View ValuationDFDS 향후 성장Future 기준 점검 3/6DFDS (는) 각각 연간 70.5% 및 2.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 70.7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 4.8% 로 예상됩니다.핵심 정보70.5%이익 성장률70.66%EPS 성장률Shipping 이익 성장7.2%매출 성장률2.9%향후 자기자본이익률4.81%애널리스트 커버리지Low마지막 업데이트07 May 2026최근 향후 성장 업데이트공시 • May 06DFDS A/S Maintains Earnings Outlook for the Year 2026DFDS A/S maintained earnings outlook for the year 2026. For the year, the company expects EBIT of DKK 1,000 million -1,400 million.공시 • Apr 16DFDS A/S Raises 2026 EBIT OutlookDFDS A/S announced that progress on five of the six turning points underpinning the 2026 EBIT outlook jointly performed ahead of expectations in first quarter 2026, with the largest contribution coming from the Mediterranean ferry network. Further improvements are expected in the following quarters. The sixth turning point performed in line with expectations. The significant increase in the oil price – as well as in the price spread between high and low sulphur oil types – from the beginning of March 2026 entailed a negative financial impact in the month which is expected to reverse to a positive impact in second quarter 2026 given current price spread levels. On this basis, the 2026 EBIT outlook is raised to DKK 1,000 million to DKK 1,400 million from previously DKK 800 million to DKK 1,100 million.공시 • Feb 20DFDS A/S Provides Earnings Guidance for the Full Year 2026DFDS 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.공시 • Nov 07DFDS A/S Updates Earnings Guidance for the Fiscal Year 2025DFDS 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.공시 • Feb 22DFDS A/S Provides Earnings Guidance for the Year 2025DFDS 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.공시 • Nov 02DFDS A/S Lowers Earnings Guidance for the Year 2024DFDS 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.모든 업데이트 보기Recent updatesBoard Change • May 21Less than half of directors are independentFollowing 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.공시 • May 06DFDS A/S Maintains Earnings Outlook for the Year 2026DFDS A/S maintained earnings outlook for the year 2026. For the year, the company expects EBIT of DKK 1,000 million -1,400 million.공시 • Apr 16DFDS A/S Raises 2026 EBIT OutlookDFDS A/S announced that progress on five of the six turning points underpinning the 2026 EBIT outlook jointly performed ahead of expectations in first quarter 2026, with the largest contribution coming from the Mediterranean ferry network. Further improvements are expected in the following quarters. The sixth turning point performed in line with expectations. The significant increase in the oil price – as well as in the price spread between high and low sulphur oil types – from the beginning of March 2026 entailed a negative financial impact in the month which is expected to reverse to a positive impact in second quarter 2026 given current price spread levels. On this basis, the 2026 EBIT outlook is raised to DKK 1,000 million to DKK 1,400 million from previously DKK 800 million to DKK 1,100 million.공시 • Mar 25+ 1 more updateDFDS A/S Announces CEO ChangesDFDS’ CEO succession process was initiated on November 6, 2025 to bring in new perspectives to lead DFDS’ ongoing transition towards a higher level of business and financial performance. Torben Carlsen will therefore step down as CEO on April 17, 2026. Karen Boesen, CFO has been appointed Interim CEO effective from April 18, 2026. Michael Hansen will join DFDS on July 1, 2026 following his appointment as President & CEO for DFDS in January 2026.공시 • Feb 20DFDS A/S Provides Earnings Guidance for the Full Year 2026DFDS 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.공시 • Jan 12+ 1 more updateDFDS A/S Announces Executive Changes, Effective Latest 1 July 2026DFDS A/S appointed Michael Hansen as President effective from latest 1 July 2026. Michael Hansen is currently President & CEO of Hempel and succeeds Torben Carlsen who is expected to step down as President on the same date. Michael Hansen is a global executive with extensive leadership experience in shipping, transport, and industrial businesses. As President & CEO of Hempel, he has led a strategic transformation that has lifted financial performance, strengthened cash flow, and improved operational scalability. Prior to Hempel, he spent nearly two decades with A.P. Moller - Maersk, holding senior management roles across Europe, Latin America, and Oceania, including CEO of Seago Line and Global Head of Sales for Maersk Line. CV overview for Michael Hansen: 2017 – present: Group President & CEO, Hempel. Prior positions before becoming CEO in 2022: Executive Vice President, Energy & Infrastructure, and Group Executive Vice President & Chief Commercial Officer. 2016 – 2017: Vice President, Global Head of Sales, Maersk Line. 2015 – 2015: CEO, Seago Line. 1998 – 2015: Various management positions, Maersk Line. Positions included Managing Director, Line Manager, and Sales Director. Locations included Mexico, Spain, and New Zealand.Board Change • Dec 30Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not 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 Minna Aila was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Dec 12DFDS A/S, Annual General Meeting, Mar 25, 2026DFDS A/S, Annual General Meeting, Mar 25, 2026. Location: marmorvej 18, dk-2100, copenhagen Denmark공시 • Dec 11+ 3 more updatesDFDS A/S to Report Q3, 2026 Results on Nov 05, 2026DFDS A/S announced that they will report Q3, 2026 results on Nov 05, 2026공시 • Nov 08DFDS Announces CEO Succession PlanDFDS'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.공시 • Nov 07DFDS A/S Updates Earnings Guidance for the Fiscal Year 2025DFDS 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.공시 • Feb 23DFDS A/S Proposes Omits to Pay Dividend for 2024DFDS 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.공시 • Feb 22DFDS A/S Provides Earnings Guidance for the Year 2025DFDS 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.공시 • Feb 21DFDS A/S Announces Klaus Nyborg Declines Re-Election to the Board of DirectorsDFDS A/S announced that Klaus Nyborg does not seek re-election to the Board of Directors.공시 • Jan 14DFDS Launches Freight Route Between Spain and the NetherlandsDFDS 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 .Board Change • Dec 30High number of new directorsThere 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.공시 • Dec 16DFDS A/S, Annual General Meeting, Mar 24, 2025DFDS A/S, Annual General Meeting, Mar 24, 2025.