Q1 2022 INTERIM REPORT
ANNOUNCEMENT NO. 15/2022
- Unchanged full-year earnings outlook of more than 20% growth
- Q1 EBITDA increased 9% to
DKK 822m - Logistics boosted by HSF integration and margin improvement
- Passenger recovery ahead of expectations
Baltic Sea freight volumes lowered by war inUkraine
Q1 2022
- Freight ferry volumes continued to grow
- Passenger ferry markets recovered through the quarter
- HSF in line with expectations
OUTLOOK 2022
- EBITDA range
DKK 3.9-4.4bn (2021:DKK 3.4bn ) - Revenue growth increased to around 30% (previously 23-27%)
“Continuously adapting to challenges and opportunities, we remain on track to raise earnings more than 20% in 2022,”
says
2022 | 2021 | 2021-22 | 2020-21 | 2021 | |||
DKK m | Q1 | Q1 | Change, % | LTM | LTM | Change, % | FY |
Revenue | 5,725 | 3,768 | 51.9 | 19,826 | 13,925 | 42.4 | 17,869 |
EBITDA before special items | 822 | 750 | 9.5 | 3,482 | 2,872 | 21.2 | 3,411 |
EBIT before special items | 214 | 278 | -23.0 | 1,249 | 1,003 | 24.5 | 1,313 |
Profit before tax and special items | 147 | 202 | -27.3 | 980 | 687 | 42.6 | 1,035 |
Profit before tax | 149 | 192 | -22.5 | 1,026 | 562 | 82.7 | 1,069 |
Ferry Division’s revenue was increased by higher freight and passenger activity as well as a rise in bunker surcharge revenue. Logistics Division’s revenue was increased by the acquisition of
EBITDA increased 9% to
The total EBITDA for passenger activities in the
Outlook 2022
The revenue growth outlook is increased to around 30% compared to 2021 due to significantly higher revenue from oil surcharges as well as higher passenger revenue (previously 23-27%). EBITDA before special items is unchanged
The outlook is detailed on page 10 in the full report.
Read the Q1 2022 interim report here:
https://www.dfds.com/en/about/investors/reports-and-presentations/q1-report-2022
Access code: 71227226# Phone numbers to the call: DK +45 35445577, US +1 631 913 1422,
Contact
Søren Brøndholt Nielsen, IR +45 33 42 33 59
Attachment
- DFDS_UK_NO_15_11_05_2022_Q1_REPORT
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