Q3 2024 DFDS AS Earnings Call Transcript

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Nov 07, 2024

Nov 07, 2024 / 09:00AM GMT
Operator

Good morning and welcome to the DFDS AS Q3 2024 conference call.

I am joined here by Karen Dyrskjot Boesen, our CFO and so Boesen, our head of investor relations.

This morning, we released our Q3 numbers and last Friday, November 1, we lowered our 2024 outlook for EBIT and the adjusted free cash flow.

The outlook change was partly driven by our financial performance and partly by the termination of the ECO acquisition which we also announced last Friday.

The termination of the agreement is of course unfortunate, but we, believe the right decision under the circumstances.

As many of you know, eco logistics is a large and valued customer in our Mediterranean route network, given our customer relationship and an ongoing dialogue about the future post determination. I cannot at this stage provide additional information about the situation, but we have a very strong Mediterranean ferry product, and we continue to see Turkey as a compelling growth market in the coming weeks. We'll continue the dialogue with the eco logistics about the future relationship, both as

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