Shipper DFDS expects fuel spread to boost Q2 profits, shares soar

Dfds A/S

15/04/2026 08:20

Corrects numbers in 3rd bullet point to say 1.00 billion-1.40 billion Danish crowns (not 1.00 billion-1.10 billion Danish crowns), 800 million-1.10 billion (not 800 million-1.00 billion

** Shares in DFDS DFDS.CO rise 15% after the Danish shipping group raised 2026 expectations on Tuesday, seeing a positive impact of oil prices, fuel spread on Q2 results

** The price spread between high and low sulphur oil types will affect March's financials, but will boost Q2 given current price spread levels, DFDS says

** It raises full year EBIT outlook to 1.00 billion-1.40 billion Danish crowns ($158 million-$221 million) against the 800 million-1.10 billion range seen earlier

** "The midpoint of DFDS's upgraded range for EBIT is ~20% above consensus, and there could be grounds for consensus settling above the midpoint of DFDS's guidance", RBC notes

** "We think DFDS is under-earning" the broker says, adding the outlook hike also suggests a further tailwind for the second half of 2026

** DFDS shares set for best day since October 2008

($1 = 6.3400 Danish crowns)

(Reporting by Boleslaw Lasocki)

((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))