Q1 2019: First quarter on track
North Sea achieved strong result
Revenue increases 11% to DKK 3.9bn
EBITDA increases 13% to DKK 677m
First new freight ferry delivered and deployed
Highlights Q1 2019
- Highlights Q1 2019
- North Sea achieved strong result
- Fast Mediterranean ramp-up delivers growth but at reduced margins
- One-off impacts from Easter timing on passengers and additional vessel costs in Baltic
Outlook 2019 unchanged
- 10-12% revenue growth
- EBITDA-range of DKK 3.8-4.0bn (2018: DKK 3.6bn, restated)
DFDS enters long term agreement with Stora Enso and opens new route
DFDS to transport 700,000 tons of paper annually for paper producer Stora Enso on a new route between Gothenburg and Zeebrugge. DFDS will acquire two freight ferries for the service. The contract runs for a minimum of five years. DFDS will increase weekly departures between Sweden and Belgium from 8 to 12.
Brexit stockpiling created temporary volumes peak on DFDS' ferry routes
In a freight market as huge as in the one to and from the UK, a volume jump of ten per cent from month to month is very unusual. However, due to Brexit, this is what happened on DFDS North Sea and English Channel routes on average during March.
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