By | 2018 Newsletter Week 19 | No Comments

DFDS Q1 Review: Strong Logistics Performance In Q1                                   

“Both growth and earnings were ahead of expectations in Q1 and our full-year growth expectation is now raised to 4% and to 10% including U.N. Ro-Ro. European growth is robust and continues to support our ferry routes and logistics activities. Our continuous improvement projects are on track and will also contribute to earnings this year,” says Niels Smedegaard, CEO.

Some highlights:

  • Revenue growth of 9%, adjusted
  • Passenger volumes up 14% boosted by Easter
  • Ferry freight volumes up 3% despite negative impact from Easter and a collision
  • Profit before special items and tax up 18%

Outlook 2018

  • Revenue growth increased to 4% from 2%, excl. U.N. Ro-Ro
  • EBITDA range of DKK 3,000-3,200m, incl. U.N. Ro-Ro
  • Investments of DKK 5.2bn, incl. U.N. Ro-Ro

Click on the image to start the download of the report.

Slight Drop In Passengers Compensated By Rise In Cargo Units And Cars

By | 2018 Newsletter Week 14 | No Comments

Tallink Grupp’s Q1 sees a healthy growth in the rolling traffic.

  • Vehicles 222,370 = +2.3%
  • Cargo units: 90,687 = +8.2% (growth most significant on Estonia-Finland +12.9% and Latvia-Sweden +62.6%)
  • Passengers went down a bit: 1,930,449 = -0.5%

The reason for the slight drop in passengers is that for almost ten weeks only one instead of two vessels was operating the Turku-Stockholm route.
On a positive side, Estonia-Sweden and particularly Latvia-Sweden routes are developing very well and the passenger numbers are increasing.