Freight drives DFDS
It comes as no surprise that the latest growth curve of the DFDS was based “almost entirely on our freight activities, that is to say ferries and logistics,” as the Danish shortsea operator said in a press release reporting its figures for Q2/2021.The second pillar of DFDS’s business, passenger activities, remained negatively impacted by tight travel restrictions, and the outlook is gloomy. Yet group revenues increased by 51% in comparison with the lockdown quarter 2/2020, growing by DKK 1.4 billion (USD 220 million) to DKK 4.2 billion (USD 660 million).The group’s ebitda before special items in the freight segment came to DKK 961 million (USD 151,5 million), driven mainly by the Mediterranean, North Sea and Channel business units. Even compared to Q2/2019, a normal operating year, the firm’s freight ebitda grew by DKK 268 million, or 38%. The consolidation of earnings from the HSF Logistics Group is now expected in September 2021. Revenues are still expected to grow by 20-25%. (cd)www.dfds.com