DFDS

Business and Financial Review • Nov 6, 2025

DFDS INITIATES COST REDUCTION PROGRAMME & LOWERS 2025 OUTLOOK

DFDS INITIATES COST REDUCTION PROGRAMME & LOWERS 2025 OUTLOOK

COMPANY ANNOUNCEMENT no. 32 - 6 November 2025

* Cost Reduction Programme initiated targeting DKK 300m impact in 2026

* One-off programme cost of around DKK 100m expected in 2025

* 2025 EBIT outlook lowered to DKK 600-750m from previously DKK 800-1,000m

excluding the one-off programme cost

* 2025 Adjusted free cash flow outlook reduced to around DKK 0.9bn

As outlined earlier this year, 2025 is a transitional year for DFDS where we

focus on laying the foundation for improving financial performance following the

events of 2024.

To accelerate the transition to a higher level of financial performance, a Cost

Reduction Programme targeting DKK 300m of cost reductions is initiated today.

"We are initiating a cost reduction programme to accelerate our transition to a

higher level of financial performance and to stay competitive in a changing

market environment. Sadly, this means we have to reduce our workforce and part

ways with valued and skilled colleagues," says Torben Carlsen, CEO.

The programme is expected to deliver cost reductions of around DKK 300m in 2026

driven by primarily a reduction of approximately 400 mainly office-based

positions as well as specific cost reduction initiatives across the

organisation.

Programme implementation completion is expected towards the end of Q1 2026. A

one-off cost of around DKK 100m for mostly redundancies is expected to be

incurred in Q4 2025.

2025 EBIT outlook lowered

The 2025 EBIT outlook is lowered to DKK 600-750m from previously DKK

800-1,000m. The reduced outlook is to a large extent driven by uncertainties

regarding the development in Q4 2025 for the Mediterranean ferry and logistics

activities.

In addition, the above outlook range will be lowered by the one-off programme

cost of around DKK 100m.

The full-year 2025 Adjusted free cash flow is expected to be around DKK 0.9bn

down from previously DKK 1.0bn.

More information on outlook assumptions are available in DFDS' Q3 2025 interim

report scheduled for release on 6 November 2025 at around 7.30am 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