Company announcement no. 6/2021
ANOTHER STRONG QUARTER FOR FREIGHT
• Passenger services remained restricted
• Freight earnings boosted by
• Mediterranean route network improved performance
• 2021 EBITDA outlook range of
• Financial leverage, NIBD/EBITDA, expected to decrease in 2021
Q4 2020
• Q4 EBITDA on level with 2019
• Freight earnings up
• Free cash flow of
• NIBD/EBITDA lowered to 4.2
OUTLOOK 2021 (incl.
• EBITDA of
• Revenue growth of 20-25%
• Investments of around
• NIBD/EBITDA to decrease around 0.5 ppt
”With the effects of Brexit and the pandemic hopefully soon behind us, our focus increasingly turns to delivering on our long-term growth ambitions,” says
2020 | 2019 | 2020 | 2019 | |||||||||
DKK m | Q4 | Q4 | Change, % | Full year | Full year | Change, % | ||||||
Revenue | 3,761 | 4,008 | -6.2 | 13,971 | 16,592 | -15.8 | ||||||
EBITDA before special items | 769 | 771 | -0.2 | 2,732 | 3,633 | -24.8 | ||||||
EBIT before special items | 289 | 257 | 12.5 | 858 | 1,751 | -51 | ||||||
Profit before tax and special items | 194 | 181 | 7.2 | 583 | 1,472 | -60.4 | ||||||
Profit before tax | 97 | 126 | -23.4 | 466 | 1,371 | -66 |
Revenue decreased 6% to
The result for freight ferry and logistics activities linked to the
Tight travel restrictions were in place throughout Q4 and passenger volumes remained subdued in the quarter. In Q4, EBITDA for passenger services was
Outlook 2021
Uncertainty is elevated going into 2021 due to low visibility on the duration of travel restrictions linked to the pandemic. Longer term effects of Brexit have also yet to emerge. The acquisition of
On this background, revenue is expected to grow by 20-25% and EBITDA before special items is expected to be within a range of
The outlook is detailed on page 9 in the full report.
Read the Q4 2020 Interim Report here:
https://www.dfds.com/en/about/investors/reports-and-presentations/q4-report-2020
Access code: 81772821# 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
- UK_DFDS_Q4_2020
© OMX, source