공시 • Dec 13+ 3 more updatesDFDS A/S to Report Q2, 2025 Results on Aug 20, 2025DFDS A/S announced that they will report Q2, 2025 results at 7:30 AM, Central European Standard Time on Aug 20, 2025Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: kr.10.37 (vs kr.11.72 in 3Q 2023)Third quarter 2024 results: EPS: kr.10.37 (down from kr.11.72 in 3Q 2023). Revenue: kr.7.97b (up 11% from 3Q 2023). Net income: kr.569.0m (down 14% from 3Q 2023). Profit margin: 7.1% (down from 9.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.공시 • Nov 02DFDS A/S Lowers Earnings Guidance for the Year 2024DFDS 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.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: kr.5.15 (vs kr.9.53 in 2Q 2023)Second quarter 2024 results: EPS: kr.5.15 (down from kr.9.53 in 2Q 2023). Revenue: kr.7.58b (up 9.2% from 2Q 2023). Net income: kr.286.0m (down 47% from 2Q 2023). Profit margin: 3.8% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.공시 • Jul 22DFDS A/S Revises Earnings Guidance for the Year 2024DFDS 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%.New Risk • May 08New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin).Reported Earnings • May 08First quarter 2024 earnings released: EPS: kr.0.089 (vs kr.2.28 in 1Q 2023)First quarter 2024 results: EPS: kr.0.089 (down from kr.2.28 in 1Q 2023). Revenue: kr.7.01b (up 11% from 1Q 2023). Net loss: kr.50.0m (down 139% from profit in 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.공시 • Apr 20+ 1 more updateDFDS A/S Announces That Karen Dyrskjøt Boesen Will Join Group’s Executive Board as Well as the Executive Management TeamDFDS A/S announces that Karen Dyrskjøt Boesen will join Torben Carlsen in the Group’s Executive Board as well as the Executive Management Team. Karen Dyrskjøt Boesen (53) has a strong background from both Danish and international companies with executive roles spanning the commercial and business development side to strategy, finance, and performance related roles. Karen comes from a position as Group CFO at Sonnedix that is a leading international renewable solar and wind energy producer. In Karen’s new role as Group CFO at DFDS, a key focus area will be to drive financial performance, including process standardisation, and contribute to meeting the financial ambitions set for 2026. DFDS’ green transition will also be a high priority matching Karen’s extensive experience from energy companies.공시 • Apr 10DFDS A/S Revises Earnings Guidance for the Year 2024DFDS 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.공시 • Mar 16DFDS A/S Approves DividendDFDS A/S at the Annual General Meeting held on March 15, 2024 approved decision to pay a dividend of DKK 3.00 per share.Upcoming Dividend • Mar 11Upcoming dividend of kr.3.00 per shareEligible shareholders must have bought the stock before 18 March 2024. Payment date: 20 March 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (17%).Reported Earnings • Feb 25Full year 2023 earnings released: EPS: kr.26.64 (vs kr.35.10 in FY 2022)Full year 2023 results: EPS: kr.26.64 (down from kr.35.10 in FY 2022). Revenue: kr.27.3b (up 1.6% from FY 2022). Net income: kr.1.50b (down 25% from FY 2022). Profit margin: 5.5% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.공시 • Feb 22DFDS A/S Proposes Dividend for the Year 2023The 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.공시 • Feb 20DFDS 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.Declared Dividend • Feb 19Dividend of kr.3.00 announcedShareholders will receive a dividend of kr.3.00. Ex-date: 18th March 2024 Payment date: 20th March 2024 Dividend yield will be 10%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 11Full year 2023 earnings released: EPS: kr.26.64 (vs kr.35.10 in FY 2022)Full year 2023 results: EPS: kr.26.64 (down from kr.35.10 in FY 2022). Revenue: kr.27.3b (up 1.6% from FY 2022). Net income: kr.1.50b (down 25% from FY 2022). Profit margin: 5.5% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Feb 09DFDS A/S Provides Earnings Guidance for the Year 2024DFDS 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.공시 • Jan 10DFDS 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.공시 • Dec 18+ 5 more updatesDFDS A/S to Report Q1, 2024 Results on May 08, 2024DFDS A/S announced that they will report Q1, 2024 results on May 08, 2024공시 • Nov 17DFDS A/S Provides Revenue Guidance for the Year 2023DFDS A/S provided revenue guidance for the year 2023. For the year, the company expects Revenue around same level as 2022.Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: kr.11.72 (vs kr.14.21 in 3Q 2022)Third quarter 2023 results: EPS: kr.11.72 (down from kr.14.21 in 3Q 2022). Revenue: kr.7.19b (flat on 3Q 2022). Net income: kr.658.0m (down 19% from 3Q 2022). Profit margin: 9.2% (down from 11% in 3Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.6% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.공시 • Nov 04DFDS A/S Announces Step down of Karina Deacon as CFODFDS 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.공시 • Nov 03Dfds A/S Announces Step Down of Karina Deacon as Member of Executive BoardDFDS 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.공시 • Sep 19DFDS 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.공시 • Sep 18+ 1 more updateDfds A/S Appoints Ronny Moriana Glindemann and Tim GädeckenDFDS A/S announced that FRS Iberia's current top management team consisting of Ronny Moriana Glindemann and Tim Gädecken will join DFDS and continue to manage the company post-closing.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: kr.9.53 (vs kr.12.23 in 2Q 2022)Second quarter 2023 results: EPS: kr.9.53 (down from kr.12.23 in 2Q 2022). Revenue: kr.6.94b (down 1.5% from 2Q 2022). Net income: kr.536.0m (down 23% from 2Q 2022). Profit margin: 7.7% (down from 9.9% in 2Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • May 12First quarter 2023 earnings released: EPS: kr.2.28 (vs kr.1.94 in 1Q 2022)First quarter 2023 results: EPS: kr.2.28 (up from kr.1.94 in 1Q 2022). Revenue: kr.6.34b (up 11% from 1Q 2022). Net income: kr.129.0m (up 16% from 1Q 2022). Profit margin: 2.0% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.7% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.공시 • May 11DFDS A/S Provides Earnings Guidance for the Year 2023DFDS 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.Upcoming Dividend • Mar 16Upcoming dividend of kr.5.00 per share at 1.8% yieldEligible 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 German dividend payers (4.8%). Lower than average of industry peers (14%).Reported Earnings • Feb 13Full 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.