Solid growth in freight volumes
The freight activities delivered strong results in Q2, also compared to 2019. Not least the Mediterranean route network continues to do well. We look forward to welcoming passengers back once travel restrictions are eased and uncertainty reduced.
Mediterranean continued strong performance
Passenger volumes impacted by travel restrictions
ESG reporting expanded
Q2 EBITDA increased 77% to DKK 897m
Outlook 2021
The outlook for freight activities remains positive while passenger travel is picking up slower than expected. Consolidation of earnings from the HSF Logistics Group is now expected in September 2021. Revenue is still expected to grow 20-25%. The range for EBITDA before special items is unchanged DKK 3.2-3.6bn (2020: DKK 2.7bn) compared to the upgrade on 23 April 2021.
Environmental, Social, and Governance actions now reported quarterly
Data includes CO2 emissions, energy consumption, safety at sea and on land, and representation of women in the company. Each executive management team member has been assigned responsibility for one or more ESG goals.
Trade between EU and Türkiye keeps our Mediterranean network busy
Starting at the end of 2020, trade between EU and Türkiye has increased supported by depreciation of the Turkish Lira. High trade levels keep colleagues happy and busy as the Turkish economy is expected to continue its growth.
Q2 2021 financials
Financial key figures for Q2 2021 are available in the table. The significant growth in revenue and earnings is to a large extent due to the lockdowns in 2020.
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