DFDS - Earnings Release 2021 | FinancialReports.eu

Q4 INTERIM AND FULL-YEAR 2021 REPORT

COMPANY ANNOUNCEMENT NO. 5/2022

GROWTH SET TO CONTINUE IN 2022

EBITDA increased 19% to DKK 915m in Q4
Supply chain bottlenecks eased during Q4
Early signs of pick-up in passenger numbers
EBITDA expected to grow more than 20% in 2022
Total dividend of DKK 8.00 per share planned

Q4 2021

Revenue up 46% to DKK 5.5bn
Full effect of HSF Logistics Group
Passenger result improved

OUTLOOK 2022

EBITDA range DKK 3.9-4.4bn (2021: DKK 3.4bn)
Revenue growth of 23-27%
Investments of DKK 2.3bn

“In spite of Covid-19, Brexit, and supply chain bottlenecks, we delivered a strong result for 2021. In 2022, we look to raise both revenue and earnings more than 20%,” says Torben Carlsen, CEO.


KEY FIGURES

	2021	2020		2021	2020
DKK m	Q4	Q4	Change, %	Full year	Full year	Change, %

Revenue	5,482	3,761	45.7	17,869	13,971	27.9
EBITDA before special items	915	769	18.9	3,411	2,732	24.9
EBIT before special items	309	289	6.7	1,313	858	53.1
Profit before tax and special items	255	194	31.6	1,035	583	77.4
Profit before tax	259	97	167.7	1,069	466	129.5

Revenue increased 46% to DKK 5.5bn driven by the acquisition of HSF Logistics Group, higher revenue from bunker surcharges, and a doubling of passenger revenue from a low level in Q4 2020. Passenger revenue remained far below pre-Covid-19 levels through 2021.

EBITDA increased 19% to DKK 915m. The total freight EBITDA for ferry and logistics before special items increased 9% to DKK 946m driven mainly by the acquisition of HSF Logistics Group. Supply chain bottlenecks eased during Q4 and towards the end of the quarter UK freight flows also normalised. The total EBITDA for passenger activities in the Baltic Sea, Channel, and Passenger business units increased DKK 67m to DKK -30m.

The Board of Directors proposes to the 2022 AGM a dividend of DKK 4.00 per share. In addition, the Board of Directors plan to distribute a further dividend of DKK 4.00 per share in August 2022.

Outlook 2022

The Group’s revenue is expected to increase by 23-27% compared to 2021. The two main growth drivers are the full-year impact of the acquisition of HSF Logistics Group and a recovery in passenger revenue. Freight volumes are expected to grow in most markets as well. The Group’s EBITDA before special items is expected to be within a range of DKK 3.9-4.4bn (2021: DKK 3.4bn).

The outlook is detailed on page 10 in the full report.

Read the Interim and Full-year Q4 2021 Report here:

https://www.dfds.com/en/about/investors/reports-and-presentations/q4-report-2021

8 February 2022. Conference call today at 10.00am CET

Access code: 69658763# Phone numbers to the call: DK +45 35445577, US +1 631 913 1422, UK +44 333 300 0804

Contact

Torben Carlsen, CEO +45 33 42 32 01

Karina Deacon, CFO +45 33 42 33 42

Søren Brøndholt Nielsen, IR +45 33 42 33 59

Nicole Seroff, Communications: +45 31 40 34 46

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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