Preliminary Q4 2024 DFDS AS Earnings Call Transcript

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Jan 22, 2025

Jan 22, 2025 / 07:00AM GMT
Torben Carlsen - DFDS AS - President, Chief Executive Officer, Member of the Executive Board

Thank you very much, and welcome to everybody for joining this call where we will talk about our preliminary 2024 results, our preliminary 2025 outlook, and the cancellation of our mid-term, long-term financial ambitions that previously were communicated. As usual, I'm joined by Karen Boesen, our CFO; and Søren Brøndholt, our Head of Investor Relations.

If we turn to page 3, revenues for DFDS are 9% for 2024 to DKK29.8 billion, which is in line with the outlook range of 8% to 10% growth for the year. Our 2024 EBIT is DKK1.5 billion, which is in the low end of the latest outlook range of DKK1.5 billion to DKK1.7 billion that we communicated after Q3. The adjusted free cash flow for the year ended at DKK1 billion versus the outlook of DKK1.2 billion.

Turning to page 4. The preliminary 2025 outlook is an expected EBIT of around DKK1 billion. This includes a substantial negative full-year earnings impact from Mediterranean's changed competitive environment. It also includes the impact of the newly

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