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).
Anne-Christine Ahrenkiel to be DFDS’ new Chief People Officer
Anne-Christine Ahrenkiel will join DFDS’ Executive Management team as the new EVP Chief People Officer.
DFDS continues Brexit preparations
DFDS’ main Brexit focus is now on informing small and medium sized companies about how they can and need to prepare for Brexit.