2019: Growth held back by Brexit
We see continued headwind in 2020. Most importantly, we have to be cautious on the UK market outlook due to uncertainty about the Brexit outcome. On the positive side, our strategic initiatives are moving forward as planned and earnings are therefore still expected to grow in 2020.
Revenue up 6% to DKK 16.6bn
EBITDA up 1% to DKK 3.6bn
Profit before tax down 16% to DKK 1.5bn
EBITDA 2020 outlook of DKK 3.5-3.9bn
DFDS Outlook 2020
The key earnings driver of the 2020 outlook is a positive impact from the Win23 strategy initiatives while continued uncertainty about Brexit is expected to have a negative impact. Revenue is expected to grow around 4% and EBITDA before special items is expected to be within a range of DKK 3.5-3.9bn (2019: DKK 3.6bn).
Despite Brexit: DFDS’ Win23 Strategy set to create growth in 2020
Despite the Brexit uncertainty, DFDS has set the course towards a 4 % growth in revenues in 2020 driven by the initiatives introduced as part of the company’s Win23 strategy. Win23 will drive growth by focusing on initiatives in four strategic pillars .