공시 • Feb 09+ 1 more updateDFDS A/S Provides Earnings Guidance for the Year 2023DFDS A/S provided earnings guidance for the year 2023. For the year, revenue is therefore overall expected to remain at the same level as 2022.공시 • Dec 31DFDS A/S (CPSE : DFDS) entered into an agreement to acquire McBurney Transport Group for DKK 1200 million.DFDS A/S (CPSE : DFDS) entered into an agreement to acquire McBurney Transport Group for DKK 1200 million on December 29, 2022. The consideration will be paid on a debt-free basis. The transaction will be funded by existing cash funds. In 2021, McBurney’s revenue was DKK 1000 million and EBIDTA was DKK 160 million. Closing of the transaction is subject to regulatory approval.공시 • Dec 13+ 5 more updatesDFDS A/S to Report Q4, 2022 Results on Feb 09, 2023DFDS A/S announced that they will report Q4, 2022 results on Feb 09, 2023Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: kr.14.21 (vs kr.4.15 in 3Q 2021)Third quarter 2022 results: EPS: kr.14.21 (up from kr.4.15 in 3Q 2021). Revenue: kr.7.21b (up 64% from 3Q 2021). Net income: kr.814.0m (up 242% from 3Q 2021). Profit margin: 11% (up from 5.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Nov 17DFDS A/S Raises Revenue Guidance for 2022DFDS A/S raised revenue guidance for 2022. For the year company's revenue growth outlook is raised to around 45% from previously around 40%.Board Change • Nov 16Less than half of directors are independentThere 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 • Aug 21Second quarter 2022 earnings released: EPS: kr.12.23 (vs kr.5.24 in 2Q 2021)Second quarter 2022 results: EPS: kr.12.23 (up from kr.5.24 in 2Q 2021). Revenue: kr.7.05b (up 67% from 2Q 2021). Net income: kr.700.0m (up 133% from 2Q 2021). Profit margin: 9.9% (up from 7.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.3% while the Shipping industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공시 • Aug 17+ 1 more updateDFDS A/S Confirms Extraordinary DividendDFDS A/S confirmed Extraordinary dividend of DKK 4.00 per share.공시 • Jul 26DFDS A/S (CPSE:DFDS) agreed to acquire Lucey Transport Logistics Limited.DFDS A/S (CPSE:DFDS) agreed to acquire Lucey Transport Logistics Limited on July 25, 2022. Annual revenue was DKK 240m (EUR 32m) in 2021. The transaction is subject to approval by relevant competition authorities. The transaction has no material impact on DFDS’ outlook for 2022.Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improved over the past weekAfter last week's 15% share price gain to €32.82, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Shipping industry in Europe. Total loss to shareholders of 3.0% over the past three years.공시 • Jul 18DFDS A/S Raises Revenue Outlook for the Year 2022DFDS A/S announced that the revenue growth outlook for the year 2022 is raised to around 35% from previously around 30%.공시 • Jul 07DFDS A/S Announces Executive ChangesDFDS A/S appointed Mathieu Girardin has been appointed Head of Ferry Division, EVP, and member of the Executive Management Team (EMT) succeeding Peder Gellert Pedersen who retires on 1 August 2022 He will join DFDS in October 2022. Mathieu Girardin, a French national born in 1982, is currently Senior Vice President at CMA CGM, one of the world's large shipping and logistics companies, for Short Sea Lines Europe and Containerships. He has held senior management positions at CMA CGM since 2013, including both operational and corporate responsibilities. Mathieu Girardin graduated from ESCP Europe (Master's in Management) in 2005 and from INSEAD (Executive MBA) in 2018.Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €29.78, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Shipping industry in Europe. Total loss to shareholders of 15% over the past three years.공시 • May 12+ 1 more updateDFDS A/S (CPSE:DFDS) acquired Primerail Gmbh.DFDS A/S (CPSE:DFDS) acquired Primerail Gmbh on May 11, 2022. Primerail will become a newbusiness area Rail for DFDS and will be led by Patrick Zilles, the current head of Primerail. DFDS A/S (CPSE:DFDS) completed the acquisition of Primerail Gmbh on May 11, 2022.Board Change • Apr 27Less than half of directors are independentThere are 7 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: 7 new directors. 2 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Director Jill Melby is the most experienced director on the board, commencing their role in 2001. 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. Lack of experienced directors.Board Change • Mar 30Less than half of directors are independentFollowing 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 23High number of new directorsDeputy Director Jesper Bern was the last director to join the board, commencing their role in 2022.Upcoming Dividend • Mar 17Upcoming dividend of kr.4.00 per shareEligible shareholders must have bought the stock before 24 March 2022. Payment date: 28 March 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (9.1%).Reported Earnings • Feb 09Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: kr.16.69 (up from kr.7.56 in FY 2020). Revenue: kr.17.9b (up 28% from FY 2020). Net income: kr.958.0m (up 121% from FY 2020). Profit margin: 5.4% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 18%, compared to a 31% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.공시 • Feb 09DFDS A/S Proposes Dividend for the Year 2022The Board of Directors of DFDS A/S plans to pay a total dividend of DKK 8.00 per share in 2022 as financial leverage is, all else being equal, expected to move towards the target leverage range in 2022. The dividend is planned to be paid in two instalments of DKK 4.00 per share in March and August, respectively.공시 • Feb 08DFDS A/S Provides Group Earning Guidance for 2022DFDS A/S provided Group earning guidance for 2022. The Group’s revenue is expected to increase by 23-27% compared to 2021.Reported Earnings • Nov 18Third 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 11% per year, which means it is well ahead of earnings.공시 • Sep 17DFDS A/S (CPSE:DFDS) agreed to acquire the remaining 80.1% stake in ICT Logistics A/s.DFDS A/S (CPSE:DFDS) agreed to acquire the remaining 80.1% stake in ICT Logistics A/s on September 15, 2021. ICT Logistics will be consolidated in the DFDS Group once the transaction is closed. ICT Logistics A/s reported annual revenues of DKK 260 million. The transaction is subject to approval by relevant competition authorities. The transaction has no material impact on DFDS’ outlook for 2021.