DFDS Reports Best Ever Quarter One Result
Ferry and logistics operator posts four per cent increase in revenue for first three months of 2017 – its best-ever first quarter result
Profit before tax was up by 10 per cent thanks to strong freight performance and despite slightly weaker UK passenger numbers due to the late Easter
DFDS has reported a strong start to 2017 with revenues for the pan-European ferry and logistics company up four per cent in the first quarter of the year.
In an indicator of strong underlying economic trends, freight volumes and UK-Continental trade flows continue to grow and the company reports an 10 per cent increase in shipments on its North Sea freight routes and a 3 per cent rise in freight on its cross-Channel routes from Dover to France. First quarter revenues for the group were €432m (£363m), compared with €414m (£348m) for the first three months of 2016. This helped the company to its best-ever first quarter result.
Freight volumes across the company’s route network, including services from the UK to Holland, France and Scandinavia were up by seven per cent. This helped its Shipping Division to a first quarter profit of £42m, despite lower levels of passenger activity during the off peak season.
Kasper Moos, vice president for DFDS in the UK, said: “We continue to deliver solid results despite challenging market conditions and we’re delighted to have recorded our best-ever first quarter. Our continuous improvement is driven by hard work, an intense focus on the needs of our customers and our efficient operating model, as well as major investment programmes to improve the experience for customers in the freight and passenger sectors. We’ll continue to invest in our digital capabilities and work to grow our business and we’re looking forward to adding two new-build ro-ro ships to our North Sea fleet later this year.”
DFDS reports a positive outlook for growth in the remainder of 2017, with the business on track to deliver a further improvement on the record full-year earnings recorded in 2016.
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DFDS provides shipping and transport services in Europe, generating annual revenues of £1.6bn.
The company delivers high performance and superior reliability to more than 8,000 freight customers through shipping and port terminal services and transport and logistics solutions. In addition, it provides overnight and short sea ferry services to six million passengers.
7,000 employees are located on ships and in offices in 20 countries. DFDS was founded in 1866 and is headquartered in Copenhagen and listed on the Nasdaq Copenhagen stock exchange.
In the UK, the company operates passenger ferry services on routes from Dover to Calais, Dover to Dunkirk, Newcastle to Amsterdam and Newhaven to Dieppe.
DFDS has been named ‘Europe’s Leading Ferry Operator’ and the ‘World’s Leading Ferry Operator’ at the World Travel Awards for the last six years (2011-16). The company was also named ‘Best Family Ferry Operator’ at the 2016 Family Traveller Awards.
DFDS currently operates up to 54 sailings a day between Dover and France on its Dover-Dunkirk and Dover-Calais routes. DFDS also offers two daily sailings between Newcastle and Amsterdam. In addition, the DFDS network includes a passenger and freight service between Newhaven to Dieppe, which has four daily sailings and is operated by DFDS under a concession run by Transmanche Ferries.
For further information about DFDS, or to find out about the latest sailing times, fares and offers across all routes from the UK, visit www.dfds.co.uk. You can also find out more on Twitter @DFDS_UK and at the company’s Facebook page www.facebook.com/dfdsuk.
We are Europe’s Leading Ferry Operator 2012-2018 & the World’s Leading Ferry Operator 2011-2017!