Tag: 2021 | Page 3 | Ferry Shipping News

May 13

2

DFDS Q1: 2021 Off To A Good Start

By sandra | 2021 Newsletter week 19 | No Comments

Fast recovery from Brexit transition
Mediterranean continued its progress
Passenger services remained restricted
EBITDA increased 23% to DKK 750m

Outlook 2021

The EBITDA outlook for 2021 was raised following stronger than expected freight results for most business units.
Uncertainty remains high and significant changes to outlook assumptions may still occur in the rest of the

Freight

During Q1 trade between the EU and UK stabilised faster than expected. Earnings in 2021 for UK-linked activities are therefore no longer expected to be below 2020.
The Mediterranean business unit improved earnings more than expected in Q1 and the positive earnings trend is expected to continue.
In the Baltic region, freight ferry capacity in the market is still expected to increase compared to 2020.
Irish Ferries has announced a plan to deploy ropax(es) between Dover and Calais in June 2021.

Passenger

The EBITDA for passenger services was reduced by around DKK 1bn in 2020 due to travel restrictions imposed to limit the spread of Covid-19. It is assumed that around 25%, compared to previously around 40%, of the decrease in 2020 is regained in 2021 as travel restrictions are now expected to be eased later in The high season for ferry travel is Q3 and the outlook is thus especially sensitive to the scope of restrictions in this quarter.

Revenue outlook

The Group’s revenue is still expected to increase by 20-25% compared to 2020. The main growth drivers are the addition of HSF Logistics Group, the opening of the new route between Ireland and France and an increase in passenger volumes.

Access the Q1 Report (PDF)

Apr 29

2

DFDS’ 2021 Outlook Raised After Stronger Start Of The Year

By sandra | 2021 Newsletter week 17 | No Comments

EBITDA outlook raised from DKK 3.0-3.5bn to DKK 3.2-3.6bn for 2021
Reason: stronger than expected freight results in most business units. There was as anticipated a considerable slowdown in volumes linked to the UK in January following the UK stockbuilding in Q4 2020. Since then, volumes have recovered faster than expected.
Uncertainty remains high and significant changes to outlook assumptions may still occur in the rest of the year.

Mar 11

11

DFDS: February Freight Up 4.5% As UK-EU Trade Begins To Stabilize

By sandra | 2021 Newsletter week 10 | No Comments

Freight:

Total volumes in February 2021 were 4.5% above 2020.
Volumes for routes calling the UK were up 4%.
North Sea volumes were above 2020 driven by added capacity and continued stabilisation of trade between the UK and the EU, particularly for UK imports.
Lower UK exports increased the number of empty trailers coming back to the EU.
Volumes on the English Channel were likewise above 2020.
Volumes on the new route between Ireland and France continued to be ahead of expectations.
Baltic Sea volumes were above 2020 adjusted for the closure of the Paldiski-Hanko route. Mediterranean volumes were above 2020 in all main corridors.

Passenger:

Total number of passengers in February 2021 was 92% below 2020.
The decrease reflects a continued negative impact from travel restrictions related to Covid-19 on the two cruise ferry routes, of which Oslo-Frederikshavn-Copenhagen was suspended in February, and the Channel.
In the Baltic Sea, passenger numbers were somewhat below 2020.