Company announcement no. 12/2020
Managing through Covid-19
• Short term focus on mitigating earnings and cash impacts
• All freight activities continue operations
• Financial position remains strong
• Full-year EBITDA is likely to be reduced towards
(2019:
Q1 2020
• Revenue down 1% to
• EBITDA down 10% to
• Passenger earnings reduced by travel restrictions
• Improved result for
OUTLOOK 2020
• EBITDA is likely to be reduced towards
• Investments of around
”We are adapting operations to secure continued reliable and efficient transportation across
DKK m | 2020 | 2019 | 2019-20 | 2018-19 | 2019 | ||
Before special items | Q1 | Q1 | CH % | LTM | LTM | CH % | FY |
Revenue | 3,813 | 3,870 | -1.5% | 16,535 | 16,102 | 2.7% | 16,592 |
EBITDA | 610 | 677 | -9.9% | 3,565 | 3,668 | -2.8% | 3,633 |
EBIT | 133 | 234 | -43.1% | 1,650 | 1,969 | -16.2% | 1,751 |
Profit before tax | 98 | 159 | -38.3% | 1,411 | 1,697 | -16.8% | 1,472 |
Revenue decreased 1% to
Outlook 2020
Due to the current exceptionally high uncertainty, the outlook and its assumptions may change significantly as the year progresses.
EBITDA before special items for 2020 is likely to be reduced towards
The outlook assumptions are detailed on page 8 in the full report.
Read the Q1 2020 Interim Report here:
https://www.dfds.com/en/about/investors/reports-and-presentations/q1-report-2020
Access code: 83076826#
Phone numbers to the call: DK +45 35445577, US +1 631 913 1422,
Contact
Søren Brøndholt Nielsen, IR +45 33 42 33 59
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Attachment
- Q1 2020 Interim Report_MANAGING THROUGH COVID19
© OMX, source