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Q2 2019: Growth continues but Brexit lowers pace
Q2 2019: Growth continues but Brexit lowers pace
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.
Revenue up 10% in H1 2019
EBITDA up 8% in H1 2019
Exceptional uncertainty on Brexit reduces trade
EBITDA outlook for 2019 lowered 6%
DFDS Outlook 2019
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).