Staying the transition course

Q3 Report 2025
DFDS vessel Ceuta is on full sea

We are launching a Cost Reduction Programme to accelerate our transition to a higher level of financial performance.

Key results

Revenue up 4% to DKK 8.3bn

EBIT reduced 32% to DKK 536m

Ferry emission intensity 2.7% lower

Financial leverage (NIBD/EBITDA) increased to 4.3x

Outlook 2025

The 2025 EBIT outlook is lowered to DKK 600-750m from previously DKK 800-1,000m driven mainly by uncertainties regarding the development in Q4 2025 for the Mediterranean ferry and logistics activities. In addition, the above outlook range will be reduced by the one-off programme cost of around DKK 100m.

Quote from our CEO

“We are initiating a cost reduction programme to accelerate our transition to a higher level of financial performance and to stay competitive in a changing market environment. Sadly, this means we have to reduce our workforce and part ways with valued and skilled colleagues,” says Torben Carlsen, CEO.

DFDS - A network connecting sea, road and rail

We operate a comprehensive transport network in and around Europe with 17,000 colleagues.

Learn more in this video.

2025 Q3 Report

See DFDS's quarterly report for the third quarter of the year 2025 and access other relevant links:

Q3 2025 Report (EN)

Q3 Report 2025 (DK)

Q3 Report 2025 (Excel file)

Conference call slides (PDF)

Conference call recording

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Explore our network

In this interactive map, you can explore what we do and learn more about the capabilities of our network – whether ferry routes and port terminals, logistics transport and solutions – or our efforts in Moving to green.

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