November 25, 2021

DFDS revealed in its latest Q3 interim report that revenue increased 22% to DKK 4.4bn driven by higher freight activity in most business units. (see also last newsletter)

The increase in the freight ferry result was primarily due to high growth in the Mediterranean.

As for the Mediterranean business unit, Q3 freight volumes increased 12.2% adjusted for the opening of a new route between Turkey (Izmir) and Spain (Tarragona).

The increase reflects high growth in Turkish exports to Europe with support from depreciation of the Turkish lira. Capacity was expanded in the route network to accommodate the growth, especially between Italy and Turkey.

Q3 EBITDA (Mediterranean) increased 47% to DKK 276m driven by the higher volumes and stable cost levels as well as better results for the port terminal and rail activities.

DFDS transported
3,685,000 lane metres
in the Med in the first 9 months of 2021