공시 • Sep 15DFDS A/S (CPSE:DFDS) completed the acquisition of HSF Logistics Nijmegen B.V. from Simon Frederiks and others for DKK 2.5 million.DFDS A/S (CPSE:DFDS) entered into an agreement to acquire HSF Logistics Nijmegen B.V. from Simon Frederiks and others for an enterprise value of DKK 2.2 billion on January 25, 2021. DFDS will acquire the HSF Logistics Group for a debt-free price of DKK 2.2 billion. Non-voting preference shares will be issued and owned by the sellers. DFDS has a call option to redeem the preference shares over a planned three-year period. DKK 930 million will be paid on closing. Over the following three years, DKK 270 million is planned to be paid each year to redeem the preference shares. Estimated DKK 460 million of net interest-bearing debt (excluding IFRS 16 lease obligations) will be taken over as part of the transaction. The transaction structure, including preference shares, gives DFDS 100% control and the HSF Logistics Group will therefore be fully consolidated in the DFDS Group from closing. DFDS will use existing cash funds for the initial payment of DKK 930 million. HSF Logistics Group has revenue of DKK 2.8 billion and EBITDA of DKK 320 million. Martin Gade Gregersen, currently Chief Executive officer of HSF Logistics Group, is appointed Head of Cold Chain in DFDS, reporting to Niklas Andersson, EVP & Head of Logistics Division. In view of the importance and growth opportunities of Cold Chain, Martin Gade Gregersen is also appointed member of DFDS’ Executive Management Team (EMT). Closing of the transaction is subject to regulatory approval and completion of required employee consultation processes and expected to take place in around three months. As of September 6, 2021, The EU Commission approved DFDS’ acquisition of the HSF Logistics. The closing of the transaction is expected to be completed on September 14, 2021. The integration of the HSF Logistics Group is expected to generate both commercial and cost synergies as well as synergies from addition of volumes to DFDS’ transport infrastructure of ferry routes and ports. DFDS’ financial leverage, NIBD/EBITDA, is expected to be unchanged by the transaction. The transaction is expected to be accretive to earnings per share (EPS) from closing. Oscar Nettl, Achim Boden, Victor Sperling and Daan Goossen of Coöperatieve Rabobank U.A. acted as a financial advisor to HSF Logistics Nijmegen B.V. KPMG acted as advisor to HSF Logistics Nijmegen B.V in the deal. DFDS A/S (CPSE:DFDS) completed the acquisition of HSF Logistics Nijmegen B.V. from Simon Frederiks and others for DKK 2.5 million on September 14, 2021.Reported Earnings • Aug 18Second 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 6% per year, which means it is well ahead of earnings.공시 • Aug 18DFDS A/S (CPSE:DFDS) commences an Equity Buyback Plan for 5,860,000 shares, representing 10% of its issued share capital, under the authorization approved on March 23, 2021.DFDS A/S (CPSE:DFDS) commences a share repurchases in the second quarter of 2021, under the program mandated by the shareholders in the Annual General Meeting held on March 23, 2021. 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 that the company’s total number of own shares cannot at any time exceed 10% of the company’s share capital. The price 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 23, 2025. As of February 23, 2021, the company had 58,631,578 share in outstanding.Reported Earnings • May 12First 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.공시 • May 11DFDS A/S Provides Earnings Guidance for the Fiscal Year 2021DFDS A/S provided earnings guidance for the fiscal year 2021. For the period, the company expects revenue growth to be 20% to 25%.Is New 90 Day High Low • Feb 27New 90-day high: €39.94The company is up 10.0% from its price of €36.42 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €124 per share.Reported Earnings • Feb 11Full 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.이익 및 매출 성장 예측DB:29K - 애널리스트 향후 추정치 및 과거 재무 데이터 (DKK Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202833,5559751,7894,078412/31/202732,6355881,3463,707412/31/202632,2555261,7403,55843/31/202630,764-2761,7953,443N/A12/31/202530,950-4271,7243,300N/A9/30/202530,840-4131,5872,980N/A6/30/202530,511-1212,0343,414N/A3/31/202530,2812552,3353,711N/A12/31/202429,7535341,8373,420N/A9/30/202429,3899951,6233,376N/A6/30/202428,6131,0821,7173,468N/A3/31/202427,9741,3301,5013,136N/A12/31/202327,3041,5162,0163,675N/A9/30/202327,0141,7112,3634,138N/A6/30/202327,1481,8682,1234,302N/A3/31/202327,3772,0352,2784,771N/A12/31/202226,8732,0101,6374,480N/A9/30/202226,2231,8761,0284,242N/A6/30/202223,3051,3021,4634,080N/A3/31/202220,3489011,2573,483N/A12/31/202118,2799581,5803,208N/A9/30/202116,1498132,2073,133N/A6/30/202115,3408121,7052,905N/A3/31/202113,9265231,1572,573N/A12/31/202013,9714338122,499N/A9/30/202014,2184543612,504N/A6/30/202015,0938452702,358N/A3/31/202016,5351,2672832,736N/A12/31/201916,5921,309N/A2,997N/A9/30/201916,5381,647N/A2,598N/A6/30/201916,4491,620N/A2,724N/A3/31/201916,1021,594N/A2,582N/A12/31/201815,7171,630N/A2,289N/A9/30/201815,2591,461N/A2,650N/A6/30/201814,7991,545N/A2,667N/A3/31/201814,5931,623N/A2,551N/A12/31/201714,3281,617N/A2,622N/A9/30/201714,1811,594N/A2,573N/A6/30/201714,0581,616N/A2,533N/A3/31/201713,9231,555N/A2,560N/A12/31/201613,7901,548N/A2,589N/A9/30/201613,7631,481N/A2,569N/A6/30/201613,7571,343N/A2,486N/A3/31/201613,6361,182N/A2,372N/A12/31/201513,4741,012N/A2,116N/A9/30/201513,208819N/A1,710N/A6/30/201512,983598N/A1,425N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 29K 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.9%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 29K (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 29K 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 29K 의 수익(연간 2.9%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 29K 의 수익(연간 2.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 29K의 자본 수익률은 3년 후 4.8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTransportation 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 01:17종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스DFDS A/S는 6명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Marcus BellanderCarnegie Investment Bank ABUlrik BakDanske BankDan JensenDNB Carnegie3명의 분석가 더 보기
공시 • May 06DFDS A/S Maintains Earnings Outlook for the Year 2026DFDS A/S maintained earnings outlook for the year 2026. For the year, the company expects EBIT of DKK 1,000 million -1,400 million.
