FERRY FINANCE

By | 2018 Newsletter week 33 | No Comments

DFDS’s Acquisitions Fuel Growth In Q2

In Q2, DFDS’ revenue increased 6% to DKK 3.9bn driven by the expansion of the route network in the Mediterranean (with the acquisition of U.N. Ro-Ro), as well as continued growth in the freight activities in northern Europe. These two factors were also the key driver of the increase in EBITDA before special items by 9% to DKK 802m.

The growth of freight ferry volumes was in line with expectations in both northern Europe and the Mediterranean with overall growth of 6%.

Logistics volumes were up 5% for continuing activities.

Fjord Line again delivers strong performance in Q2

By | 2017 Newsletter week 35 | No Comments

With the Q2 report, Fjord Line confirmed the year-on-year growth trend.

The company increased revenues with 30% and EBITDA with 112%.

Passenger volumes were up by 13% and freight volumes up by 25%.

The routes Hirtshals (Denmark) – Langesund (Norway, southeast of Oslo) and Sandefjord (Norway) – Strømstad (Sweden) were responsible for a significant increase in freight volumes (respectively 37% and 39%). The same routes also saw an increase in passengers per crossing.

In Q2 the high-speed vessel FJORD CAT suffered some technical issues, with 3 weeks of cancellations. Result: the growth on the Hirtshals – Kristiansand route did not materialize.