DFDS profits £321 million, reports a record year

Published on : Tuesday, February 13, 2018

 

dfdsAfter releasing annual results revealing operating profit of £321 million, ferry operator DFDS reported a record year for 2017.

 

 

Despite the ongoing uncertainty caused by Brexit the ferry company said that its operation across the Europe continued to grow.

 

Chief executive and president Niels Smedegaard said that in spite of the Brexit issue, and the delayed Brexit agreement between the UK and EU, we see that the UK’s economy is still growing but at a slower pace.

 

The Danish ferry operator saw its North Sea freight volumes grow by 7% in 2017 as per Smedegaard.

 

 

Brexit did not change their  confidence about the future and the official expectation is that the UK economy will keep growing (although at a slower pace).

 

 

The EU economy is also predicted to grow and both parties depend on trade.

 

The  export volumes in the UK, the largest source market, continued to grow at a high rate  while import volume growth slowed due to reduced car imports.

 

 

The UK passenger demand was stable in the fourth quarter of last year.

 

DFDS expects revenue to increase by “around 2%” in 2018 excluding acquisitions and the  company-wide investments are expected to amount to around 1.1bn Danish Krona.

 

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 AIME 2019
  • 03 AIME 2018
  • 05 ameistanbul 2019
  • 06 aviation-festival-asia 2019
  • 07 thehotelshowsaudiarabia 2019
  • 08 JTTX9 19
  • 09 Conventa 2019
  • 10 Asia Pacific 2019
  • 10 Hotel Management Thailand 2019
  • 10 OTM 2019
  • 10 Routes Americas 2019
  • 11 Bar and Restaurant Investment 19
  • 11 Digital Travel 2019
  • 13 ATRTCM 2019
  • 13 Food Hospitality2019
  • 16 EMITT 2019
  • 16 IITM 2019
  • 17 AITF 18
  • 18 UITT 2019

TRAVEL INDUSTRY EVENTS

    1. MATKA 2019

      January 17 - January 20
    2. GO 2019

      January 17 - January 20
    3. BLTM Delhi

      January 18 - January 19
    4. HOLIDAY WORLD SHOW 2019

      January 18 - January 20
    5. ADVENTURE TRAVEL SHOW 2019

      January 19 - January 20
Get our toolbar!
Review www.travelandtourworld.com on alexa.com