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DFDS — Management Reports 2018
Aug 3, 2018
3361_iss_2018-08-03_0bc6c074-715f-4a51-a760-e568c668bd98.pdf
Management Reports
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ADJUSTED COMPARISON FIGURES FOR FERRY BUSINESS UNITS
Restatement of Ferry business units impacted by acquisition of U.N. Ro-Ro
As announced at the completion of the acquisition of U.N. Ro-Ro on 7 June 2018, a new business unit named 'Mediterranean' has been established comprising all Mediterranean ferry activities, including the existing route between Marseille and Tunis that previously was part of the business unit France & Mediterranean.
France & Mediterranean has been discontinued and the other route of this business unit between Newhaven and Dieppe has been transferred to the Channel business unit.
The new comparison figures for Channel and Mediterranean are stated below.
| 2018 | 2017 | 2018 | 2017 | ||||
|---|---|---|---|---|---|---|---|
| DKK m | Q1 | Q1 | Q2 | Q3 | 04 | LTM | Full year |
| Channel | |||||||
| Revenue | 573 | 530 | 659 | 874 | 620 | 2,727 | 2,683 |
| EBIT before special items | 18 | $-10$ | 72 | 218 | 73 | 382 | 353 |
| Invested capital | 2,025 | 1,994 | 1,966 | 1,928 | 1,860 | 1,955 | 1,956 |
| ROIC before special items, % | ۰ | ۰ | 19.4 | 18.0 | |||
| Lane metres freight, '000 | 4,896 | 4,828 | 4,872 | 5,035 | 5,061 | 19,864 | 19,796 |
| Passengers, '000 | 556 | 485 | 1,000 | 1,648 | 670 | 3,874 | 3,803 |
| Mediterranean | |||||||
| Revenue | 31 | 25 | 27 | 22 | 29 | 108 | 103 |
| EBIT before special items | 3 | $\overline{0}$ | 5 | ı | 3 | 11 | 9 |
| Invested capital | 122 | 138 | 129 | 127 | 115 | 126 | 99 |
| ROIC before special items, % | ٠ | ٠ | ۰ | 9.1 | 9.3 | ||
| Lane metres freight, '000 | 61 | 58 | 59 | 47 | 62 | 229 | 226 |
Restatement of ferry freight volumes 2017
To prepare for further digitisation of customer solutions and operations, a full standardisation of KPIs related to capacity utilisation in the ferry route network was implemented at the beginning of 2018. As part of this process, the number of lane metres applied to a manufactured car carried on a ferry was increased. As an increasing number of manufactured cars are being carried, this has an impact on the lane meter number for freight volumes and in the table below these have been restated for 2017 to correspond to the definition applied in 2018.
DFDS A/S, Sundkrogsgade 11 DK-2100 Copenhagen Ø CVR 14 19 47 11
www.dfds.com
Company announcement no. 48/2018
3 August 2018
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Contact
Torben Carlsen, CFO +45 33 42 32 01
Søren Brøndholt Nielsen, IR +45 33 42 33 59
About DFDS
DFDS provides shipping and transport services in Europe and Turkey, generating annual revenues of EUR 2.2bn.
To over 8,000 freight customers, we deliver high performance and superior reliability through ferry & port terminal services, and transport & logistics solutions.
For more than five million passengers, we provide safe overnight and short sea ferry services.
Our 8,000 employees are located on ferries and in offices across 20 countries. DFDS was founded in 1866, is headquartered in Copenhagen, and listed on NASDAQ Copenhagen.
| 2017 | |||||
|---|---|---|---|---|---|
| 01 | 02 | 03 | 04 | Full year | |
| North Sea | |||||
| Lane metres freight, '000 | 3.242 | 3,332 | 3,280 | 3.364 | 13,218 |
| Baltic Sea | |||||
| Lane metres freight, '000 | 1.125 | 1,176 | 1,151 | 1,133 | 4,585 |
| Mediterranean | |||||
| Lane metres freight, '000 | 59 | 60 | 48 | 62 | 229 |
Announcement no. 48/2018 3 August 2018
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