Promising Year Start for DFDS

Danish shipping and logistics company DFDS has raised its outlook for 2016 having beaten previous expectations for the first quarter of 2016 amid positive market trends on most routes in the network.

Specifically, the revenue is expected to increase by 6 percent, excluding surcharges, as revenue growth above expectations in the shipping division is offset by lower revenue growth in the logistics division due to reduced fuel surcharges and depreciation of the British pound, says the company in its Q1 report.

The group’s EBITDA before special items is now expected to increase to a range of DKK 2,300-2,500m compared to a range of previously DKK 2,100-2,300m.

In the first quarter of 2016, the company’s revenue went up by 6 percent to DKK 3.1 billion (around USD 0.5 bn) and by 9 percent excluding revenue from bunker surcharges, an increase of 5.5 percent compared to 2015.

The profit before tax for Q1 was DKK 157 million, an improvement of DKK 173 million. The profit after tax was DKK 143 million (USD 22.01 millon).

DFDS’ EBITDA increased by 77 percent to DKK 405 million driven by higher earnings in the company’s shipping division.

DFDS said that its route network carried 19 percent higher freight volumes and 25 percent more passengers in Q1. Channel’s volume growth of 36 percent for both freight and passengers was a main driver of the growth following a significant capacity increase on Dover-Calais in Q1.

“All parts of DFDS’ route network and key logistics activities contributed to the best Q1 result so far. It reflects the ongoing transformation of DFDS that our weakest quarter is now in black numbers,” Niels Smedegaard, DFDS’ CEO comments.

In Q1, DFDS deployed two new Channel ferries on the Dover-Calais route. The ferries were renovated and upgraded and DFDS now operates a total of six ferries out of Dover to Calais and Dunkirk respectively, with three ferries on each route.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

The 5th CWC China LNG & Gas International Summit

Gain Access to Global LNG & Gas Decision Makers in China

Take a peek inside our 2019 Introductory Brochure and stay on top of this rapidly developing market.

See who is already working with us this year as Speakers, Sponsors and Partners – download your Preview Brochure today and meet them in Beijing on 15-16 October 2019.

As the world’s second largest LNG importer, China will remain the biggest contributor to global LNG demand growth in the foreseeable future. Network with global LNG & gas decision makers, buyers, NOCs and Government Officials at the industry’s leading international event in China.

More info

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >