit focus is now on informing small and medium sized companies about how they can and need to prepare for Brexit.