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Mar 17
0

DFDS February volumes: freight lower as expected, continued passenger growth

By | 2023 Newsletter week 11 | No Comments

Ferry – freight:

  • Total volumes in February 2023 were 8.6% below 2022. Volumes were 5.8% below 2022 adjusted for Channel that is impacted by a market decrease and overcapacity.
  • North Sea volumes were just below last year due to some slowdown in volumes to and from the UK.
  • Mediterranean volumes were likewise just below last year as the earthquake in Turkey lowered flows for some weeks.
  • Channel volumes were below last year due to a continued market decrease and a negative impact from the entry of a third ferry operator.
  • Baltic Sea volumes remained negatively impacted by the war in Ukraine.
  • For the last twelve months 2023-22, the total transported freight lane metres decreased 4.7% to 41.3m from 43.3m in 2022-21. The decrease was 2.3% adjusted for Channel.

Ferry – passenger:

  • The number of passengers continued to recover and more than doubled to 211k equal to 89% of volumes in February 2019, the latest comparable month pre-Covid-19. The number of cars equalled 85% of volumes in 2019.
  • For the last twelve months 2023-22, the total number of passengers was 4.0m compared to 1.0m in 2022-21 and 5.1m in 2019.
Mar 10
0

ICG returns to profit in 2022

By | 2023 Newsletter week 10 | No Comments

Irish Ferries’ owner Irish Continental Group (ICG) returned to the black in 2022 with an operating profit of EUR 66.7 million (EUR 0.2 million loss in 2021).

The Ferry Division operating profit was EUR 46.4 million (EUR 17.4 million loss in 2021).  This includes charter revenue of EUR 17.2 million (2021: EUR 8.1 million).

  • Passenger, car and on-board revenue up 175.8% to EUR 162.7 million.
  • RoRo freight revenue up 95.2% to EUR 184.7 million.
  • Operating costs increased by 99.7% to EUR 304.2 million.
  • Company is confident of growth in 2023 despite global economic situation.
  • Dover – Calais route has met market share targets ahead of schedule and company has confidence in passenger carrying growth.
  • Traffic showing ongoing trend of returning from Ireland – EU routes to the Irish Sea landbridge.
  • Duty free sales performed in line with expectations on the Irish Sea, however the opportunity for increasing income exists, especially on the Channel.

2023 performance to date was also shared.

To access the reports click below

Feb 10
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DFDS Q4 and full-year 2022 interim report: significant growth delivered

By | 2023 Newsletter week 6 | No Comments
  • Q4 revenue increased 17% to DKK 6.5bn driven by the continued recovery in passenger numbers and spending, as well as price increases for freight services to cover rising energy and other costs.
  • Q4 EBITDA before special items increased 18% to DKK 1,084m.
  • The EBITDA for freight ferry and logistics activities increased 5% to DKK 987m driven by higher logistics earnings as the freight ferry result was at the same level as 2021.
  • The Q4 EBITDA for passenger activities in the Channel, Baltic Sea, and Passenger business units increased to DKK 97m from DKK -20m in 2021.
  • The Q4 passenger EBITDA was 66% above 2019, the latest pre-Covid-19 year.
  • For the full-year, EBITDA before special items increased DKK 1,544m or 45% to DKK 4,955m as the freight ferry and logistics result increased DKK 588m and the passenger result increased DKK 955m.

Outlook 2023

The outlook for EBITDA of DKK 4.5-5.0bn before special items includes continued growth but also assumes a European economic slowdown, negative impacts from the war in Ukraine, and overcapacity on the Channel. Revenue is therefore overall expected to remain at the same level as 2022.

Click here for a detailed outlook on page 10 in the full report
https://www.dfds.com/en/about/investors/reports-and-presentations/q4-report-2022

“2022 turned out to be the best year financially in DFDS history” Torben Carlsen, CEO

Feb 10
0

DFDS: Investments are expected to amount to around DKK 1.6bn, excluding acquisitions

By | 2023 Newsletter week 6 | No Comments
  • No purchases of new or second-hand ferries are expected
  • Dockings and ferry upgrades, including energy efficiency projects: DKK 800m
  • Port terminals and other equipment: DKK 400m
  • Cargo carrying equipment and warehouses, mainly related to Logistics Division: DKK 300m
  • Other investments, including digital: DKK 100m
  • An investment of DKK 1.2bn is expected for the acquisition of McBurney Transport Group
Feb 10
0

