DFDS surges after shareholder calls for new chairperson
BUZZ-DFDS surges after shareholder calls for new chairperson Updates to recast with a request for a new chairperson and analyst comment in bullets 1-2
** Shares in DFDS DFDS.CO jump about 18%; analysts point to the fact its largest shareholder called for an EGM to propose the election of a new chairperson
** Lauritzen Fonden Holding Aps proposes Claus V. Hemmingsen step down from the position and a new person be elected
** Separately, the Danish shipping and logistics company raises FY outlook for EBIT to DKK 1.2-1.4 billion from 1.0-1.4 billion and for revenue growth to 3-5% from ~0%
** Its Q2 revenue DKK 8,584 million ($1.33 billion) is slightly ahead of a company-compiled consensus, while its EBIT at DKK 454 million is in line
** "We think DFDS has ample scope for further earnings recovery," RBC says, adding the stock trades on about 0.5x P/NAV, below a 2011-2025 median of about 1.2x P/NAV
** DFDS' shares are on track for their best day since October 2008 if gains hold
($1 = 6.4743 Danish crowns)
(Reporting by Alexander Klyve Gudbrandsen)