DFDS — Earnings Release 2015

Aug 20, 2015

Copenhagen, 2015-08-20 07:56 CEST (GLOBE NEWSWIRE) -- Announcement no. 62

-- EBITDA outlook for 2015 raised to DKK 1.8-1.9bn from DKK 1.65-1.75bn
-- The Board of Directors proposes semi-annual dividends, to pay an interim
dividend of extra DKK 9 per share in 2015 and to split each share into five
(1:5)
-- Financial goal of a return on invested capital (ROIC) of 10% achieved
-- Revenue increased by 4% to DKK 3.4bn, organic growth increased to 6%
-- Operating profit (EBITDA) increased by 37% to DKK 551m
-- Profit from shipping activities exceeded expectations, logistics activities
were in line with expectations

DFDS increased revenue in Q2 by 4% to DKK 3.4bn. EBITDA before special items
increased by 37% to DKK 551m. For the last twelve months a return on invested
capital (ROIC) before special itemsof 10.3% was achieved, up from 8.0% for the
full-year 2014.

DFDS key figures Q2 Q2 LTM LTM FY
Before special items DKKm. 2015 2014 ? % 2014-15 2013-14 ? % 2014

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Revenue 3,432 3,306 4% 12,983 12,486 4% 12,779
EBITDA 551 403 37% 1,719 1,300 32% 1,433
EBIT 346 237 46% 909 612 49% 695
Profit before tax 319 231 38% 756 511 48% 571

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*LTM: Last twelve months

All areas of shipping activities improved results in Q2, with particularly
strong performance in the Passenger and Channel business units. Volume growth
for both freight and passengers was strongest on routes calling the UK.
Increasing unit revenues in some markets and more efficient operations also
contributed to improving results. The logistics activities’ performance was
overall in line with expectations.

“Our shipping activities produced another strong quarter reaping benefits from
customer focus, continuous improvement and higher than foreseen volume growth.
We are very pleased to have achieved the Group’s financial goal of a return on
invested capital of at least 10%. In both our shipping and logistics activities
we continue to work on multiple opportunities to further improve performance,”
says CEO Niels Smedegaard.

Following the Q2 result and expectations of continued growth, the outlook for
EBITDA is raised to DKK 1.8-1.9bn before special items from DKK 1.65-1.75bn in
May and DKK 1.55-1.65bn at the beginning of the year.

The Board of Directors proposes semi-annual dividend payments going forward and
to pay an interim dividend of DKK 9 per share of DKK 100 already in September
as an extra distribution this year. Moreover, to split each share of DKK 100
into five shares of DKK 20. As part of the share buyback programme 350,000
shares (before split) are proposed to be cancelled. The proposals and notice of
an Extraordinary General Meeting are detailed in separate announcements today.

     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