DFDS Management

Management criteria checks 3/4

DFDS' CEO is Torben Carlsen, appointed in May 2019, has a tenure of 5.5 years. total yearly compensation is DKK21.00M, comprised of 42.9% salary and 57.1% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth DKK19.55M. The average tenure of the management team and the board of directors is 4 years and 4 years respectively.

Key information

Torben Carlsen

Chief executive officer

DKK 21.0m

Total compensation

CEO salary percentage	42.9%
CEO tenure	5.5yrs
CEO ownership	0.3%
Management average tenure	4yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Torben Carlsen's remuneration changed compared to DFDS's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	DKK 980m
Jun 30 2024	n/a	n/a	DKK 1b
Mar 31 2024	n/a	n/a	DKK 1b
Dec 31 2023	DKK 21m	DKK 9m	DKK 2b
Sep 30 2023	n/a	n/a	DKK 2b
Jun 30 2023	n/a	n/a	DKK 2b
Mar 31 2023	n/a	n/a	DKK 2b
Dec 31 2022	DKK 21m	DKK 9m	DKK 2b
Sep 30 2022	n/a	n/a	DKK 2b
Jun 30 2022	n/a	n/a	DKK 1b
Mar 31 2022	n/a	n/a	DKK 901m
Dec 31 2021	DKK 16m	DKK 8m	DKK 958m
Sep 30 2021	n/a	n/a	DKK 813m
Jun 30 2021	n/a	n/a	DKK 812m
Mar 31 2021	n/a	n/a	DKK 523m
Dec 31 2020	DKK 12m	DKK 7m	DKK 433m
Sep 30 2020	n/a	n/a	DKK 454m
Jun 30 2020	n/a	n/a	DKK 845m
Mar 31 2020	n/a	n/a	DKK 1b
Dec 31 2019	DKK 14m	DKK 6m	DKK 1b

Compensation vs Market: Torben's total compensation ($USD2.96M) is above average for companies of similar size in the UK market ($USD1.45M).

Compensation vs Earnings: Torben's compensation has been consistent with company performance over the past year.

CEO

Torben Carlsen (59 yo)

5.5yrs

Tenure

DKK 20,995,000

Compensation

Mr. Torben Carlsen, MBA, serves as an Independent Director at Royal Unibrew A/S since April 28, 2021. He has been Chief Executive Officer and President of DFDS A/S since May 1, 2019 and serves as its Membe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Torben Carlsen	President	5.5yrs	DKK 21.00m	0.26% DKK 19.6m
Karen Boesen	Executive VP & CFO	less than a year	no data	no data
Rune Keldsen	Executive VP & CTO	4.8yrs	no data	no data
Soren Nielsen	Vice President of IR & Corporate Board	no data	no data	no data
Anne-Christine Ahrenkiel	Executive VP & Chief People Officer	5yrs	no data	no data
Niklas Andersson	Executive Vice President of Logistics Division	no data	no data	no data
Martin Gregersen	Senior Vice President of Logistics Division	3.2yrs	no data	no data
Mathieu Girardin	Executive Vice President of Ferry Division	2.1yrs	no data	no data
Jesper Aagesen	Head of Sustainable Fleet Projects	no data	no data	no data
Sophie-Kim Chapman	Head of Decarbonization	no data	no data	no data
Helle Jensen	Secretary	no data	no data	no data

4.0yrs

Average Tenure

51yo

Average Age

Experienced Management: 0RB3's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Dirk Reich	Independent Director	5.3yrs	DKK 500.00k	no data
Klaus Nyborg	Independent Vice Chairman	8.7yrs	DKK 850.00k	0.0015% DKK 115.2k
Anders Gotzsche	Independent Director	6.7yrs	DKK 625.00k	0.0065% DKK 489.8k
Jill Melby	Director	23.6yrs	DKK 500.00k	0.0087% DKK 662.6k
Claus Michael Hemmingsen	Independent Chairman	12.7yrs	DKK 1.23m	0.0092% DKK 699.8k
Minna Aila	Independent Director	2.7yrs	DKK 475.00k	0.00031% DKK 23.5k
Kent Vildbaek	Deputy Director	2.7yrs	no data	no data
Lars Skjold-Hansen	Staff Representative Director	11.7yrs	DKK 375.00k	0.0019% DKK 144.0k
Jesper Nielsen	Deputy Director	2.7yrs	DKK 94.00k	no data
Jesper Bern	Deputy Director	2.7yrs	no data	no data
Marianne Henriksen	Staff Representative Director	2.7yrs	DKK 375.00k	0.00015% DKK 11.4k
Kristian Kristensen	Staff Representative Director	2.7yrs	DKK 375.00k	0.00021% DKK 15.9k

4.0yrs

Average Tenure

60yo

Average Age

Experienced Board: 0RB3's board of directors are considered experienced (4 years average tenure).