공시 • Apr 16DFDS A/S Raises 2026 EBIT OutlookDFDS A/S announced that progress on five of the six turning points underpinning the 2026 EBIT outlook jointly performed ahead of expectations in first quarter 2026, with the largest contribution coming from the Mediterranean ferry network. Further improvements are expected in the following quarters. The sixth turning point performed in line with expectations. The significant increase in the oil price – as well as in the price spread between high and low sulphur oil types – from the beginning of March 2026 entailed a negative financial impact in the month which is expected to reverse to a positive impact in second quarter 2026 given current price spread levels. On this basis, the 2026 EBIT outlook is raised to DKK 1,000 million to DKK 1,400 million from previously DKK 800 million to DKK 1,100 million.
공시 • Feb 20DFDS A/S Provides Earnings Guidance for the Full Year 2026DFDS 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.
공시 • Nov 07DFDS A/S Updates Earnings Guidance for the Fiscal Year 2025DFDS 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.
공시 • Feb 22DFDS A/S Provides Earnings Guidance for the Year 2025DFDS 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.
공시 • Nov 02DFDS A/S Lowers Earnings Guidance for the Year 2024DFDS 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.
Board Change • May 21Less than half of directors are independentFollowing 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.
공시 • May 06DFDS A/S Maintains Earnings Outlook for the Year 2026DFDS A/S maintained earnings outlook for the year 2026. For the year, the company expects EBIT of DKK 1,000 million -1,400 million.
공시 • Apr 16DFDS A/S Raises 2026 EBIT OutlookDFDS A/S announced that progress on five of the six turning points underpinning the 2026 EBIT outlook jointly performed ahead of expectations in first quarter 2026, with the largest contribution coming from the Mediterranean ferry network. Further improvements are expected in the following quarters. The sixth turning point performed in line with expectations. The significant increase in the oil price – as well as in the price spread between high and low sulphur oil types – from the beginning of March 2026 entailed a negative financial impact in the month which is expected to reverse to a positive impact in second quarter 2026 given current price spread levels. On this basis, the 2026 EBIT outlook is raised to DKK 1,000 million to DKK 1,400 million from previously DKK 800 million to DKK 1,100 million.
공시 • Mar 25+ 1 more updateDFDS A/S Announces CEO ChangesDFDS’ CEO succession process was initiated on November 6, 2025 to bring in new perspectives to lead DFDS’ ongoing transition towards a higher level of business and financial performance. Torben Carlsen will therefore step down as CEO on April 17, 2026. Karen Boesen, CFO has been appointed Interim CEO effective from April 18, 2026. Michael Hansen will join DFDS on July 1, 2026 following his appointment as President & CEO for DFDS in January 2026.
공시 • Feb 20DFDS A/S Provides Earnings Guidance for the Full Year 2026DFDS 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.
공시 • Jan 12+ 1 more updateDFDS A/S Announces Executive Changes, Effective Latest 1 July 2026DFDS A/S appointed Michael Hansen as President effective from latest 1 July 2026. Michael Hansen is currently President & CEO of Hempel and succeeds Torben Carlsen who is expected to step down as President on the same date. Michael Hansen is a global executive with extensive leadership experience in shipping, transport, and industrial businesses. As President & CEO of Hempel, he has led a strategic transformation that has lifted financial performance, strengthened cash flow, and improved operational scalability. Prior to Hempel, he spent nearly two decades with A.P. Moller - Maersk, holding senior management roles across Europe, Latin America, and Oceania, including CEO of Seago Line and Global Head of Sales for Maersk Line. CV overview for Michael Hansen: 2017 – present: Group President & CEO, Hempel. Prior positions before becoming CEO in 2022: Executive Vice President, Energy & Infrastructure, and Group Executive Vice President & Chief Commercial Officer. 2016 – 2017: Vice President, Global Head of Sales, Maersk Line. 2015 – 2015: CEO, Seago Line. 1998 – 2015: Various management positions, Maersk Line. Positions included Managing Director, Line Manager, and Sales Director. Locations included Mexico, Spain, and New Zealand.
