DFDS: 2024 Preliminary Results, 2025 Preliminary Outlook & Financial Ambitions

By 28 January 20252025 Newsletter week 04
January 28, 2025

Preliminary results for 2024     

  • DFDS’ revenue for 2024 increased 9.0% to DKK 29.8bn which was in line with the latest outlook revenue growth range of 8-10%.
  • The 2024 EBIT was DKK 1.5bn in line with the latest EBIT outlook range of DKK 1.5-1.7bn.
  • The adjusted free cash flow for 2024 was DKK 1.0bn compared to an outlook of around DKK 1.2bn.

Preliminary outlook for 2025

  • DFDS’ EBIT for 2025 is expected to be around DKK 1.0bn.
  • The EBIT expectation includes substantial negative earnings impacts from the changed competitive environment of the Mediterranean ferry network. The addition of the Türkiye & Europe South business area (previously Ekol International Transport) to the Logistics Division will as expected also reduce EBIT in 2025.

DFDS will in 2025 focus on:

  • Adapting Mediterranean ferry operations to the changed competitive environment.
  • Turning Türkiye & Europe South around to breakeven by year-end 2025.
  • Progressing the Logistics turnarounds initiated in 2024.
  • Deleveraging the capital structure will also be a priority in 2025 along with a review of non-core asset ownership.

The annual report for 2024 is set for release on 21 February.