- Revenue: DKK 7.4bn (-2%)
- EBIT: DKK 33m (up DKK 150m; underlying +DKK 262m)
- EBITDA: DKK 799m (+7%)
- Adjusted free cash flow: DKK 300m (+22%)
- CO₂e emissions (own fleet): +2.9%
- Ferry Division improved, driven by Mediterranean freight
- Logistics Division strengthened by Continent and Nordic units
- Five of six turning point actions delivered earnings improvements
- Oil price volatility from Iran/Gulf tensions creates cost risk; no volume impact yet
- Financial leverage improved to 3.9x (target <4.0x in 2026)
- 2026 outlook unchanged: revenue flat; EBIT DKK 1.0–1.4bn
- Adjusted free cash flow outlook upgraded to above DKK 250m
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