Q1 2025 DFDS A/S Earnings Call Transcript

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May 06, 2025

May 06, 2025 / 08:00AM GMT
Operator

Ladies and gentlemen, welcome to the DFDS Q1 report 2025 conference call.

(Operator Instructions)

The conference is being recorded.

(Operator Instructions)

At this time, it's my pleasure to hand over to Torben Carlsen, CEO. Please go ahead.

Torben Carlsen - DFDS AS - President, Chief Executive Officer, Member of the Executive Board

Thank you and good morning and welcome to DFDS' Q1 2025 conference call.

I am joined here as usual by Karen Boesen, our CFO; and Søren Brøndholt, our Head of IR.

Our Q1 report headline is that our 2025 transition is progressing. As you may recall, we labeled 2025 a transitional year in our latest annual report.

So 2025 is a year where we lay the groundwork for improving financial performance following the events of 2024. I'm pleased to report that the earnings trend improved towards the end of the quarter following execution of multiple turnaround actions during the quarter.

There is still a lot of work to be done, and further actions are being executed

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