Board Change • 5h
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Minna Aila was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 06
DFDS A/S Maintains Earnings Outlook for the Year 2026 DFDS A/S maintained earnings outlook for the year 2026. For the year, the company expects EBIT of DKK 1,000 million -1,400 million. Annonce • Feb 20
DFDS A/S Provides Earnings Guidance for the Full Year 2026 DFDS A/S provided earnings guidance for the full year 2026. for the year, the company expects Revenue around on level with 2025, EBIT-range of DKK 800 million-DKK 1,100 million. Annonce • Dec 12
DFDS A/S, Annual General Meeting, Mar 25, 2026 DFDS A/S, Annual General Meeting, Mar 25, 2026. Location: marmorvej 18, dk-2100, copenhagen Denmark Annonce • Nov 08
DFDS Announces CEO Succession Plan DFDS's board of directors has initiated the search for a successor to Chief Executive Officer Torben Carlsen to lead DFDS in the next phase of the strategy execution towards long-term value creation. Torben Carlsen will remain in his position until a successor is in place to ensure continuity while maintaining momentum in the current transition focus and executing the announced cost reduction programme. Torben Carlsen joined DFDS in 2009 as Executive Vice President and CFO and was appointed President and CEO in May 2019. During his tenure with DFDS, he has led the company through several key acquisitions, including Norfolkline in 2010 and the expansion into the Mediterranean with UN RoRo in 2018 and expanded DFDS’ network and geographical scope, while also navigating significant macro challenges such as Brexit, Covid, and adverse inflationary and market developments as a consequence of the Russian invasion of Ukraine. In addition, Torben has been a prominent voice for Danish shipping, holding the position of Chair of Danish Shipping for the last three years and representing Danish Shipping in the European Shipowners’ Association while also being a board member of Interferry. During the interim period, Torben Carlsen will continue to lead DFDS with the full support of the Board of Directors. Annonce • Nov 07
DFDS A/S Updates Earnings Guidance for the Fiscal Year 2025 DFDS A/S updated earnings guidance for the fiscal year 2025. For the year, the company expects EBIT of DKK 600 million - DKK 750 million from previously DKK 800 million - DKK 1,000 million. The reduced outlook is to a large extent driven by uncertainties regarding the development in fourth quarter of 2025 for the Mediterranean ferry and logistics activities. Annonce • Feb 23
DFDS A/S Proposes Omits to Pay Dividend for 2024 DFDS A/S announced that at the annual general meeting to be held on 24 March 2025 the Board of Directors proposed that the result for the 2024 financial year is carried forward and that no dividend is paid. Annonce • Feb 22
DFDS A/S Provides Earnings Guidance for the Year 2025 DFDS A/S provided earnings guidance for the year 2025. For the year, the company expects Revenue growth of around 5% and Group’s EBIT is in 2025 expected to be around DKK 1.0 billion. Annonce • Feb 21
DFDS A/S Announces Klaus Nyborg Declines Re-Election to the Board of Directors DFDS A/S announced that Klaus Nyborg does not seek re-election to the Board of Directors. Annonce • Jan 14
DFDS Launches Freight Route Between Spain and the Netherlands DFDS announces launching a weekly freight service connecting Spain and the Netherlands, aimed at serving the needs of industrial customers, freight forwarders and project cargo owners. In connection with the new route, DFDS and Hydro, a global aluminium and energy company, have signed an agreement for weekly shipment of aluminium. Starting from end May, the new route will connect the ports of Vilagarcía and Rotterdam, offering a seamless and direct ferry link from southern to central Europe. With the new service, DFDS offers a competitive alternative to road transport to meet demand for freight transportation within Europe. The RoRo (roll on – roll off) solution rolls aluminum products bound for customers onto cargo ships, eliminating the need for cranes and reducing safety risks from hanging loads. It also increases efficiency by reducing loading time in half, allowing ships to reduce speed and still deliver on time. This results in less fuel consumption and lower emissions. DFDS will operate Belgia Seaways on the route with a capacity of 2660 lanemeters . Annonce • Dec 16
DFDS A/S, Annual General Meeting, Mar 24, 2025 DFDS A/S, Annual General Meeting, Mar 24, 2025. Annonce • Nov 02
