DFDS Third Quarter 2024 Earnings: EPS Misses Expectations

DFDS (CPH:DFDS) Third Quarter 2024 Results

Key Financial Results

• 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.
• EPS: kr.10.37 (down from kr.11.72 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

DFDS EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%.

Looking ahead, 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.

Performance of the market in Denmark.

The company's shares are down 1.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for DFDS (1 is significant!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.