DFDS Q4 interim & full-year report: solid result for 2023

By | 2024 Newsletter week 6 | No Comments
  • EBITDA of DKK 5.0bn in line with Win23
  • Revenue up 2% to DKK 27.3bn
  • Ferry & Logistics network expanded
  • Adjusted free cash flow of DKK 2.8bn
  • Total dividend and share buyback of DKK 600m
  • EBIT 2024 outlook of DKK 2.0-2.4bn (2023: DKK 2.3bn)

Q4 2023

  • Challenging freight markets
  • EBITDA reduced 5% to DKK 1.0bn
  • Cash inflow of DKK 1.5bn from sale and leaseback of three ferries
  • CO2 ferry emission intensity lowered 2%


  • EBIT of DKK 2.0-2.4bn
  • Revenue growth of 5-8%
  • Adjusted free cash flow of around DKK 1.5bn

“We’re pleased to deliver a solid result for 2023 despite challenging freight markets. Our ferry and logistics network has been expanded significantly, and in 2024 we will focus on unlocking value as we start executing on our new strategic and financial ambitions,” says Torben Carlsen, CEO.

Read the Q4 2023 interim and full-year report here.

DFDS January volumes: good start to the year

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Ferry – freight

  • Total volumes in January 2024 were 10.1% above 2023 and up 5.1% adjusted for the addition of Strait of Gibraltar routes and closure of the Calais-Tilbury route.
  • North Sea volumes were above 2023 partly due to the addition of further automotive volumes on one route.
  • Mediterranean volumes were below 2023 following a slow start as volumes picked up through the month.
  • Channel volumes were above 2023 driven by the Dover Strait routes.
  • Baltic Sea volumes were also above 2023 despite reduction of capacity between Estonia and Sweden compared to 2023.
  • For the last twelve months 2024-23, the total transported freight lane metres decreased 6.7% to 38.7m from 41.6m in 2023-22.

Ferry – passenger

  • The number of passengers in January 2024 were 87.4% above 2023 and up 2.7% adjusted for the addition of Strait of Gibraltar routes.
  • The adjusted increase was driven by more Channel passengers while the number of passengers on other routes were below 2023.
  • The number of cars were 58.4% above 2023 and on level with 2023 adjusted for Strait of Gibraltar.
  • For the last twelve months 2024-23, the total number of passengers increased 19.7% to 4.7m compared to 3.9m for 2023-22.

Soon a new player on the Strait of Gibraltar

By | 2017 Newsletter week 38 | No Comments

The former 1980-built Irish Sea ferry LE RIF is entering its final stage of refurbishment in the Cantieri del Mediterraneo ship repair yard in Naples.
The 100% Moroccan company Detroit World Logistic Maritime (DWLM) has purchased her in March 2016.

The vessel has already served on the Strait of Gibraltar for the ill-fated company IMTC.
Investor behind DWLM is a Moroccan logistics and transport group of companies, headed by Mr Hakim Rahmouni.
The ferry will soon enter service on the Tanger Med – Algeciras route. If a second vessel can be found, then a Nador – Almeria can be considered too.

Photo: Mike Louagie
Source: Website DWLM (in French)