ANNOUNCEMENT NO. 26/2021
SOLID GROWTH IN FREIGHT VOLUMES
- Q2 EBITDA increased 77% to
DKK 897m - Mediterranean continued strong performance
- Passenger volumes remain impacted by travel restrictions
Q2 2021
- Freight EBITDA up
DKK 400m - Significant recovery from 2020-lockdowns
- EBITDA for Mediterranean route network improved
DKK 191m - ESG-reporting expanded
OUTLOOK 2021, UNCHANGED
- EBITDA of
DKK 3.2-3.6bn - Revenue growth of 20-25%
- No passenger recovery from 2020 expected in 2021
“Our freight activities delivered strong results in Q2, also compared to 2019. Not least the Mediterranean route network continues to do well. We look forward to welcoming passengers back once travel restrictions are eased and uncertainty reduced,” says
2021 | 2020 | 2020-21 | 2019-20 | 2020 | |||
DKK m | Q2 | Q2 | Ch. % | LTM | LTM | Ch. % | FY |
Revenue | 4,213 | 2,798 | 50.6 | 15,340 | 15,092 | 1.6 | 13,971 |
EBITDA before special items | 897 | 507 | 77.0 | 3,263 | 3,083 | 5.8 | 2,732 |
EBIT before special items | 394 | 48 | n.a. | 1,349 | 1,156 | 16.7 | 858 |
Profit before tax and special items | 315 | -32 | n.a. | 1,035 | 893 | 15.8 | 583 |
Profit before tax | 328 | 11 | n.a. | 878 | 878 | 0.0 | 466 |
Revenue increased
Freight EBITDA before special items increased
Both freight and passenger earnings were significantly negatively impacted by lockdowns in Q2 2020. Compared to Q2 2019, a normal operating year, the freight EBITDA was up
Outlook 2021
The outlook for freight activities remains positive while passenger travel is picking up slower than expected. Consolidation of earnings from the
The outlook is detailed on page 9 in the full report.
Read the Q2 2021 Interim Report here:
https://www.dfds.com/en/about/investors/reports-and-presentations/q2-report-2021
Access code: 553848736# 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_Q2_2021
© OMX, source