DFDS A/S

February volume report: Freight up 4.5% as UK-EU trade begins to stabilise

Investor news no. 12/2021

DFDS reports monthly ferry volumes for freight and passengers to provide additional insight into the development of volume trends in DFDS’ European route network.

DFDS ferry volumes
	February				LTM*
Freight	2020	2021	Change		2020-19	2021-20	Change
Lane metres, '000	3,290	3,440	4.5%		41,104	40,639	-1.1%
Passenger	2020	2021	Change		2020-19	2021-20	Change
Passengers, '000	238	20	-91.6%		5,126	1,089	-78.8%
*Last twelve months

Ferry – freight: Total volumes in February 2021 were 4.5% above 2020. Net adjustments for structural route changes reduced growth by 0.6 ppt to 3.9%. Volumes for routes calling the UK were up 4%.

North Sea volumes were above 2020 driven by added capacity and continued stabilisation of trade between the UK and the EU, particularly for UK imports. Lower UK exports increased the number of empty trailers coming back to the EU. Volumes on the English Channel were likewise above 2020. Volumes on the new route between Ireland and France continued to be ahead of expectations. Baltic Sea volumes were above 2020 adjusted for the closure of the Paldiski-Hanko route. Mediterranean volumes were above 2020 in all main corridors.

Ferry – passenger: Total number of passengers in February 2021 was 92% below 2020. The decrease reflects a continued negative impact from travel restrictions related to Covid-19 on the two cruise ferry routes, of which Oslo-Frederikshavn-Copenhagen was suspended in February, and the Channel. In the Baltic Sea, passenger numbers were somewhat below 2020.

DFDS’ ferry routes enable trade and travel in and around Europe. Click on the link to see a map of the entire network.

The March volume report is expected to be published on 13 April 2021. 

Contact

Torben Carlsen, CEO, [phone]

Karina Deacon, CFO, [phone]

Søren Brøndholt Nielsen, IR, [phone]

Nicole Seroff, Communications, [phone]

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

Attachment

• UK_OMX_NO_12_11_03_2021_February_Volume_report