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DFDS — Capital/Financing Update 2016
May 31, 2016
3361_iss_2016-05-31_7c055060-88b6-4e1b-b294-adb0e6c28906.pdf
Capital/Financing Update
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OPTION EXERCISED FOR RO-PAX WITH STRONG FIT IN BALTIC ROUTE NETWORK
Today, the exercise of the purchase option for a combined freight and passenger ship (ro-pax), ATHENA SEAWAYS, was completed with Grimaldi Holding Spa.
The ship was built in 2007 and bareboat chartered by DFDS in December 2013. The ship was since then deployed in DFDS' Baltic route network on either Kiel-Klaipeda or Karlshamn-Klaipeda, mainly carrying driver-accompanied trucks and passengers travelling in their own cars.
The ship's freight and passenger capabilities fits with the current and expected customer requirements of the Baltic market and in combination with the favorable conditions of the ro-pax ship market, the purchase option was exercised.
Investment outlook changed for 2016
The exercise of the purchase option adds DKK 300m to investments in 2016.
For the full-year 2016 investments are therefore now expected to total DKK 1.9bn compared to previously DKK 1.6bn.
DFDS A/S, Sundkrogsgade 11 DK-2100 Copenhagen Ø CVR 14 19 47 11
www.dfdsgroup.com
Company announcement no. 35/2016
31.05.2016
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Contact
Niels Smedegaard, CEO +45 33 42 34 00
Torben Carlsen, CFO +45 33 42 32 01
Søren Brøndholt Nielsen, IR +45 33 42 33 59
Gert Jakobsen, Communications +45 33 42 32 97
About DFDS
DFDS provides shipping and transport services in Europe, generating annual revenues of EUR 1.8bn.
To over 8,000 freight customers, we deliver high performance and superior reliability through shipping & port terminal services, and transport & logistics solutions.
For six million passengers, we provide safe overnight and short sea ferry services.
Our 6,600 employees are located on ships and in offices across 20 countries. DFDS was founded in 1866, is headquartered in Copenhagen, and listed on Nasdaq Copenhagen.
DISCLAIMER
The statements about the future in this announcement contain risks and uncertainties and actual developments may therefore diverge considerably from statements about the future.