DFDS January volumes: freight in line with expectations

By | 2023 Newsletter week 6 | No Comments

Ferry – freight

  • Total volumes in January 2023 were 6.0% below 2022. Volumes were 3.7% below 2022 adjusted for Channel that is impacted by a total market decrease and overcapacity.
  • North Sea volumes were above last year due mostly to higher volumes between Sweden and Belgium.
  • Mediterranean volumes were at the same level as last year following closure of the route between Turkey and Spain and transfer of its volumes to the route to France, which reduced volumes somewhat.
  • Channel volumes were below last year following a continued decrease in the total market and a negative impact from the entry of Irish Ferries.
  • Baltic Sea volumes remained negatively impacted by the war in Ukraine.
  • For the last twelve months 2023-22, the total transported freight lane metres decreased 4.3% to 41.6m from 43.4m in 2022-21. The decrease was 1.7% adjusted for Channel.

Ferry – passenger

  • The number of passengers continued to recover and more than tripled to 172k equal to 79% of volumes in January 2019, the latest comparable month pre-Covid-19.
  • The number of cars also equalled 79% of volumes in 2019.
  • For the last twelve months 2023-22, the total number of passengers was 3.9m compared to 0.9m in 2022-21 and 5.1m in 2019.
Jan 13
0

DFDS December volumes: strong Med versus other routes – strong passengers

By | 2023 Newsletter week 2 | No Comments

Ferry – freight:

  • Total volumes in December 2022 were 15.2% below 2021.
  • Volumes were 4.7% below 2021 adjusted for Channel that continues to be impacted by a considerable decrease in the total market and ferry overcapacity.
  • North Sea volumes were below last year, mostly due to a decline in activity between Scandinavia and the UK.
  • The growth momentum in the Mediterranean network continued, although a temporary suspension of sailings between Turkey and Spain reduced volumes.
  • Baltic Sea volumes remained negatively impacted by the war in Ukraine.
  • In 2022, the total transported freight lane metres decreased 2.9% to 41.7m from 43.0m in 2021. The decrease was 0.5% adjusted for Channel.

Ferry – passenger:

  • The number of passengers continued to recover and more than tripled to 307k equal to 83% of volumes in December 2019, the latest comparable month pre-Covid-19.
  • The number of cars equalled 81% of volumes in 2019.
  • In 2022, the total number of passengers was 3.8m compared to 0.9m in 2021 and 5.1m in 2019.
Dec 16
0

DFDS November volumes: continued mixed picture for freight

By | 2022 Newsletter week 50 | No Comments

Ferry – freight:

Total volumes in November 2022 were 12.0% below 2021. Volumes were 3.7% below 2021 adjusted for Channel that is impacted by a considerable total market decrease and overcapacity.

North Sea volumes were lowered by a temporary reduction in ferry capacity and continued supply chain disruptions for some automotive customers. Mediterranean volumes kept on growing in November, while Baltic Sea volumes remained negatively impacted by the war in Ukraine.

For the last twelve months 2022-21, the total transported freight lane metres decreased 2.4% to 42.2m from 43.3m in 2021-20. The decrease was 0.5% adjusted for Channel.

Ferry – passenger:

The number of passengers continued to recover and increased 119% to 179k equal to 80% of volumes in November 2019, the latest comparable month pre-Covid-19. The number of cars equalled 89% of volumes in 2019.

For the last twelve months 2022-21, the total number of passengers was 3.5m compared to 0.9m in 2021-20 and 5.1m in 2019.

Oct 24
0

Cross-Channel route Dieppe – Newhaven remains in the hands of DFDS

By | 2022 Newsletter week 42 | No Comments

The Seine-Maritime Department has confirmed DFDS, the current operator of the Dieppe Newhaven “Transmanche Ferries” route, as the operator until 2027.

Ferry company Brittany Ferries was the other candidate but was not selected.

Ropax ferries SEVEN SISTERS and COTE D’ALBATRE are owned by the region (Syndicat Mixte de Promotion de l’Activité Transmanche) and chartered to DFDS.

In the communication (see French press release on Twitter), a lot of emphasis is put on the values of the French flag against the social dumping on other ferry routes.

https://twitter.com/sebastienjumel/status/1582038633707892739/photo/1