DFDS — Earnings Release 2016

May 12, 2016

Copenhagen, 2016-05-12 07:29 CEST (GLOBE NEWSWIRE) -- Announcement no. 29

OUTLOOK RAISED FOR 2016

EBITDA UP BY 77% TO DKK 405M

EARNINGS IMPROVED THROUGHOUT ROUTE NETWORK

19% HIGHER FREIGHT VOLUMES DRIVEN BY CHANNEL

Q1 2016
• 9% revenue growth excluding bunker surcharges
• Volumes boosted by 36% volume growth for both freight and passengers on
Channel
• Profit before tax and special items increased by DKK 170m to DKK 157m
• ROIC before special items increased to 15.3%

OUTLOOK 2016
• Revenue growth outlook of 6%
• EBITDA outlook raised to DKK 2.3-2.5bn

”All parts of DFDS’ route network and key logistics activities contributed to
the best Q1 result so far. It reflects the ongoing transformation of DFDS that
our weakest quarter is now in black numbers. We are continuing the journey with
the launch of new projects to enhance freight customer services in our route
network and reduce haulage costs in our European logistics activities,” says
Niels Smedegaard, CEO.

Key figures
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DKK m Q1 Q1 LTM LTM FY
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Before special items 2016 2015 ? % 2015-16 2014-15 ? % 2015

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Revenue 3,088 2,926 6% 13,636 12,857 6% 13,473
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EBITDA 405 228 77% 2,218 1,570 41% 2,041
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EBIT 181 27 565% 1,353 800 69% 1,199
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Profit before tax 157 -13 n.a. 1,249 667 87% 1,079

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For Q1 2016, reported revenue increased by 6% to DKK 3.1bn and by 9% excluding
revenue from bunker surcharges.

EBITDA before special items increased by 77% to DKK 405m driven by higher
volumes and average unit revenues, bunker cost savings and a positive Easter
impact on the passenger activities this year.

The route network carried 19% higher freight volumes and 25% more passengers in
Q1. Channel’s volume growth of 36% for both freight and passengers was a main
driver of the growth following a significant capacity increase on Dover-Calais
in Q1. Excluding Channel, the route network carried 5% higher freight volumes
and 2% more passengers.

The Q1 result of the Nordic and Continent logistics business units was ahead of
last year as was UK & Ireland in local currency.

The Group’s return on invested capital (ROIC) before special items increased to
15.3% for the last twelve months (LTM), up from 13.7% in 2015.

Outlook 2016
The full-year outlook for 2016 is raised following Q1 earnings above
expectations and continued positive market trends on most routes in the
Network.

The Group’s revenue is still expected to increase by around 6%, excluding
revenue from bunker surcharges.

The Group’s EBITDA before special items is now expected to increase to a range
of DKK 2,300-2,500m compared to a range of DKK 2,100-2,300m previously (2015:
DKK 2,041m).

Read the Interim Report Q1 2016:

http://www.dfdsgroup.com/Investors/Reports/Documents/2016-Q1-DFDS-UK-Interim-Rep
ort.pdf

Read about "How we did it": www.dfds.com/q1-report

     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