DFDS — Delisting Announcement 2014

Sep 15, 2014

Copenhagen, 2014-09-15 15:25 CEST (GLOBE NEWSWIRE) -- Announcement no. 67

• Le Havre-Portsmouth to close at the end of 2014

Due to continued losses, DFDS has today started consultations with French
unions about plans to close the Le Havre-Portsmouth route at the end of 2014.
The route is part of DFDS’ business unit France & Mediterranean.

The route carried 185,000 passengers and 480,000 lanemetres of freight in 2013
generating revenues of DKK 165m. The route is serviced by a time-chartered
ro-pax ship, including crew, which will be redelivered to its owner at the end
of 2014.

A number of initiatives to improve the route’s financial performance since the
route was taken over from Louis Dreyfus Armateurs in 2012 have had limited
effect. Given the unsatisfactory financial results, the measures already taken
and the new sulphur emission rules coming into force on 1 January 2015, the
route does not have a viable future.

A closure of the route will primarily entail redundancy costs for shore staff
which are expected to amount to around DKK 15m and be recognised in the income
statement as a special item.

For the DFDS Group, special items for the full-year 2014 are now expected to
amount to a cost of DKK 50m from previously a cost of DKK 35m. The Group’s
full-year outlook is otherwise unchanged.

Contact persons
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