Board Change • Dec 30Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not 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 Minna Aila was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Dec 12DFDS A/S, Annual General Meeting, Mar 25, 2026DFDS A/S, Annual General Meeting, Mar 25, 2026. Location: marmorvej 18, dk-2100, copenhagen Denmark
공시 • Dec 11+ 3 more updatesDFDS A/S to Report Q3, 2026 Results on Nov 05, 2026DFDS A/S announced that they will report Q3, 2026 results on Nov 05, 2026
공시 • Nov 08DFDS Announces CEO Succession PlanDFDS'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.
공시 • Nov 07DFDS A/S Updates Earnings Guidance for the Fiscal Year 2025DFDS 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.
공시 • Feb 23DFDS A/S Proposes Omits to Pay Dividend for 2024DFDS 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.
공시 • Feb 22DFDS A/S Provides Earnings Guidance for the Year 2025DFDS 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.
공시 • Feb 21DFDS A/S Announces Klaus Nyborg Declines Re-Election to the Board of DirectorsDFDS A/S announced that Klaus Nyborg does not seek re-election to the Board of Directors.
공시 • Jan 14DFDS Launches Freight Route Between Spain and the NetherlandsDFDS 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 .
Board Change • Dec 30High number of new directorsThere 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.
공시 • Dec 16DFDS A/S, Annual General Meeting, Mar 24, 2025DFDS A/S, Annual General Meeting, Mar 24, 2025.
공시 • Dec 13+ 3 more updatesDFDS A/S to Report Q2, 2025 Results on Aug 20, 2025DFDS A/S announced that they will report Q2, 2025 results at 7:30 AM, Central European Standard Time on Aug 20, 2025
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: kr.10.37 (vs kr.11.72 in 3Q 2023)Third quarter 2024 results: EPS: kr.10.37 (down from kr.11.72 in 3Q 2023). Revenue: kr.7.97b (up 11% from 3Q 2023). Net income: kr.569.0m (down 14% from 3Q 2023). Profit margin: 7.1% (down from 9.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.
공시 • Nov 02DFDS A/S Lowers Earnings Guidance for the Year 2024DFDS 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.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: kr.5.15 (vs kr.9.53 in 2Q 2023)Second quarter 2024 results: EPS: kr.5.15 (down from kr.9.53 in 2Q 2023). Revenue: kr.7.58b (up 9.2% from 2Q 2023). Net income: kr.286.0m (down 47% from 2Q 2023). Profit margin: 3.8% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
공시 • Jul 22DFDS A/S Revises Earnings Guidance for the Year 2024DFDS 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%.
New Risk • May 08New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin).
Reported Earnings • May 08First quarter 2024 earnings released: EPS: kr.0.089 (vs kr.2.28 in 1Q 2023)First quarter 2024 results: EPS: kr.0.089 (down from kr.2.28 in 1Q 2023). Revenue: kr.7.01b (up 11% from 1Q 2023). Net loss: kr.50.0m (down 139% from profit in 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
공시 • Apr 20+ 1 more updateDFDS A/S Announces That Karen Dyrskjøt Boesen Will Join Group’s Executive Board as Well as the Executive Management TeamDFDS A/S announces that Karen Dyrskjøt Boesen will join Torben Carlsen in the Group’s Executive Board as well as the Executive Management Team. Karen Dyrskjøt Boesen (53) has a strong background from both Danish and international companies with executive roles spanning the commercial and business development side to strategy, finance, and performance related roles. Karen comes from a position as Group CFO at Sonnedix that is a leading international renewable solar and wind energy producer. In Karen’s new role as Group CFO at DFDS, a key focus area will be to drive financial performance, including process standardisation, and contribute to meeting the financial ambitions set for 2026. DFDS’ green transition will also be a high priority matching Karen’s extensive experience from energy companies.
공시 • Apr 10DFDS A/S Revises Earnings Guidance for the Year 2024DFDS 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.
공시 • Mar 16DFDS A/S Approves DividendDFDS A/S at the Annual General Meeting held on March 15, 2024 approved decision to pay a dividend of DKK 3.00 per share.
Upcoming Dividend • Mar 11Upcoming dividend of kr.3.00 per shareEligible shareholders must have bought the stock before 18 March 2024. Payment date: 20 March 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (17%).
Reported Earnings • Feb 25Full year 2023 earnings released: EPS: kr.26.64 (vs kr.35.10 in FY 2022)Full year 2023 results: EPS: kr.26.64 (down from kr.35.10 in FY 2022). Revenue: kr.27.3b (up 1.6% from FY 2022). Net income: kr.1.50b (down 25% from FY 2022). Profit margin: 5.5% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
공시 • Feb 22DFDS A/S Proposes Dividend for the Year 2023The 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.
공시 • Feb 20DFDS 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.
Declared Dividend • Feb 19Dividend of kr.3.00 announcedShareholders will receive a dividend of kr.3.00. Ex-date: 18th March 2024 Payment date: 20th March 2024 Dividend yield will be 10%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 11Full year 2023 earnings released: EPS: kr.26.64 (vs kr.35.10 in FY 2022)Full year 2023 results: EPS: kr.26.64 (down from kr.35.10 in FY 2022). Revenue: kr.27.3b (up 1.6% from FY 2022). Net income: kr.1.50b (down 25% from FY 2022). Profit margin: 5.5% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Feb 09DFDS A/S Provides Earnings Guidance for the Year 2024DFDS 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.
공시 • Jan 10DFDS 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.
공시 • Dec 18+ 5 more updatesDFDS A/S to Report Q1, 2024 Results on May 08, 2024DFDS A/S announced that they will report Q1, 2024 results on May 08, 2024
공시 • Nov 17DFDS A/S Provides Revenue Guidance for the Year 2023DFDS A/S provided revenue guidance for the year 2023. For the year, the company expects Revenue around same level as 2022.