DFDS Management

Management criteria checks 3/4

Key information

Recent management updates

DFDS A/S Announces That Karen Dyrskjøt Boesen Will Join Group’s Executive Board as Well as the Executive Management Team

Independent Chairman recently bought kr.347k worth of stock

DFDS A/S Announces Step down of Karina Deacon as CFO

Dfds A/S Announces Step Down of Karina Deacon as Member of Executive Board

Dfds A/S Appoints Ronny Moriana Glindemann and Tim Gädecken

Less than half of directors are independent

Recent updates

Third quarter 2024 earnings released: EPS: kr.10.37 (vs kr.11.72 in 3Q 2023)

DFDS A/S Lowers Earnings Guidance for the Year 2024

New minor risk - Dividend sustainability

Second quarter 2024 earnings released: EPS: kr.5.15 (vs kr.9.53 in 2Q 2023)

DFDS A/S Revises Earnings Guidance for the Year 2024

First quarter 2024 earnings released: EPS: kr.0.089 (vs kr.2.28 in 1Q 2023)

DFDS A/S Announces That Karen Dyrskjøt Boesen Will Join Group’s Executive Board as Well as the Executive Management Team

DFDS A/S Revises Earnings Guidance for the Year 2024

DFDS A/S Approves Dividend

Upcoming dividend of kr.3.00 per share

Full year 2023 earnings released: EPS: kr.26.64 (vs kr.35.10 in FY 2022)

DFDS A/S Proposes Dividend for the Year 2023

DFDS A/S (CPSE:DFDS) commences an Equity Buyback Plan for 5,860,000 shares, under the authorization approved on March 22, 2023.

Dividend of kr.3.00 announced

Full year 2023 earnings released: EPS: kr.26.64 (vs kr.35.10 in FY 2022)

DFDS A/S Provides Earnings Guidance for the Year 2024

DFDS A/S (CPSE:DFDS) acquired FRS Iberia/Maroc from Förde Reederei Seetouristik GmbH & Co. KG.

DFDS A/S to Report Q1, 2024 Results on May 08, 2024

Independent Chairman recently bought kr.347k worth of stock

DFDS A/S Provides Revenue Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: kr.11.72 (vs kr.14.21 in 3Q 2022)

DFDS A/S Announces Step down of Karina Deacon as CFO

Dfds A/S Announces Step Down of Karina Deacon as Member of Executive Board

DFDS A/S (CPSE:DFDS) entered into an agreement to acquire FRS Iberia/Maroc from Förde Reederei Seetouristik GmbH & Co. KG.

Dfds A/S Appoints Ronny Moriana Glindemann and Tim Gädecken

Second quarter 2023 earnings released: EPS: kr.9.53 (vs kr.12.23 in 2Q 2022)

First quarter 2023 earnings released: EPS: kr.2.28 (vs kr.1.94 in 1Q 2022)

DFDS A/S Provides Earnings Guidance for the Year 2023

Upcoming dividend of kr.5.00 per share at 1.8% yield

Full year 2022 earnings released: EPS: kr.35.09 (vs kr.16.69 in FY 2021)

DFDS A/S Provides Earnings Guidance for the Year 2023

DFDS 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.

DFDS A/S to Report Q4, 2022 Results on Feb 09, 2023

Third quarter 2022 earnings released: EPS: kr.14.21 (vs kr.4.15 in 3Q 2021)

DFDS A/S Raises Revenue Guidance for 2022

Less than half of directors are independent

Second quarter 2022 earnings released: EPS: kr.12.23 (vs kr.5.24 in 2Q 2021)

DFDS A/S Confirms Extraordinary Dividend

DFDS A/S (CPSE:DFDS) agreed to acquire Lucey Transport Logistics Limited.

Investor sentiment improved over the past week

DFDS A/S Raises Revenue Outlook for the Year 2022

DFDS A/S Announces Executive Changes

Investor sentiment deteriorated over the past week

DFDS A/S (CPSE:DFDS) acquired Primerail Gmbh.

Less than half of directors are independent

Less than half of directors are independent

High number of new directors

Upcoming dividend of kr.4.00 per share

Investor sentiment deteriorated over the past week

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

DFDS A/S Proposes Dividend for the Year 2022

DFDS A/S Provides Group Earning Guidance for 2022

Third quarter 2021 earnings released: EPS kr.4.15 (vs kr.4.15 in 3Q 2020)

DFDS A/S (CPSE:DFDS) agreed to acquire the remaining 80.1% stake in ICT Logistics A/s.

DFDS A/S (CPSE:DFDS) completed the acquisition of HSF Logistics Nijmegen B.V. from Simon Frederiks and others for DKK 2.5 million.

Second quarter 2021 earnings released: EPS kr.5.24 (vs kr.0.20 in 2Q 2020)

DFDS 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.

First quarter 2021 earnings released: EPS kr.2.91 (vs kr.1.36 in 1Q 2020)

DFDS A/S Provides Earnings Guidance for the Fiscal Year 2021

New 90-day high: kr.289

Full year 2020 earnings released: EPS kr.7.56 (vs kr.22.89 in FY 2019)

Revenue misses expectations

New 90-day high: kr.285

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.

New 90-day high: kr.282

DFDS A/S to Report Fiscal Year 2020 Final Results on May 11, 2021

New 90-day high: kr.281

DFDS A/S Opens New Direct Ferry Route Between Ireland and France/Continental Europe