DFDS boosts revenue 10% in Q2, raises full-year expectations

Danish shipping and logistics company DFDS has reported a strong second quarter, with revenue rising 10% year-over-year. The company announced Thursday that its quarterly revenue reached nearly 8.6 billion Danish kroner.

This revenue growth contributed to a significant turnaround on the bottom line. DFDS posted a profit of 168 million kroner for the quarter, a substantial improvement from the 87 million kroner loss recorded in the second quarter of the previous year. The company attributes this growth to enhanced earnings across both its Ferry and Logistics divisions.

"We have initiated a strategy process to clarify our long-term vision, positioning, and priorities," said DFDS CEO Michael Hansen, who took over the role just over a month ago. The company has also revised its full-year outlook upwards. It now anticipates a revenue growth of between 3% and 5%, with an operating profit projected to be between 1.2 and 1.4 billion kroner.

Previously, DFDS had forecast zero revenue growth for the year, with an operating profit range of 1.0 to 1.4 billion kroner. The updated forecast reflects the positive performance in the first half of the year and the company's strategic initiatives.

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We have initiated a strategy process to clarify our long-term vision, positioning, and priorities.