DFDS Q2 Result Lowered by Mediterranean Headwinds

August 22, 2025

Q2 2025

  • Revenue: DKK 7.8bn (+3%, organic –2%)
  • EBIT: DKK 163m (–69%)
  • Adjusted free cash flow: DKK 538m (–26%)
  • CO₂ ferry emission intensity: –4.1%

Outlook 2025

  • EBIT: DKK 0.8–1.0bn (previously ~DKK 1.0bn)
  • Revenue growth: ~5%
  • Adjusted free cash flow: ~DKK 1.0bn (unchanged)

CEO’s comments

  • Most of the network performed as expected.
  • Mediterranean remains the key earnings challenge.
  • Logistics Boost turnaround on track.
  • Türkiye & Europe South turnaround slower; breakeven may be delayed.

Geopolitics

  • New EU–USA trade deal sets a 15% tariff on EU exports to USA.
  • Short-term EU growth may be impacted.
  • Nearshoring expected to accelerate trade with Türkiye and Morocco, benefiting DFDS’s network.

Read the Q2 2025 interim report

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