DFDS AS (LTS:0RB3)
kr 142.75 1.15 (0.81%) Market Cap: 7.63 Bil Enterprise Value: 22.96 Bil PE Ratio: 7.96 PB Ratio: 0.54 GF Score: 82/100
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Q2 2020 Dfds AS Earnings Call Transcript

Aug 12, 2020 / 08:00AM GMT
Release Date Price: kr239.5 (+10.17%)
Operator

Hello and welcome to the DFDS Q2 Report 2020. (Operator Instructions)

Please note that this call is being recorded. Today, I'm pleased to present CEO, Torben Carlsen; and CFO, Karina Deacon. Please begin your meeting. .

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

/- -

Good morning. This is Torben Carlsen. I'm here, as usual, with our CFO, Karina Deacon; and our Head of Investor Relations, Søren Brøndholt. Headline, Q2 ahead of forecast as straight picked up faster than expected. Background for that is, we have kept all operational locations including all ferries safe. Our freight volumes picked up through the quarter, particularly in June, and as we'll talk about in a minute, this trend has continued into July. We've seen encouraging passenger demand on the reopened routes, but as expected, exceptional losses from passenger activities, that for a large part were shut down for more than 3 months. The cost control measures and adaptations to our business that we have introduced have

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