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Q4 2019 Dfds AS Earnings Call Transcript
Hello, everyone, and welcome to the DFDS Q4 and year-end report 2019. (Operator Instructions) Please note that this call is being recorded. Today, I am pleased to present CEO, Torben Carlsen; and CFO, Karina Deacon. Please begin.
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Good morning. Welcome to our Q4 call, where we'll present the Q4 and full year results as well as our outlook for 2020. Joined by me today is Karina Deacon, our new CFO; and Søren Brøndholt, the Head of Investor Relations.
The uncertainty about Brexit led to a further slowdown in Q4, and that lowered the result as anticipated. What was less satisfactory in Q4 was Mediterranean's result, and I'll return to that in more detail in a minute.
With us, in 2019 with an EBITDA that is just above 2018, which, to a large degree, reflects the tough headwind generated by Brexit since April.
Looking ahead into 2020, we have to be cautious on Brexit as visibility on the final outcome is low and likely to
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