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: kr.11.72 (vs kr.14.21 in 3Q 2022)Third quarter 2023 results: EPS: kr.11.72 (down from kr.14.21 in 3Q 2022). Revenue: kr.7.19b (flat on 3Q 2022). Net income: kr.658.0m (down 19% from 3Q 2022). Profit margin: 9.2% (down from 11% in 3Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.6% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
공시 • Nov 04DFDS A/S Announces Step down of Karina Deacon as CFODFDS 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.
공시 • Nov 03Dfds A/S Announces Step Down of Karina Deacon as Member of Executive BoardDFDS 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.
공시 • Sep 19DFDS 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.
공시 • Sep 18+ 1 more updateDfds A/S Appoints Ronny Moriana Glindemann and Tim GädeckenDFDS A/S announced that FRS Iberia's current top management team consisting of Ronny Moriana Glindemann and Tim Gädecken will join DFDS and continue to manage the company post-closing.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: kr.9.53 (vs kr.12.23 in 2Q 2022)Second quarter 2023 results: EPS: kr.9.53 (down from kr.12.23 in 2Q 2022). Revenue: kr.6.94b (down 1.5% from 2Q 2022). Net income: kr.536.0m (down 23% from 2Q 2022). Profit margin: 7.7% (down from 9.9% in 2Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • May 12First quarter 2023 earnings released: EPS: kr.2.28 (vs kr.1.94 in 1Q 2022)First quarter 2023 results: EPS: kr.2.28 (up from kr.1.94 in 1Q 2022). Revenue: kr.6.34b (up 11% from 1Q 2022). Net income: kr.129.0m (up 16% from 1Q 2022). Profit margin: 2.0% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.7% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
공시 • May 11DFDS A/S Provides Earnings Guidance for the Year 2023DFDS 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.
Upcoming Dividend • Mar 16Upcoming dividend of kr.5.00 per share at 1.8% yieldEligible 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 German dividend payers (4.8%). Lower than average of industry peers (14%).
Reported Earnings • Feb 13Full 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.
공시 • Feb 09+ 1 more updateDFDS A/S Provides Earnings Guidance for the Year 2023DFDS A/S provided earnings guidance for the year 2023. For the year, revenue is therefore overall expected to remain at the same level as 2022.
공시 • Dec 31DFDS A/S (CPSE : DFDS) entered into an agreement to acquire McBurney Transport Group for DKK 1200 million.DFDS A/S (CPSE : DFDS) entered into an agreement to acquire McBurney Transport Group for DKK 1200 million on December 29, 2022. The consideration will be paid on a debt-free basis. The transaction will be funded by existing cash funds. In 2021, McBurney’s revenue was DKK 1000 million and EBIDTA was DKK 160 million. Closing of the transaction is subject to regulatory approval.
공시 • Dec 13+ 5 more updatesDFDS A/S to Report Q4, 2022 Results on Feb 09, 2023DFDS A/S announced that they will report Q4, 2022 results on Feb 09, 2023
Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: kr.14.21 (vs kr.4.15 in 3Q 2021)Third quarter 2022 results: EPS: kr.14.21 (up from kr.4.15 in 3Q 2021). Revenue: kr.7.21b (up 64% from 3Q 2021). Net income: kr.814.0m (up 242% from 3Q 2021). Profit margin: 11% (up from 5.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Nov 17DFDS A/S Raises Revenue Guidance for 2022DFDS A/S raised revenue guidance for 2022. For the year company's revenue growth outlook is raised to around 45% from previously around 40%.
Board Change • Nov 16Less than half of directors are independentThere 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 • Aug 21Second quarter 2022 earnings released: EPS: kr.12.23 (vs kr.5.24 in 2Q 2021)Second quarter 2022 results: EPS: kr.12.23 (up from kr.5.24 in 2Q 2021). Revenue: kr.7.05b (up 67% from 2Q 2021). Net income: kr.700.0m (up 133% from 2Q 2021). Profit margin: 9.9% (up from 7.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.3% while the Shipping industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공시 • Aug 17+ 1 more updateDFDS A/S Confirms Extraordinary DividendDFDS A/S confirmed Extraordinary dividend of DKK 4.00 per share.
공시 • Jul 26DFDS A/S (CPSE:DFDS) agreed to acquire Lucey Transport Logistics Limited.DFDS A/S (CPSE:DFDS) agreed to acquire Lucey Transport Logistics Limited on July 25, 2022. Annual revenue was DKK 240m (EUR 32m) in 2021. The transaction is subject to approval by relevant competition authorities. The transaction has no material impact on DFDS’ outlook for 2022.
Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improved over the past weekAfter last week's 15% share price gain to €32.82, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Shipping industry in Europe. Total loss to shareholders of 3.0% over the past three years.
공시 • Jul 18DFDS A/S Raises Revenue Outlook for the Year 2022DFDS A/S announced that the revenue growth outlook for the year 2022 is raised to around 35% from previously around 30%.
공시 • Jul 07DFDS A/S Announces Executive ChangesDFDS A/S appointed Mathieu Girardin has been appointed Head of Ferry Division, EVP, and member of the Executive Management Team (EMT) succeeding Peder Gellert Pedersen who retires on 1 August 2022 He will join DFDS in October 2022. Mathieu Girardin, a French national born in 1982, is currently Senior Vice President at CMA CGM, one of the world's large shipping and logistics companies, for Short Sea Lines Europe and Containerships. He has held senior management positions at CMA CGM since 2013, including both operational and corporate responsibilities. Mathieu Girardin graduated from ESCP Europe (Master's in Management) in 2005 and from INSEAD (Executive MBA) in 2018.
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €29.78, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Shipping industry in Europe. Total loss to shareholders of 15% over the past three years.
공시 • May 12+ 1 more updateDFDS A/S (CPSE:DFDS) acquired Primerail Gmbh.DFDS A/S (CPSE:DFDS) acquired Primerail Gmbh on May 11, 2022. Primerail will become a newbusiness area Rail for DFDS and will be led by Patrick Zilles, the current head of Primerail. DFDS A/S (CPSE:DFDS) completed the acquisition of Primerail Gmbh on May 11, 2022.
