DFDS slumps on tougher than expected 2025 outlook
22/01/2025 09:00
** Shares in DFDS DFDS.CO slump more than 19% after the
Danish shipping and logistics company set an outlook for a
tougher than expected 2025 and scrapped its 2026/2027 targets
** It expects 2025 EBIT to be around DKK 1.0 billion ($139.6
million)
** "DFDS expects 2025E to be a much tougher year for
profitability than we had forecast," RBC says, adding that
prelim EBIT and FCF in Q4 are also lower than the broker had
estimated
** 2026/2027 targets "are no longer applicable" on the back
of the earnings development in 2024 and 2025, the company says
in a statement
** Prelim 2024 revenue of DKK 29.8 billion and EBIT of DKK
1.5 billion were in line with its latest outlook
** If the losses hold, the shares are on track for their
worst day since 2001
($1 = 7.1649 Danish crowns)
(Reporting by Elviira Luoma)
((Elviira.luoma@thomsonreuters.com))