DFDDF DFDS A/S

Q1 2025 INTERIM REPORT - 2025-TRANSITION PROGRESSING

Q1 2025 INTERIM REPORT - 2025-TRANSITION PROGRESSING



Announcement no. 19 - 6 May 2025



Q1 2025

  • Revenue up 8% to DKK 7.5bn. Organic growth was -1%
  • EBIT reduced DKK 317m to DKK -117m
  • Adjusted free cash flow increased DKK 573m to DKK 246m
  • CO2 ferry emission intensity from own fleet lowered 5.9%



Outlook 2025, unchanged

  • EBIT of around DKK 1.0bn
  • Revenue growth of around 5%
  • Adjusted free cash flow of around DKK 1.0bn



“In March, the earnings trend started to improve following the execution of multiple turnaround actions during the quarter,” says Torben Carlsen, CEO.



 Q1Q1Change,LTMLTMChange,Full-year
DKK m20252024%2024-252023-24%2024
        
Revenue7,5397,011830,28127,975829,753
EBITDA748957-224,2324,875-134,440
EBIT- 117200n.a.1,1892,163-451,506
Adjusted free cash flow246- 327n.a.1,5302,188-30957
ROIC, %---3.46.9-4.4
Financial leverage, times---4.03.2-3.9



CEO’s comments

2025 is a transitional year, as noted in our latest annual report, where we lay the groundwork for improving financial performance following the events of 2024.

Firstly, most of our business units are as expected on track to uphold performance or improve in 2025.

Secondly, we are making progress on resolving three specific focus areas:

  • Adapting Mediterranean ferry operations to the changed competitive environment
  • Turning Logistics’ Türkiye & Europe South around to breakeven by year-end 2025
  • Delivering on the Logistics turnaround projects initiated in 2024.



As expected the three focus areas’ substantial negative earnings impact in Q4 2024 continued into Q1 2025.

In March, the earnings trend started to improve following the execution of multiple turnaround actions during the quarter.

The actions taken include price increases, capacity adjustments, headcount reductions, closure of unprofitable activities, and office closures/mergers.

Further actions are being taken and we expect the improving earnings trend to become more visible in our Q2 results and in the remainder of the year.

Adapting to evolving market changes

We are a transport provider moving goods and people in and around Europe. The expansion of our network to regions positioned to benefit from nearshoring continue to be validated by recent geopolitical events.

In addition, Europe’s determination to become more self-reliant is likely to grow trade in the coming years with manufacturing hubs such as Türkiye and Morocco.

Shorter-term we are not assuming any market tailwinds as the shift in US policies and the ensuing uncertainties may further dampen the already muted European economic growth outlook for 2025.

Germany’s decision to step up defence and infrastructure spending is set to fuel European growth, but material impacts on activity levels are not expected before 2026. Meanwhile, our focus is on adapting to a low-growth market environment.

Focus on financial solidity

Working capital initiatives and enhanced capex focus are improving our cash flow. We expect our financial solidity to strengthen through the second half-year as earnings improve and NIBD decreases.

Outlook 2025

The earnings outlook for 2025 is unchanged an EBIT of around DKK 1.0bn.



Read the Q1 2025 interim report here:

6 May 2025. Conference call today at 10.00am CET

Register ahead of the call via this .

Access code is mailed after registration. Follow live-streaming of call via this .



Contact

Torben Carlsen, CEO

Karen Boesen, CFO

Søren Brøndholt Nielsen, IR

Dennis Kjærsgaard Sørensen, Media

About DFDS

We operate a transport network in and around Europe with annual revenue of DKK 30bn and 16,500 full-time employees.

We move goods in trailers by ferry, road, and rail plus we offer complementary and related logistics solutions.

We also move car and foot passengers on short sea and overnight ferry routes.

