Denmark's DFDS Q2 revenue rises; strategy review launched
Denmark's DFDS Q2 revenue rises; strategy review launched
Overview
Denmark transport network's Q2 revenue rose 10% yr/yr to DKK 8.6 bln
Company raised 2026 outlook for revenue growth, EBIT, and adjusted free cash flow
DFDS launched strategy review to clarify long-term vision and priorities
Outlook
DFDS raises 2026 revenue growth outlook to 3-5% from around 0% previously
Company lifts 2026 EBIT guidance to DKK 1.2-1.4 bln from DKK 1.0-1.4 bln
DFDS expects 2026 adjusted free cash flow of around DKK 500 mln, up from above DKK 250 mln
Result Drivers
DIVISIONAL EARNINGS - Both Ferry and Logistics divisions improved Q2 earnings compared to 2025, according to company
OPERATIONAL IMPROVEMENTS - Company cited continued progress on six turning point actions for better performance
CASH CONVERSION - High cash conversion underpinned improvement in financial leverage, company said
Company press release: ID:nGNEfdGSF
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | DKK 8.58 bln | DKK 8.45 bln (1 Analyst) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the marine freight & logistics peer group is "hold"
Wall Street's median 12-month price target for DFDS A/S is DKK143.00, about 10.6% above its August 12 closing price of DKK129.30
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
Aug 13 - Denmark shipping firm Norden Q2 profit more than doubles on higher spot rates, raises outlook
Aug 13 - Maersk raises outlook again as strong demand, freight rates lift profit
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)