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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Q1 2021 DFDS AS Earnings Call Transcript

May 11, 2021 / 12:00PM GMT
Release Date Price: kr373.5 (-3.19%)
Operator

Welcome to the DFDS Q1 conference call. (Operator Instructions) Please note, this call is being recorded. Today, I'm pleased to present CEO, Torben Carlsen; and CFO, Karina Deacon. Please go ahead with your meeting.

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

/- -

Thank you very much. And, as usual, Karina and I are joined by Søren Brondholt, our Head of Investor Relations.

Off to a good start. First 2 months of Q1, a challenge for our U.K.-linked freight activities, but very strong recovery in March. We've seen a positive impact from various Brexit-linked activities, our new Irish route, standby capacity agreements with department for transport and the custom service -- customs clearance work that we do for a number of our customers. Also, BU Med, our Mediterranean business, achieved its best quarter while owned by DFDS. At the same time, of course, we had very, very few passengers in the quarter as travel remained restricted throughout Q1.

I'll hand over to Karina for some

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