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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.

2017 Q4 Dividend icon
Revenue up 10% in H1 2019
2017 Q3 Freight icon
EBITDA up 8% in H1 2019
Brexit icon
Exceptional uncertainty on Brexit reduces trade
5 percent down icon
EBITDA outlook for 2019 lowered 6%
Several DFDS Logistics trucks aligning to enter the Dover terminal

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).