DFDS’ outlook for 2020 raised by higher freight volumes

Company announcement no. 21

• EBITDA outlook raised from DKK 2.2-2.5bn to DKK 2.5-.2.7bn for 2020
  
  
• Uncertainty remains very high and significant changes to outlook assumptions may still occur in the rest of the year.

DFDS’ outlook for 2020 has improved further as freight volumes in Q3 have developed more positively than expected. In most parts of DFDS’ freight network both the ferry and the logistics activities have performed above expectations.

The continued tightening of travel restrictions have, on the other hand, reduced the number of passengers in Q3 below expectations. Activity levels are expected to remain low in Q4.

The positive development for the freight activities has more than offset the lower performance of the passenger activities.

The outlook for freight volumes is expected to remain robust through Q4 and EBITDA before special items is therefore raised from DKK 2.2-2.5bn to DKK 2.5-2.7bn in 2020.

DFDS’ Q3 2020 interim report is as previously announced expected to be released on 12 November 2020.

Contact

Torben Carlsen, CEO [phone]

Karina Deacon, CFO [phone]

Søren Brøndholt Nielsen, IR [phone]

Gert Jakobsen, Communications [phone]

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

 

Attachment

• UK_OMX_NO_21_23_10_2020_Outlook