August 16, 2019
Key figures H1
- Revenue up 10% and EBITDA up 8%
- Exceptional uncertainty on Brexit is currently reducing UK trade and visibility
Key figures Q2
- Revenue up 9% to DKK 4.2bn
- EBITDA up 4% to DKK 989m
The growth in revenue and earnings in Q2 was mainly driven by the expansion in the Mediterranean and higher passenger revenue. A reversal of the UK stockpiling in Q1 lowered freight revenue and earnings in Q2 for most activities linked to UK trade. The latter was mitigated by income from an agreement with UK Department for Transport.
Outlook 2019:
- 6-8% revenue growth (previously 10-12%)
- EBITDA-range lowered 6% to DKK 3.5-3.8bn (previously DKK 3.8-4.0bn)
”Brexit is an exceptional situation currently lowering volumes in our ferry and logistics network. In spite of this headwind, we are still on track to continue our growth this year. The work to deliver on our new strategic and financial ambitions has started and progress is well under way,” says Torben Carlsen, CEO.