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13 August 2020 The on-line newspaper devoted to the world of transports 07:19 GMT+2

February 7, 2020

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Danish group DFDS results fall in the last quarter of 2019

Increased charges and traffic congestion in the port of Trieste weighs on performance in the Mediterranean

In 2019, the Danish shipping and logistics group DFDS worsening economic performance mainly due to the sharp decline in the fourth quarter quarter of the year. In the last period, revenues amounted to 4.0 danish kroner (536 million euros), up 1.3% For the October-December period of 2018, EBITDA was 771 million kronor, or 12.1%, operating profit of 203 million kronor crowns (-54.8%) and net profit of 128 million Danish kroner (-72,8%).

In the last quarter of 2019, the group's fleet, which was formed ships to transport rotary and passenger, carried 10.4 million linear meters of ro-ro loads (up 1.5%) and 991 thousand passengers (-1.2%). On the Mediterranean routes alone, a market in DFDS has recently significantly increased its presence thanks to the acquisition of the shipping company Turkey U.N. Ro-Ro completed in mid-2018 ( 7 June 2018), the group's ships carried more than 1.1 million linear meters of rolling stock, with a rise of 22.3% on the In the 2019 annual financial year, activity in the Mediterranean revenues of 542 million kronor( up 12.7%) and a useful operating profit of 29 million, down -65.1% on the financial year Previous. DFDS specified that the worsening of the results Mediterranean activity is due to both 48 million kronor from policy changes accounts relating to the maintenance costs of ferries and spare parts is at a lower rate of use of the capacity of trains connecting European markets traffic congestion in the port of Trieste.

In the full year of 2019, the revenues of the owner-and-owner group 16.6 billion Danish kroner, with a increase of 5.6% on the previous year. EBITDA and EBIT were 3.6 billion, or 21.6%, respectively. 1.6 billion (-11.3%) and net profit totaled 1.3 billion Danish kroner (-19,8%). Last year, the DFDS fleet carried 41.3 million linear meters of rolling stock (up 3.0%) 5.1 million passengers (-5.9%).

In 2019, the revenues generated by the group's activities in the Mediterranean totaled almost 2.2 billion kronor( up 93.7%) operating profit was 231 million, or 26.9%. The meters line of rolling stock 4.4 million or 97.9%.

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