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

Q2 2021 DFDS AS Earnings Call Transcript

Aug 17, 2021 / 08:00AM GMT
Release Date Price: kr399.1 (+9.76%)
Operator

Hello, and welcome to the DFDS Q2 Conference Call. (Operator Instructions) Today, I'm pleased to present Torben Carlsen, CEO; and Karina Deacon, CFO. Please begin your meeting.

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

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

First, let me apologize for the delay. The provider of the call had provided a wrong PIN code, which we deeply apologize for. But hopefully, many have now been able to join anyway.

Strong freight performance offset lag in passenger pickup is the headline on Page 3. The quarter saw a significant recovery of freight earnings compared to the 2020 lockdowns. Mediterranean continued its strong performance on the back of good volume growth between Turkey and Europe and the effects of operational improvements. There was, in the quarter, a positive impact from our new Irish route from agreements with the U.K. Department for Transport and the newly

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