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SPECIAL: INDUSTRY-SPECIFIC ANALYSIS / SHIPOWNERS

BY TINA ALTENBURG

DFDS STRONG GROWTH AT

DFDS is one of the shipping companies that has defied the hardship in 2015 and has had growth. The net turnover increased by five per cent to 13.5 billion DKK compared to 2014, while the profit after tax increased from 433.5 million DKK in 2014 to more than 1 billion DKK in 2015.

tion, and regarding the sulphur demands we also reacted quickly, Gert Jakobsen, communication manager at DFDS, explains. SEVERAL FACTORS HAVE CONTRIBUTED Besides the situation at the Channel, the routes in the Baltic Sea as well as in the North Sea have contributed to the growth, and the passenger business has, as told, also contributed. One of the factors that has had an impact has been the closure of several routes in 2014, among others Esbjerg-Harwich, Gรถteborg-Tilbury, and Portsmouth-Le Havre. It has meant that the cargo volumes from these routes have been transferred to other routes, and it has all in all meant better use of the existing route network.

T

he key figures have also developed in the right direction for DFDS, as the profit ratio increased from 4.9 per cent in 2014 to 8.6 per cent in 2015, while the gearing decreased from 1 in 2014 to 0.9 in 2015. Indeed, DFDS describes 2015 as a record-breaking year, where the cargo volumes for example increased by seven per cent and the number of passengers by eight per cent. The growth was reinforced by the economic improvement, which has been present in Northern Europe, especially in Great Britain, and it also made an impact on the growth that the structural overcapacity at the Channel was taken away. It happened, when MyFerryLink, a part of the Eurotunnel Group, stopped the ferry danish maritime magazine

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business with its three ferries between Dover and Calais. It reduced the total number of ferries from 10 to 7, of which DFDS operates three. -The growth is due to several reasons. The Channel has probably been one of the most important factors; we have, however, for several years had growth on an ongoing basis. We have become more efficient in operating our business, we have worked with customer satisfaction programmes, and we have worked on improving the dialogue with our customers. A number of factors could have been threatening us, we have, however, reacted quickly. For example, the situation in Russia, where we quickly reorganized the opera-

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THE GROWTH CONTINUES THIS YEAR The growth is so far continuing for DFDS. At least, the accounts for the closed first quarter of 2016 show that the net turnover has improved by six per cent to 3.1 billion DKK compared to the same period in 2015, while the profit before tax is increased from -13 million DKK in the first quarter of 2015 to 157 million DKK this year. The cargo volumes are in total improved by 19 per cent, while the DFDS ferries have transported 25 per cent more passengers. Again, the Channel is to a high degree the driving force. Here, the volumes have increased by 36 per cent for the cargo as well as for the passengers.


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