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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  DFDS A/S    DFDS   DK0060655629

DFDS A/S

(DFDS)
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DFDS A/S: DFDS OPENS NEW DIRECT FERRY ROUTE BETWEEN IRELAND AND FRANCE/CONTINENTAL EUROPE

11/27/2020 | 04:02am EST
Investor news
 

From 2 January 2021, a new freight ferry route between Rosslare and Dunkirk will offer trucks and their drivers direct and paperless transport between EU countries.

To facilitate trade between Ireland and continental Europe, DFDS opens on 2 January 2021 a new freight ferry route between Rosslare in Ireland and Dunkirk in Northern France. The port of Dunkirk is a gateway to Ireland’s top export markets – France, Belgium, Germany and Netherlands – and a host of secondary markets.    

Additional capacity has been chartered in order to deploy three combined freight and passenger ferries on the route to carry drivers along with their trucks and trailers. The new route thus offers a cost-efficient alternative to driving through the UK.

“We are extremely pleased to offer Irish and other European businesses a cost-efficient way of trading directly with each other. There will be no customs formalities or possible waiting times that the Brexit transition potentially may bring about for trucks passing through the UK,” says Torben Carlsen, CEO of DFDS.

Competitive offering to freight market
The deployment of three ferries ensures a competitive frequency with six weekly departures in each direction. Each ferry has a capacity of up to 125 trucks and their drivers in Covid-19 safe single cabins. The crossing time is 24 hours.

Upon arrival in Dunkirk or Rosslare, truck drivers will be fully rested and immediately able to reach many major destinations within the legal driving limit.

The route will initially not target passengers, although a passenger offering may be marketed at a later stage.

Route set-up
The route is expected to reach revenues above DKK 300m in 2022. The route is jointly owned by DFDS and Irish interests. Managing director will be Aidan Coffey. The new route will be operated from offices in Rosslare, Cork, and Dunkirk.


Contact

Torben Carlsen, CEO +45 33 42 32 01

Karina Deacon, CFO +45 33 42 33 42

Søren Brøndholt Nielsen, IR +45 33 42 33 59

Gert Jakobsen, Communications +45 33 42 32 97


This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachment

  • UK_OMX_NO_28_27_11_2020_Rosslare_and_Dunkerque

© OMX, source OMX

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Financials
Sales 2020 13 856 M 2 267 M 2 267 M
Net income 2020 456 M 74,7 M 74,7 M
Net Debt 2020 11 979 M 1 960 M 1 960 M
P/E ratio 2020 33,6x
Yield 2020 0,50%
Capitalization 15 218 M 2 490 M 2 490 M
EV / Sales 2020 1,96x
EV / Sales 2021 1,72x
Nbr of Employees 8 600
Free-Float 56,4%
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DFDS A/S Technical Analysis Chart | DFDS | DK0060655629 | MarketScreener
Technical analysis trends DFDS A/S
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 298,33 DKK
Last Close Price 266,00 DKK
Spread / Highest target 12,8%
Spread / Average Target 12,2%
Spread / Lowest Target 10,9%
EPS Revisions
Managers and Directors
NameTitle
Torben Carlsen Chief Executive Officer
Claus Michael Hemmingsen Chairman & Deputy Chief Executive Officer
Karina Kjr Deacon Group Chief Financial Officer
Rune Keldsen Chief Technology Officer & Executive VP
Jill Lauritzen Melby Director