Independent journal on economy and transport policy
10:52 GMT+1
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shipowning group Danish DFDS records a rise of the economic results
Smedegaard: we are satisfied, but we had the objective to more obtain an emphasized improvement
August 22, 2013
In according to trimester of this year shipowning group Danish DFDS 11 million euros) regarding four million Danish crowns in the period have recorded an improvement of the economic results archiviando the period with a profit of clearly 79 million Danish crowns (April-june of 2012. The revenues are increased of 3% going up to 3.051 million Danish crowns. The EBITDA has grown of 5% to 307 million Danish crowns, while the EBIT is diminished of -2% to the 123 million one Danish crowns.
DFDS has explained that the improvement is determined mainly by the increase of the transported volumes of goods on the routes in the Sea of the North and also from a progression of the activity of the services in the English Channel. "We are satisfied - the managing director of the group has declared, Niels Smedegaard - for the improvement of the performances financial institutions and for the positive reversal of the trend in the Sea of the North. We had the objective to obtain an emphasized improvement more - has specified Smedegaard - but the current indefensible competitive scene in the English Channel has determined a contraction of financial results". DFDS has found that the economy of the United Kingdom is emerging from the recession and the transported volumes of the goods are in increase in some of the markets connected to the Sea of the North; however the pressure on the prices is still pervasive also in the markets of the passengers. Moreover - it has specified the group - the question in Russia is dropping and this has determined a contraction of the volumes on the routes of the Baltic Sea.
In the first half of the 2013 group respect to a net loss of -107 million Danish crowns has totaled a net loss of -45 million Danish crowns on revenues for 5.764 million Danish crowns on revenues for 5.644 million Danish crowns in the first semester last year. The EBITDA has grown of 1% to 407 million Danish crowns and the EBIT is dropped of 31% to 49 million Danish crowns.
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