DFDS

Earnings Release • Jun 12, 2025

MAY VOLUMES: FREIGHT GROWTH IN MOST NETWORK REGIONS

MAY VOLUMES: FREIGHT GROWTH IN MOST NETWORK REGIONS

INVESTOR NEWS no. 21 - 12 June 2025

Ferry - freight: Total volumes in May 2025 of 3.7m lane metres were 4.5% above

2024 and up 2.5% adjusted for route changes. YTD growth rates were 0.6% and

-0.3%, respectively.

North Sea volumes were above 2024 despite a negative impact towards the end of

the month from a national strike in Sweden impacting our port operations in

Gothenburg. Mediterranean volumes were above 2024 driven by a capacity increase

between Tunisia and France as well as the opening of a new route between Egypt

and Italy. Mediterranean volumes were below 2024 adjusted for route changes due

to new ferry competition between Türkiye and Italy.

Channel volumes were above 2024 adjusted for the new Jersey routes. Baltic Sea

volumes were below 2024 due to mostly lower capacity on one route following

tonnage changes. Strait of Gibraltar volumes were above 2024.

For the last twelve months 2025-24, the total transported freight lane metres

increased 4.5% to 41.6m from 39.8m in 2024-23. The increase was 0.6% adjusted

for route changes.

Ferry - passenger: The number of passengers in May 2025 was adjusted for route

changes* down 4.7% to 411k vs 2024 and the adjusted YTD growth rate was -3.6%.

The monthly decrease was driven by lower Channel volumes. The number of cars in

May was 6.3% below 2024 adjusted for route changes.

For the last twelve months 2025-24, the total number of passengers increased

17.4 % to 6.2m compared to 5.3m for 2024-23. The increase was 1.4% adjusted for

route changes.

*Adjusted for sale of Oslo-Frederikshavn-Copenhagen end October 2025, Tarifa-

Tanger Ville due to considerable capacity changes ahead of exit from route early

May 2025, and addition of Jersey routes from end March 2025.

DFDS ferry volumes

May   Last-12-months

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Freight 2023 2024 2025 Change   2023 2024 2025 Change

Lane metres, '000 3,282 3,510 3,668 4.5%   39,274 39,839 41,613 4.5%

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Passenger 2023 2024 2025 Change   2023 2024 2025 Change

Passengers, '000 385 574 452 -21.2%   4,275 5,288 6,210 17.4%

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DFDS reports monthly ferry volumes for freight and passengers to provide insight

into the development of volume trends in our European route network enabling

trade and travel in and around Europe. The June 2025 volume report is expected

to be published on 11 July 2025 at around 10.00am CET.

Contact

Torben Carlsen, CEO +45 33 42 32 01

Karen Boesen, CFO +45 20 58 58 40

Søren Brøndholt Nielsen, IR +45 33 42 33 59

Dennis Kjærsgaard, Media +45 42 30 38 47

About DFDS

We operate a transport network in and around Europe with an annual revenue of

DKK 30bn and 16,500 full-time employees.

We move goods in trailers by ferry, road & rail, and we offer complementary and

related transport and logistics solutions.

We also move car and foot passengers on short sea and overnight ferry routes.

DFDS was founded in 1866 and headquartered and listed in Copenhagen.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act