Announcement No. 13/2008
Copenhagen, 20 May 2008
Summary of Q1 2008
The Board of Directors has today adopted the interim report for 1 January - 31
March 2008. The interim report shows that:
· Revenue rose by 3% to DKK 1.9 billion
· Operating profit before depreciation (EBITDA) is DKK 140 million
· Pre-tax profit is DKK -58 million, compared to DKK -13 million in 2007
· Volumes at the same level as the previous year
· Increased charter hire costs affecting Ro-Ro Shipping's earnings
· The majority of the rise in bunker costs of DKK 100 million is covered by the
oil surcharge
· Higher cost level affecting the profits of passenger activities
· Significant reduction in net interest-bearing debt by 12% to DKK 4.0 billion
· The full year profit expectation is still a pre-tax profit of approximately
DKK 500 million but the expectation is subject to greater uncertainty
than normal
Yours truly,
DFDS A/S
For further information contact Niels Smedegaard, CEO, +45 3342 3400, or
Christian Merrild, CFO, +45 3342 3201
