DFDS AS (LTS:0RB3)
kr 141.6 1 (0.71%) Market Cap: 7.62 Bil Enterprise Value: 22.96 Bil PE Ratio: 7.96 PB Ratio: 0.54 GF Score: 82/100
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Q2 2019 DFDS A/S Earnings Call Transcript

Aug 13, 2019 / 08:00AM GMT
Release Date Price: kr226 (-4.36%)
Operator

Hello and welcome to the DFDS Q2 2019 Report. (Operator Instructions) Please note that this call is being recorded. Today, I'm pleased to present Torben Carlsen, CEO. Please go ahead.

Torben Carlsen;S;President CEO;Member of Executive Board
DFDS A

/-&

Good morning and welcome to DFDS' Q2 call. Joining me today is Jesper Heilbuth, our Interim CFO; and Søren Brøndholt, Head of Investor Relations.

Growth continues but Brexit lowers pace is our Q2 headline, reflecting that our combination of ferry routes and logistics solutions is robust and holding up well against the headwind from current events, not least an exceptional high level of uncertainty about the outcome of Brexit. We have seen lower freight volumes in Q2 as the Q1 stockpiling in U.K. reversed during the quarter. This also makes it relevant to look at our half year numbers rather than Q2 alone. Current U.K. trading also beyond Q2 is lower than last year, which we attribute to the increased uncertainty.

In light of these events and

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