Tag

Tag: Q2 | Page 2 | Ferry Shipping News

Aug 16
0

DFDS: Growth Continues But Brexit Lowers Pace

By | 2019 Newsletter week 33 | No Comments

Key figures H1

  • Revenue up 10% and EBITDA up 8%
  • Exceptional uncertainty on Brexit is currently reducing UK trade and visibility

Key figures Q2

  • Revenue up 9% to DKK 4.2bn
  • EBITDA up 4% to DKK 989m

The growth in revenue and earnings in Q2 was mainly driven by the expansion in the Mediterranean and higher passenger revenue. A reversal of the UK stockpiling in Q1 lowered freight revenue and earnings in Q2 for most activities linked to UK trade. The latter was mitigated by income from an agreement with UK Department for Transport.

Outlook 2019:

  • 6-8% revenue growth (previously 10-12%)
  • EBITDA-range lowered 6% to DKK 3.5-3.8bn (previously DKK 3.8-4.0bn)

”Brexit is an exceptional situation currently lowering volumes in our ferry and logistics network. In spite of this headwind, we are still on track to continue our growth this year. The work to deliver on our new strategic and financial ambitions has started and progress is well under way,” says Torben Carlsen, CEO.

DFDS Q2 Report
Jul 11
0

All Time High Q2 For Wasaline

By | 2019 Newsletter week 28 | No Comments

Q2 is the best so far for Wasaline, since the start of operations in 2013.

There is an increase in all segments.

  • +4.2% passengers
  • +8.6% cars
  • +6.6% freight

The total revenue increased by 10.8% compared to last year, to EUR 5.3 million.
In June there was a record increase on all segments and revenue increased by 16.4%.
In Q2, Wasaline has added 9.4% more departures to meet the demand.

Aug 16
0

FERRY FINANCE

By | 2018 Newsletter week 33 | No Comments

DFDS’s Acquisitions Fuel Growth In Q2

In Q2, DFDS’ revenue increased 6% to DKK 3.9bn driven by the expansion of the route network in the Mediterranean (with the acquisition of U.N. Ro-Ro), as well as continued growth in the freight activities in northern Europe. These two factors were also the key driver of the increase in EBITDA before special items by 9% to DKK 802m.

The growth of freight ferry volumes was in line with expectations in both northern Europe and the Mediterranean with overall growth of 6%.

Logistics volumes were up 5% for continuing activities.

Read more in DFDS Q2 report
Sep 01
0

Fjord Line again delivers strong performance in Q2

By | 2017 Newsletter week 35 | No Comments

With the Q2 report, Fjord Line confirmed the year-on-year growth trend.

The company increased revenues with 30% and EBITDA with 112%.

Passenger volumes were up by 13% and freight volumes up by 25%.

The routes Hirtshals (Denmark) – Langesund (Norway, southeast of Oslo) and Sandefjord (Norway) – Strømstad (Sweden) were responsible for a significant increase in freight volumes (respectively 37% and 39%). The same routes also saw an increase in passengers per crossing.

In Q2 the high-speed vessel FJORD CAT suffered some technical issues, with 3 weeks of cancellations. Result: the growth on the Hirtshals – Kristiansand route did not materialize.

Read more