DFDS A/S Lowers Earnings Guidance for the Year 2024 DFDS A/S lowered earnings guidance for the year 2024. For the year, the company's EBIT 2024 outlook range is lowered to DKK 1.5 billion- DKK 1.7 billion from previously DKK 1.7 billion- DKK 2.1 billion. The revenue growth 2024 outlook is changed to 8-10% from previously 8-11% as revenue from Ekol Logistics was previously included in the revenue outlook. DFDS’ EBIT outlook range for 2024 is revised following results below expectations driven by mainly a more widespread slowdown in Europe than previously expected as well as intensified competition in northern European land transport markets and the Mediterranean freight ferry market. Annonce • Jul 22
DFDS A/S Revises Earnings Guidance for the Year 2024 DFDS A/S revised earnings guidance for the year 2024. For the period, Company EBIT range is consequently lowered to DKK 1.7 billion to DKK 2.1 billion from previously DKK 2.0 billion to DKK 2.4 billion. The revenue growth 2024 outlook of 8%-11%. Annonce • Apr 10
DFDS A/S Revises Earnings Guidance for the Year 2024 DFDS A/S revised earnings guidance for the year 2024. For the year, the company expects revenue is in 2024 now expected to increase by 8-11% compared to 2023 assuming the acquisition is closed at the beginning of Fourth Quarter 2024. The previously expected revenue increase in 2024 was 5-8%. The 2024 outlook for EBIT is unchanged DKK 2.0-2.4 billion. Board Change • Mar 21
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Minna Aila was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Mar 16
DFDS A/S Approves Dividend DFDS A/S at the Annual General Meeting held on March 15, 2024 approved decision to pay a dividend of DKK 3.00 per share. Annonce • Feb 22
DFDS A/S Proposes Dividend for the Year 2023 The Board of Directors of DFDS A/S proposed that a dividend of DKK 3.00 per share is distributed from the profit of the year and other funds available for distribution, at its AGM to be held on 15 March 2024. Annonce • Feb 20
DFDS A/S (CPSE:DFDS) commences an Equity Buyback Plan for 5,860,000 shares, under the authorization approved on March 22, 2023. DFDS A/S (CPSE:DFDS) commences share repurchases on February 12, 2024, under the program mandated by the shareholders in the Annual General Meeting held on March 22, 2023. As per the mandate, the company is authorized to repurchase up to 5,860,000 shares, for a nominal value of DKK 117.2 million, in such a way in a manner such that the company’s holding in treasury does not exceed 10% of its issued share capital. The purchase price of the shares cannot deviate by more than 10% from the listed acquisition price on Nasdaq Copenhagen at the time of acquisition. The program will expire on March 22, 2027. As of February 24, 2023, the company had 58,631,578 issued shares and outstanding shares.
On February 9, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to 3,400,000 shares, for DKK 431 million. The purpose of the program is to adjust the capital structure of the company, ultimately through cancellation of repurchased shares, and to meet obligations under the company’s share-based incentive schemes. The program will run from from February 12, 2024 to December 31, 2024. Annonce • Feb 09
DFDS A/S Provides Earnings Guidance for the Year 2024 DFDS A/S provided earnings guidance for the year 2024. Revenue is expected to grow by 5%-8% in 2024. The EBIT outlook for 2024 is DKK 2.0 billion - DKK 2.4 billion (2023: DKK 2.3 billion), and the Adjusted free cash flow is expected to be around DKK 1.5 billion. Board Change • Jan 11
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Minna Aila was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Jan 10
DFDS A/S (CPSE:DFDS) acquired FRS Iberia/Maroc from Förde Reederei Seetouristik GmbH & Co. KG. DFDS A/S (CPSE:DFDS) entered into an agreement to acquire FRS Iberia/Maroc from Förde Reederei Seetouristik GmbH & Co. KG for DKK 200 million on September 17, 2023. DFDS acquires FRS Iberia/Maroc for a debt-free price. The transaction will be financed by a combination of loan financing and use of existing cash funds. FRS Iberia’s current top management team Ronny Moriana Glindemann and Tim Gädecken will join DFDS and continue to manage the company post-closing. Closing of the transaction is subject to regulatory approval, including merger control clearance in both Spain and Morocco. The transaction is expected to be ROIC accretive vs the current return level and to be accretive to earnings per share (EPS) from closing. Transaction is expected to close at the end of 2023. Manuel Echeniqque; Carlos López-Quiroga; Tomás Arranz of Uría Menéndez acted as legal advisors for DFDS. Oliver Dino-Guida, Alexander Doll, Michael Drill, Inigo Gonzalez de Castejon, Daniel Konrath and Iván Marina of Lincoln International AG acted as financial advisor to FRS Iberia and Förde Reederei Seetouristik GmbH & Co. KG.
