Another strong quarter for freight
With the effects of Brexit and the pandemic hopefully soon behind us, our focus increasingly turns to delivering on our long term growth ambitions.
Revenue down 6% to DKK 3.8bn
EBITDA on level with 2019
Free cash flow of DKK 444m
Financial leverage reduced
Interim Q4 2020 and Full-year Report
Outlook 2021
Uncertainty is elevated going into 2021 due to low visibility on the duration of travel restrictions linked to the pandemic. Longer term effects of Brexit have also yet to emerge. The acquisition of HSF Logistics Group is subject to regulatory approval but assumed consolidated from 1 May 2021.
On this background, revenue is expected to grow by 20-25% and EBITDA before special items is expected to be within a range of DKK 3.0-3.5bn (2020: DKK 2.7bn).
DFDS prevails through Brexit transition
The UK has left the EU. It means new processes and more paperwork for DFDS and its freight customers working between the UK and EU.
Sunny outlook in the Mediterranean
A tough 2020 is in the past for DFDS in Türkiye as 2021 sees growth picking up. Add to that an improved carbon footprint from cleaner ferries in the Med and the outlook is good.
DFDS’ direct Ireland – France ferry route
DFDS has a new freight ferry route between Ireland and France. It provides direct and paperless transport between EU countries. It is already popular, enjoying near 100% utilisation from day one.
The DFDS share
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