Interim report for H1 2008
Company announcement no. 21/2008
Copenhagen, 26 August 2008
Difficult market conditions and high oil prices
impacted performance in H1
Significant events, H1:
·Revenue increased by 4% to DKK 4.2 billion
·Operating profit before depreciation (EBITDA) was reduced by 28% to DKK 434
million
·Pre-tax profit was reduced by 62% to DKK 68 million
·The Tramp business area was sold at a profit of DKK 22 million
·The improvement plan for Passenger Shipping resulted in restructuring costs
amounting to DKK 28 million in the second quarter
·Stable freight market in the North Sea while volumes declined on east to west
traffic in the Baltic Sea
·Bunker and haulage costs increased due to higher oil prices
·As announced earlier in august the full-year profit expectation was changed to
a pre-tax profit at a level of DKK 325-375 million. The profit expectation is
still subject to greater uncertainty than usual
Contacts: Niels Smedegaard, CEO, +45 33 42 34 00, Christian Merrild, CFO,
+45 33 42 32 01, Søren Brøndholt Nielsen, IR, +45 33 42 33 59
DFDS A/S, Sundkrogsgade 11, 2100 Copenhagen Ø, CVR 14 19 47 11
DFDS - a leading sea-based transport network in northern Europe. DFDS has
around 4,400 employees and employs a fleet of around 60 ships. DFDS was founded
in 1866 and is listed on OMX, the Nordic Stock Exchange Copenhagen.
