Brief: DFDS Says Ambition Is To Raise ROIC To At Least 10% By 2026

Dfds A/S

13/12/2023 06:53

Dec 13 (Reuters) - DFDS AS  DFDS.CO :
    * DFDS STRATEGY UPDATE – MOVING TOGETHER TOWARDS 2030
    * ROIC: AMBITION IS TO RAISE RETURN ON INVESTED CAPITAL
(ROIC) TO
AT LEAST 10% BY 2026 FROM CURRENT LEVEL OF AROUND 8%
    * CAPEX: OPERATING CAPEX IS EXPECTED TO AMOUNT TO DKK
1.5-2.0BN
ANNUALLY THROUGH 2024-2026
    * IN 2026, A NEWBUILDING PROGRAM FOR GREEN FERRIES IS
EXPECTED TO
COMMENCE WITH CAPEX INVESTMENTS OF AROUND DKK 0.5BN
    * IN FOLLOWING YEARS, 2027-2030, GREEN FERRY CAPEX IS
EXPECTED TO
AMOUNT TO AROUND DKK 1.75BN ANNUALLY
    * FREE CASH FLOW: AMBITION IS TO ANNUALLY GENERATE AN
ADJUSTED
FREE CASH FLOW OF MINIMUM DKK 1.5BN
    * AMBITION IS TO LOWER FINANCIAL LEVERAGE, NIBD/EBITDA, TO
2.5X BY
END OF 2026
    * CAPITAL DISTRIBUTION: DISTRIBUTION POLICY IS UNCHANGED TO
RETURN
EXCESS CAPITAL TO SHAREHOLDERS THROUGH A MIX OF DIVIDEND AND
SHARE BUYBACKS

Source text for Eikon:  ID:nGNE5rPKyJ 
Further company coverage:  DFDS.CO 

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