Q3 2018: Outlook above DKK 3bn reaffirmed
We are pleased to reaffirm our full-year outlook for an EBITDA above DKK 3bn, more than 10% up from last year. Our new Mediterranean freight routes are performing as expected when acquired in April. In northern Europe, however, businesses and consumers require clarity on Brexit for growth to continue.
Revenue up 12% to DKK 4.4bn
EBITDA up 7% to DKK 1.0bn
Mediterranean in line with expectations
Brexit uncertainty lowers freight volumes
DFDS Outlook 2018
European growth is still expected to be positive but at a lower level than previously foreseen, meanwhile the UK economy continues to be exposed to the uncertainty of Brexit.
The Group’s revenue is expected to increase by around 10% in 2018. The outlook range for EBITDA before special items has due to the slowdown in European growth been narrowed to DKK 3,000-3,100m (2017: DKK 2,702m) from previously DKK 3,000-3,200m.
Investments for 2018 have been lowered by DKK 300m to DKK 4.7bn.
Your car may be Turkish
Robust trade. The country’s size and the nature of Turkish – EU trade relations are fuelling Turkish growth ambitions – and DFDS’ growth ambitions – benefiting economies and jobs on both sides.