DFDS A/S (CPSE:DFDS) acquired FRS Iberia/Maroc from Förde Reederei Seetouristik GmbH & Co. KG on January 10, 2024. Annonce • Nov 17
DFDS A/S Provides Revenue Guidance for the Year 2023 DFDS A/S provided revenue guidance for the year 2023. For the year, the company expects Revenue around same level as 2022. Annonce • Nov 04
DFDS A/S Announces Step down of Karina Deacon as CFO DFDS A/S announced that Karina Deacon is stepping down from her position as CFO and member of DFDS’ Executive Board to pursue a non-executive career. Karina Deacon will remain in her position until no later than end of June 2024 to ensure continuity and a smooth transition to the new CFO. A recruitment process for a new CFO will now be initiated. Annonce • Nov 03
Dfds A/S Announces Step Down of Karina Deacon as Member of Executive Board DFDS A/S announced that Karina Deacon is stepping down from her position as CFO and member of DFDS’ Executive Board to pursue a non-executive career. Karina Deacon will remain in her position until no later than end of June 2024 to ensure continuity and a smooth transition to the new CFO. Annonce • Sep 19
DFDS A/S (CPSE:DFDS) entered into an agreement to acquire FRS Iberia/Maroc from Förde Reederei Seetouristik GmbH & Co. KG. DFDS A/S (CPSE:DFDS) entered into an agreement to acquire FRS Iberia/Maroc from Förde Reederei Seetouristik GmbH & Co. KG on September 17, 2023. DFDS acquires FRS Iberia/Maroc for a debt-free price. The transaction will be financed by a combination of loan financing and use of existing cash funds. Closing of the transaction is subject to regulatory approval, including merger control clearance in both Spain and Morocco. The transaction is expected to be ROIC accretive vs the current return level and to be accretive to earnings per share (EPS) from closing. Transaction is expected to close at the end of 2023. Board Change • Jun 23
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Minna Aila was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • May 11
DFDS A/S Provides Earnings Guidance for the Year 2023 DFDS A/S provided earnings guidance for the year 2023. For the year, the company expects revenue is therefore overall to remain at the same level as 2022. Board Change • Apr 19
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Minna Aila was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 16
Upcoming dividend of kr.5.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 27 March 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (14%). Board Change • Mar 11
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Minna Aila was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: kr.35.10 (vs kr.16.69 in FY 2021) Full year 2022 results: EPS: kr.35.10 (up from kr.16.69 in FY 2021). Revenue: kr.26.9b (up 47% from FY 2021). Net income: kr.2.01b (up 110% from FY 2021). Profit margin: 7.5% (up from 5.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 10% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Feb 18
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: kr.35.09 (vs kr.16.69 in FY 2021) Full year 2022 results: EPS: kr.35.09 (up from kr.16.69 in FY 2021). Revenue: kr.26.9b (up 50% from FY 2021). Net income: kr.2.01b (up 110% from FY 2021). Profit margin: 7.5% (up from 5.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Feb 09
DFDS A/S Proposes Dividend for the Year 2022 DFDS A/S proposed dividend for the year 2022. For the year, Dividend of DKK 286 million proposed plus DKK 300 million share buyback. Board Change • Jan 24
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Dec 24
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Nov 25
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Sep 30
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Apr 11
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Mar 30
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 23
High number of new directors Deputy Director Jesper Bern was the last director to join the board, commencing their role in 2022. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS kr.4.15 (vs kr.4.15 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: kr.4.41b (up 23% from 3Q 2020). Net income: kr.238.0m (flat on 3Q 2020). Profit margin: 5.4% (down from 6.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Nov 09
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 29
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 06
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS kr.5.24 (vs kr.0.20 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr.4.21b (up 51% from 2Q 2020). Net income: kr.301.0m (up kr.290.0m from 2Q 2020). Profit margin: 7.1% (up from 0.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Jul 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Dirk Reich was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 12
First quarter 2021 earnings released: EPS kr.2.91 (vs kr.1.36 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr.3.77b (down 1.2% from 1Q 2020). Net income: kr.168.0m (up 115% from 1Q 2020). Profit margin: 4.5% (up from 2.0% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 24
New 90-day high: kr.289 The company is up 5.0% from its price of kr.277 on 26 November 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.898 per share. Reported Earnings • Feb 11
Full year 2020 earnings released: EPS kr.7.56 (vs kr.22.89 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr.14.0b (down 16% from FY 2019). Net income: kr.433.0m (down 67% from FY 2019). Profit margin: 3.1% (down from 7.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue misses expectations Revenue missed analyst estimates by 0.08%. Over the next year, revenue is forecast to grow 15%, compared to a 17% growth forecast for the Shipping industry in the United Kingdom. Is New 90 Day High Low • Feb 07
New 90-day high: kr.285 The company is up 14% from its price of kr.249 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.1,200 per share. Is New 90 Day High Low • Dec 05
New 90-day high: kr.281 The company is up 25% from its price of kr.225 on 04 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.970 per share. Annonce • Aug 13
DFDS A/S Approves Proposal to Not Pay Dividend DFDS A/S annual general meeting (AGM) was held on 4 June 2020. In view of the reduced operational and financial visibility, the Board of Directors' proposal to not pay a dividend was approved at the general meeting.