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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  DFDS A/S    DFDS   DK0060655629


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Scottish fishermen threaten to dump rotten shellfish outside British parliament

01/13/2021 | 01:13pm EST
FILE PHOTO: A fishing boat is seen at Oban harbor in Scotland

LONDON (Reuters) - Scottish fishermen have threatened to dump rotten shellfish outside the British parliament after their deliveries to the European Union were blocked by post-Brexit red tape.

The owners of two fishing companies said the introduction of health certificates, customs declarations and checks since Britain left the EU's single market at the start of this year had hit their delivery systems.

In a video posted on Twitter, Jamie McMillan of Lochfyne Seafarms warned British Prime Minister Boris Johnson that "if Scottish exporters can't get their product to market next week, we will be at the gates of (the Palace of) Westminster and we'll be dumping our shellfish on your doorstep, rotten."

"We are fighting for survival here," he said. "Get it sorted and get it sorted now."

A second owner, Santiago Buesa of SB Fish, said: "I have plenty to dump as we can't get it sold because our markets have been shut down due to Brexit."

French buyers have rejected trailer loads of langoustine and salmon worth tens of thousands of pounds this month because they took too long to arrive.

Logistics group DFDS suspended its groupage export service - which allows multiple exporters to ship products in a single consignment - on Jan. 8.

It aims to resume the service on Jan. 18 after it clears a backlog, but it will take longer than before Britain left the EU.

To get fresh produce to European markets, logistics providers now have to summarise the load, giving commodity codes, product types, gross weight, number of boxes and value, plus other details. Errors can mean longer delays and French importers have also been hit by the red tape.

Fishermen in Scotland have stopped sending their boats out to fish. The Scottish government says the disruption has cost the industry millions of pounds in lost contracts, and meant lower prices at market.

The opposition Liberal Democrat party said the chaos was costing the industry 1 million pounds ($1.4 million) a day.

($1 = 0.7340 pounds)

(Editing by Andrew MacAskill and Timothy Heritage)

By Kate Holton

Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DFDS A/S -1.12% 266 Delayed Quote.-3.34%
EURO / BRITISH POUND (EUR/GBP) -0.02% 0.88934 Delayed Quote.-0.82%
SEAFARMS GROUP LIMITED 0.00% 0.09 End-of-day quote.4.65%
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Sales 2020 13 856 M 2 267 M 2 267 M
Net income 2020 456 M 74,7 M 74,7 M
Net Debt 2020 11 979 M 1 960 M 1 960 M
P/E ratio 2020 33,6x
Yield 2020 0,50%
Capitalization 15 218 M 2 490 M 2 490 M
EV / Sales 2020 1,96x
EV / Sales 2021 1,72x
Nbr of Employees 8 600
Free-Float 56,4%
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Number of Analysts 3
Average target price 298,33 DKK
Last Close Price 266,00 DKK
Spread / Highest target 12,8%
Spread / Average Target 12,2%
Spread / Lowest Target 10,9%
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Managers and Directors
Torben Carlsen Chief Executive Officer
Claus Michael Hemmingsen Chairman & Deputy Chief Executive Officer
Karina Kjr Deacon Group Chief Financial Officer
Rune Keldsen Chief Technology Officer & Executive VP
Jill Lauritzen Melby Director