DFDS adjusts downwards

[Torge]

SSG-RINGKØBING. DFDS A/S adjusts its expected result for 2008, just a few days before the half-year report will be issued. Instead of an overall earning of DKK 500 million for 2008 it is now expected to be DKK 325-375 million. The reason for the adjustment is mainly the high oil price, which has hit DFDS hard. On the freight services the extra cost in oil prices takes the major share of the years increase in volume of cargo. For DFDS Seaways the situation is even worse with a combination of the high oil price and falling number of passengers. Also the DFDS Seaways will be affected by restructuring cost as the Bergen-Newcastle service will close at the end of August and leave the company with several hundred employees on lay off pay and the Queen of Scandinavia with no service to earn from.
Published: 15.08.08 16.35