DFDS falls after EBITDA, Freight Ferry miss

Dfds A/S

08/05/2024 08:27

** Shares in DFDS  DFDS.CO  fall 4% after the Danish
shipping and logistics company posts Q1 EBITDA below
expectations
    ** EBITDA came in at DKK 957 million ($137.86 million) in
the quarter, below the consensus of DKK 1,062 million cited by
RBC
    ** The brokerage attributes the EBITDA miss to a
weaker-than-expected Freight Ferry result in the quarter, which
declined to DKK 617 million, 12% below consensus
    ** Shares are on track for their worst day in three months
if losses hold 
 
($1 = 6.9419 Danish crowns)

 (Reporting by Greta Rosen Fondahn)
 ((Greta.RosenFondahn@thomsonreuters.com))