Board Change • Apr 27Less than half of directors are independentThere are 7 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: 7 new directors. 2 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Director Jill Melby is the most experienced director on the board, commencing their role in 2001. 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. Lack of experienced directors.
Board Change • Mar 30Less than half of directors are independentFollowing 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 23High number of new directorsDeputy Director Jesper Bern was the last director to join the board, commencing their role in 2022.
Upcoming Dividend • Mar 17Upcoming dividend of kr.4.00 per shareEligible shareholders must have bought the stock before 24 March 2022. Payment date: 28 March 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (9.1%).
Reported Earnings • Feb 09Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: kr.16.69 (up from kr.7.56 in FY 2020). Revenue: kr.17.9b (up 28% from FY 2020). Net income: kr.958.0m (up 121% from FY 2020). Profit margin: 5.4% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 18%, compared to a 31% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
공시 • Feb 09DFDS A/S Proposes Dividend for the Year 2022The Board of Directors of DFDS A/S plans to pay a total dividend of DKK 8.00 per share in 2022 as financial leverage is, all else being equal, expected to move towards the target leverage range in 2022. The dividend is planned to be paid in two instalments of DKK 4.00 per share in March and August, respectively.
공시 • Feb 08DFDS A/S Provides Group Earning Guidance for 2022DFDS A/S provided Group earning guidance for 2022. The Group’s revenue is expected to increase by 23-27% compared to 2021.
Reported Earnings • Nov 18Third 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 11% per year, which means it is well ahead of earnings.
공시 • Sep 17DFDS A/S (CPSE:DFDS) agreed to acquire the remaining 80.1% stake in ICT Logistics A/s.DFDS A/S (CPSE:DFDS) agreed to acquire the remaining 80.1% stake in ICT Logistics A/s on September 15, 2021. ICT Logistics will be consolidated in the DFDS Group once the transaction is closed. ICT Logistics A/s reported annual revenues of DKK 260 million. The transaction is subject to approval by relevant competition authorities. The transaction has no material impact on DFDS’ outlook for 2021.
공시 • Sep 15DFDS A/S (CPSE:DFDS) completed the acquisition of HSF Logistics Nijmegen B.V. from Simon Frederiks and others for DKK 2.5 million.DFDS A/S (CPSE:DFDS) entered into an agreement to acquire HSF Logistics Nijmegen B.V. from Simon Frederiks and others for an enterprise value of DKK 2.2 billion on January 25, 2021. DFDS will acquire the HSF Logistics Group for a debt-free price of DKK 2.2 billion. Non-voting preference shares will be issued and owned by the sellers. DFDS has a call option to redeem the preference shares over a planned three-year period. DKK 930 million will be paid on closing. Over the following three years, DKK 270 million is planned to be paid each year to redeem the preference shares. Estimated DKK 460 million of net interest-bearing debt (excluding IFRS 16 lease obligations) will be taken over as part of the transaction. The transaction structure, including preference shares, gives DFDS 100% control and the HSF Logistics Group will therefore be fully consolidated in the DFDS Group from closing. DFDS will use existing cash funds for the initial payment of DKK 930 million. HSF Logistics Group has revenue of DKK 2.8 billion and EBITDA of DKK 320 million. Martin Gade Gregersen, currently Chief Executive officer of HSF Logistics Group, is appointed Head of Cold Chain in DFDS, reporting to Niklas Andersson, EVP & Head of Logistics Division. In view of the importance and growth opportunities of Cold Chain, Martin Gade Gregersen is also appointed member of DFDS’ Executive Management Team (EMT). Closing of the transaction is subject to regulatory approval and completion of required employee consultation processes and expected to take place in around three months. As of September 6, 2021, The EU Commission approved DFDS’ acquisition of the HSF Logistics. The closing of the transaction is expected to be completed on September 14, 2021. The integration of the HSF Logistics Group is expected to generate both commercial and cost synergies as well as synergies from addition of volumes to DFDS’ transport infrastructure of ferry routes and ports. DFDS’ financial leverage, NIBD/EBITDA, is expected to be unchanged by the transaction. The transaction is expected to be accretive to earnings per share (EPS) from closing. Oscar Nettl, Achim Boden, Victor Sperling and Daan Goossen of Coöperatieve Rabobank U.A. acted as a financial advisor to HSF Logistics Nijmegen B.V. KPMG acted as advisor to HSF Logistics Nijmegen B.V in the deal. DFDS A/S (CPSE:DFDS) completed the acquisition of HSF Logistics Nijmegen B.V. from Simon Frederiks and others for DKK 2.5 million on September 14, 2021.
Reported Earnings • Aug 18Second 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 6% per year, which means it is well ahead of earnings.
공시 • Aug 18DFDS A/S (CPSE:DFDS) commences an Equity Buyback Plan for 5,860,000 shares, representing 10% of its issued share capital, under the authorization approved on March 23, 2021.DFDS A/S (CPSE:DFDS) commences a share repurchases in the second quarter of 2021, under the program mandated by the shareholders in the Annual General Meeting held on March 23, 2021. 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 that the company’s total number of own shares cannot at any time exceed 10% of the company’s share capital. The price 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 23, 2025. As of February 23, 2021, the company had 58,631,578 share in outstanding.
Reported Earnings • May 12First 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.
공시 • May 11DFDS A/S Provides Earnings Guidance for the Fiscal Year 2021DFDS A/S provided earnings guidance for the fiscal year 2021. For the period, the company expects revenue growth to be 20% to 25%.
Is New 90 Day High Low • Feb 27New 90-day high: €39.94The company is up 10.0% from its price of €36.42 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €124 per share.
Reported Earnings • Feb 11Full 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.