DFDS returns corona compensation

Only a few days ago, we could inform that December freight ferry volumes were up 28% compared to last year, and today we are happy to bring more good news.

Yesterday, DFDS’ preliminary, unaudited EBITDA before special items was raised to DKK 2.73bn for 2020, the outlook range was DKK 2.5-2.7bn. EBITDA is our operating profit before depreciation.

CEO Torben Carlsen says: “Our result was raised by the UK stock building ahead of Brexit that was much more extensive than expected. The result could have been even better, but we decided to withdraw our application for a fixed cost government compensation of DKK 50m in view of DFDS’ earnings recovery. The corona crisis has affected all of us negatively but fortunately, DFDS has recovered better than expected, and we felt it was appropriate to pay back the received compensation.”

You can find the announcement to the stock exchange here

January 14, 2021