February 11, 2021
DFDS Ends 2020 With Another Strong Freight Quarter
- In Q4, the DFDS’ freight earnings were boosted by UK stockbuilding and the improved performance of the Mediterranean route network.
- On the passenger side, Covid-19 restrictions continued to affect the business.
Q4 Results (DKK million)
-6.2% Revenue 3,761 (4,008)
-0.2% EBITDA before special items 769 (771)
12.5% EBIT before special items 289 (257)
-23.4% Profit before tax 97 (126)
Full Year Results (DKK million)
-15.8% Revenue 13,971 (16,592)
-24.8% EBITDA before special items 2,732(3,633)
-51.0% EBIT before special items 858 (1,751)
-66.0% Profit before tax 466 (1,371)
Outlook 2021
- Revenue is expected to grow by 20-25% and EBITDA before special items is expected to be within a range of DKK 3.0-3.5bn (2020: DKK 2.7bn).
- Uncertainty: duration of travel restrictions and longer-term effects of Brexit.
- The acquisition of HSF Logistics Group is subject to regulatory approval but assumed consolidated from 1 May 2021.
