Q3 2017 - ON TRACK FOR RECORD RESULT
We are pleased to confirm our outlook for a result in 2017 above last year’s record driven by higher freight earnings. The wheels are turning faster in Europe and many of our freight customers plan to expand their activities in 2018. We aim to support their growth and enhance our services through new digital solutions.
3% revenue growth, adjusted
8% volume growth in North Sea
EBITDA of DKK 976m
ROIC before special items of 18.1%
DFDS Outlook 2017
The Group’s revenue growth for 2017 is now expected to be around 3% compared to previously around 4%, excluding revenue from bunker surcharges.
The range for EBITDA before special items is narrowed to DKK 2,650-2,750m (2016: DKK 2,588m) from previously DKK 2,600-2,800m.
Distribution to shareholders
At the end of Q3, DKK 1.5bn had been distributed to shareholders, out of an expected DKK 1.7bn for the full year, through dividends of DKK 556m and share buybacks of DKK 942m. In total, an increase of 39% compared to the same period in 2016.
The DFDS share
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DFDS NORTH SEA VOLUMES GREW NEARLY 8 PERCENT FROM 2016 TO 2017
Trade report from the UK Government shows that trade in general between the EU and the UK continues to grow. Exports from the UK increased by more than 8% from Q3 of 2016 to Q3 of 2017.