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DFDS reports first-quarter results in line with outlook

DFDS reported strong revenue growth of 52%, driven by acquisitions, higher freight and passenger volumes. EBITDA increased 9% to DKK 822m

Updated: 26 February 2026 | Published: 11 May 2022

Copenhagen

2 min read

Drone DFDS Luna David Schweiger

CEO, Torben Carlsen said: “We’re satisfied with DFDS’s Q1 performance, which saw us grow our EBITDA by nine percent. Our freight and passenger businesses are both off to a good start to the year, supported by the acquisition of HSF Logistics and the much-anticipated return of travellers. While European supply chains remain under pressure, our full-year earnings outlook of more than 20% growth remains unchanged.”

In Ferry, revenue increased 30% due to higher freight and passenger activity, as well as a considerable rise in bunker surcharge revenue. In Q1, the Logistics Division’s revenue grew 87% to DKK 2,666m, impacted positively by the acquisitions of HSF Logistics and ICT Logistics. The total freight EBITDA for ferry and logistics activities before special items increased 10% to DKK 926m.

The war in Ukraine reduced freight volumes in the Baltic Sea network, particularly the routes from Germany to Lithuania and from Sweden to Lithuania. DFDS has since the invasion discontinued all activities in Russia and also stopped carrying Russian registered units. DFDS continues to work with international humanitarian organisations to support a steady flow of relief support into Ukraine.

Market situation and outlook

While the war in Ukraine, rising inflation and continued capacity and staff shortages create uncertainty regarding economic growth expectations in 2022, demand for freight services remains robust.

As a result, DFDS’s full-year earnings outlook of more than 20% growth remains unchanged.

Financial highlights Q1

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14 May 2012

INVITATION TO CONFERENCE CALL FOR Q1 REPORT ON 22 MAY 2012

DFDS Q1 Report is expected to be published on 22 May, 2012

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Copenhagen

18 April 2012

DFDS HAS SUCCESFULLY ISSUED CORPORATE BOND

DFDS has today issued a four-year NOK 500 million corporate bond to supplement and partly replace existing bank debt

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Copenhagen

7 November 2011

INVITATION TO CONFERENCE CALL FOR Q3 REPORT ON 16 NOVEMBER 2011

DFDS expects to publish its Q3 Report on 16 November, 2011

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Copenhagen

18 August 2011

Q2 BETTER THAN EXPECTED

DFDS delivers good Q2 results despite various constraints

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Copenhagen

28 May 2011

INVITATION TO CONFERENCE CALL FOR Q1 REPORT

DFDS expects to publish its Q1 Report on 13 May, 2011

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Copenhagen

13 May 2011

Q1 STRONG GROWTH IN REVENUE AND RESULTS

Improving results in the transport and logistics area and continuing positive developments in passenger activities

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Copenhagen

17 March 2011

STRONG 2010 FOR DFDS

The results for 2010 and expectations for 2011 show that the acquisition of Norfolkline created value

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Copenhagen

11 March 2011

RECORD RESULT FOR 2011 STRENGTHENS DFDS AHEAD OF CHALLENGING 2012

DFDS announces record results for 2011

For media inquiries, interviews, or press materials, reach out to DFDS using the contact details below.

+45 31 16 28 47

grcom@dfds.com

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