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Logistics activities in Belfast restructured
18 October, 2017
DFDS' logistics activities based in Belfast have been restructured to focus operations and improve the return on invested capital.
The growth and financial performance of the door-door reefer line-haul business between Ireland and Great Britain have in recent years not met expectations and have been lossmaking in 2017.
The reefer line-haul business will therefore be taken over by Manfreight Ltd. effective from 1 November 2017, including more than 100 employees.
The total annual revenue of activities included in the restructuring is around DKK 250m. The restructuring will result in an accounting loss in 2017 of around DKK 10m
Going forward the focus will be on door-door trailer solutions for ambient cargo, mainly covering Northern Ireland and England/Scotland and contract logistics for major retailers.
The restructuring is expected to lead to an improvement of earnings for the activities based in Belfast in 2018.