Tag: DFDS | Page 5 | Ferry Shipping News

Feb 10

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

By sandra | 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

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

By sandra | 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

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DFDS January volumes: freight in line with expectations

By sandra | 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

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

By sandra | 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

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DFDS November volumes: continued mixed picture for freight

By sandra | 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

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

By sandra | 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

Oct 13

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DFDS September Volumes: Freight continues growth in Mediterranean and North Sea

By sandra | 2022 Newsletter week 41 | No Comments

Ferry – freight:

Due to lower volumes on the Dover Strait and on the Baltic Sea, total volumes in September 2022 were 7.5% below 2021. Freight volumes were above 2021 in all other regions.
North Sea volumes were above 2021 despite a negative impact from a strike in Felixstowe port as volumes to a large extent were diverted to the Immingham port instead.
Volumes in the Mediterranean network continued to grow driven by Turkish industrial production and exports.
Channel’s volumes were below 2021 following lower activity on the Dover Strait on account of a decrease in total market volumes and addition of capacity by Irish Ferries.
Channel’s year-to-date volumes were 0.3% above 2021.
Baltic Sea’s volumes were below 2021 due to the war in Ukraine, although to a lower extent than in previous months.
For the last twelve months 2022-21, the total transported freight lane metres decreased 1.5% to 43.1m from 43.8m in 2021-20.

Ferry – passenger

The number of passengers increased more than three times to 371k equal to 82% of volumes in September 2019, the latest comparable month pre-Covid-19.
The number of cars equalled 89% of volumes in 2019. Channel’s volumes were reduced by the addition of capacity by Irish Ferries.
For the last twelve months 2022-21, the total number of passengers was 3.3m compared to 0.8m in 2021-20 and 5.1m in 2019.

Sep 15

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DFDS August volumes: strong passenger demand, freight remains robust in most regions

By sandra | 2022 Newsletter week 37 | No Comments

Ferry – freight:

Due to lower volumes in the Baltic Sea region and on the Dover Strait, total volumes in August 2022 were 5.2% below 2021.
Freight volumes were higher than in 2021 in all other regions.
North Sea volumes were above 2021 despite a negative impact from a strike in Felixstowe port.
Volumes in the Mediterranean network continued to grow, even though fires in the Trieste region held back volumes, driven by higher Turkish industrial production and exports.
Channel’s volumes were below 2021 following a decrease on the Dover Strait due to partly lower total market volumes, and partly addition of capacity by a third ferry operator.
Baltic Sea’s volumes were below 2021 due to the war in Ukraine.
For the last twelve months 2022-21, the total transported freight lane metres decreased 1.4% to 43.3m from 43.9m in 2021-20.

Ferry – passenger:

The number of passengers increased fourfold to 693k equal to 82% of volumes in August 2019, the latest comparable month pre-Covid-19.
The number of cars equalled 85% of volumes in 2019.
The Channel business unit’s volumes were reduced by addition of capacity by a third ferry operator.
For the last twelve months 2022-21, the total number of passengers was 3.0m compared to 0.7m in 2021-20 and 5.1m in 2019.

Sep 01

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DFDS receives BBB- investment grade credit rating from scope

By sandra | 2022 Newsletter week 35 | No Comments

DFDS A/S has received a first-time issuer rating of BBB- with stable outlook from Scope Ratings GmbH (Scope). DFDS A/S’ senior unsecured debt was also rated BBB- in line with the issuer rating.

The rating corresponds to an investment grade credit rating. It has been obtained to support and enhance access to capital markets as well as to optimise the financing cost on future bond issuances.

Nordea advised DFDS A/S as Sole Rating Advisor in the credit rating process.

Aug 29

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