Brief: DFDS 2024 Outlook Lowered By Market Slowdown, Transaction Termination

Dfds A/S

01/11/2024 13:28

Nov 1 (Reuters) - DFDS AS  DFDS.CO :
    * DFDS 2024 OUTLOOK LOWERED BY MARKET SLOWDOWN AND
TRANSACTION
TERMINATION
    * LOWERS EBIT 2024 OUTLOOK RANGE TO DKK 1.5-1.7BN
    * EBIT 2024 OUTLOOK RANGE LOWERED TO DKK 1.5-1.7BN FROM DKK
1.7-2.1BN
    * CHANGES ADJUSTED FREE CASH FLOW 2024 OUTLOOK TO DKK 1.2BN
    * ADJUSTED FREE CASH FLOW 2024 OUTLOOK IS CHANGED TO AROUND
DKK
1.2BN FROM AROUND DKK 1.5BN
    * CHANGES REVENUE GROWTH 2024 OUTLOOK TO 8-10%
    * CURRENT MARKET CONDITIONS ARE EXPECTED TO CONTINUE FOR
REST OF
YEAR
    * A REBOUND IN ACTIVITY WAS PREVIOUSLY EXPECTED FOR REST OF
YEAR.
    * EBIT OUTLOOK RANGE FOR 2024 IS REVISED FOLLOWING RESULTS
BELOW
EXPECTATIONS
    * MORE WIDESPREAD SLOWDOWN IN EUROPE THAN PREVIOUSLY
EXPECTED
    * INTENSIFIED COMPETITION IN NORTHERN EUROPEAN LAND
TRANSPORT
MARKETS AND MEDITERRANEAN FREIGHT FERRY MARKET

Source text:  ID:nGNEbfGdtL 
Further company coverage:  DFDS.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))