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Q2 2017 STEADY PROGRESS
Q2 2017 STEADY PROGRESS
We are pleased with our steady progress and remain on track to improve on the record result of last year. The activity in our route and logistics network reflects Europe’s growth and prospects for continued growth in the key UK market remain positive.
6% freight volume growth in the North Sea
2% revenue growth, adjusted
EBIDTA up 14% to DKK 498m
ROIC before special items of 18.1%
Q2 2017 Results
DFDS Outlook 2017
The planned extraordinary dividend of DKK 5.00 per share is raised to DKK 7.00. Moreover, a new share buyback of DKK 300m is launched. The raised dividend and new buyback increases the expected total distribution in 2017 to DKK 1.7bn from previously DKK 1.3bn.
The Group’s expected revenue growth for 2017 is around 4%, excluding revenue from bunker surcharges. The range for EBITDA before special items is unchanged at DKK 2,600-2,800m (2016: DKK 2,588m).
Trade across the North Sea continues to grow
In spite of the ongoing Brexit discussion, DFDS continued to increase its volumes on the North Sea freight routes to and from the UK. Continued growth in the UK and EU economies is good news for all.