DFDS was founded in 1866 and is headquartered and listed in Copenhagen



This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Attachment



EN
06/05/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on DFDS A/S

 PRESS RELEASE

DELÅRSRAPPORT 1. KVARTAL 2025 - 2025-TRANSITION GÅR FREMAD

DELÅRSRAPPORT 1. KVARTAL 2025 - 2025-TRANSITION GÅR FREMAD Selskabsmeddelelse nr. 19 - 6. maj 2025 1. kvartal 2025 Omsætningen steg 8% til DKK 7,5 mia. Den organiske vækst var -1%EBIT reduceret DKK 317 mio. til DKK -117 mio.Justeret frit cash flow steg DKK 573 mio. til DKK 246 mio.CO2-færgeemissions-intensitet reduceret 5,9% Forventning 2025, uændret EBIT på omkring DKK 1,0 mia.Omsætningsvækst på omkring 5%Justeret frit cash flow på omkring DKK 1,0 mia. “I marts begyndte indtjeningen at rette sig efter eksekvering af en række turnaround-tiltag i løbet af kvartalet,” siger Torbe...

 PRESS RELEASE

Q1 2025 INTERIM REPORT - 2025-TRANSITION PROGRESSING

Q1 2025 INTERIM REPORT - 2025-TRANSITION PROGRESSING Announcement no. 19 - 6 May 2025 Q1 2025 Revenue up 8% to DKK 7.5bn. Organic growth was -1%EBIT reduced DKK 317m to DKK -117mAdjusted free cash flow increased DKK 573m to DKK 246mCO2 ferry emission intensity from own fleet lowered 5.9% Outlook 2025, unchanged EBIT of around DKK 1.0bnRevenue growth of around 5%Adjusted free cash flow of around DKK 1.0bn “In March, the earnings trend started to improve following the execution of multiple turnaround actions during the quarter,” says Torben Carlsen, CEO.  Q1Q1Change,LTMLTMChang...

 PRESS RELEASE

ANTAL AKTIER OG STEMMERETTIGHEDER

ANTAL AKTIER OG STEMMERETTIGHEDER SELSKABSMEDDELELSE nr. 18 - 30. april 2025  Efter gennemførelse af kapitalnedsættelsen meddelt 23. april 2025 udgør det samlede antal stemmerettigheder og selskabskapitalen i DFDS A/S pr. dags dato følgende: Selskabskapital, DKK:        1.124.310.980Antal aktier:                        56.215.549 Antal stemmer*:                 56.215.549 *Hver aktie a nominelt DKK 20 giver én stemme på generalforsamlingen. Egne aktier er inkluderet i totalerne ovenfor. I henhold til kapitalmarkedslovens § 32 er DFDS A/S forpligtet til særskilt at meddele selskabets saml...

 PRESS RELEASE

VOTING RIGHTS AND SHARE CAPITAL

VOTING RIGHTS AND SHARE CAPITAL COMPANY ANNOUNCEMENT no. 18 - 30 April 2025  Following completion of the share capital reduction announced on 23 April 2025, the total number of voting rights and the total share capital in DFDS A/S as of today are as follows: Share capital, DKK:        1,124,310,980Number of shares:          56,215,549 Number of votes*:          56,215,549 *Each share of nominally DKK 20 carries one vote at the general meeting. Treasury shares are included in the numbers above. According to S. 32 of the Danish Capital Markets Act, DFDS A/S is required to separately announ...

 PRESS RELEASE

KAPITALNEDSÆTTELSE

KAPITALNEDSÆTTELSE SELSKABSMEDDELELSE nr. 17 - 23. april 2025  Den 24. marts 2025 besluttede generalforsamlingen at nedsætte DFDS A/S’ selskabskapital med nominelt DKK 35.080.960 fra DKK 1.159.391.940 til DKK 1.124.310.980 ved annullering af 1.754.048 egne aktier a nominelt DKK 20. Kapitalnedsættelsen er i dag blevet gennemført og registreret hos Erhvervsstyrelsen. Efter kapitalnedsættelsen udgør selskabskapitalen DKK 1.124.310.980 fordelt på 56.215.549 aktier a nominelt DKK 20. Kontakt Søren Brøndholt Nielsen, IR Om DFDS Vi driver et transportnetværk i og omkring Europa med en ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch