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Dfds A/S .Buena empresa danesa

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Dfds A/S .Buena empresa danesa
Dfds A/S .Buena empresa danesa
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#61

Re: Dfds A/S .Buena empresa danesa
steri

Resultados record del Q2

 

 

RECORD Q2 EBITDA,
6% UP TO DKK 738M



EUROPEAN GROWTH SET TO CONTINUE



DIVIDEND INCREASE & NEW BUYBACK




Q2 2017
· EBITDA up 6%
· North Sea freight volumes up 6%
· Passenger volumes up 7% driven by late Easter
· Profit before special items and tax increased 12% to DKK 495m
· ROIC of 18.1% (LTM)
OUTLOOK 2017
· EBITDA range of
DKK 2.6-2.8bn unchanged
· Total distribution to shareholders increased to DKK 1.7bn
"We are pleased with our steady progress and remain on track to improve on the record result of last year. The activity in our route and logistics network reflects Europe's growth. Prospects for continued growth in the key UK market remain positive and trading with continental Europe is increasing, especially UK exports.," says Niels Smedegaard, CEO.
Key figures DKK m Q2 Q2 LTM LTM FY Before special items 2017 2016 Ch % 2016-17 2015-16 Ch % 2016 Revenue 3,688 3,553 3.8% 14,058 13,757 2.2% 13,790 EBITDA 738 699 5.6% 2,637 2,365 11.5% 2,588 EBIT 502 454 10.6% 1,700 1,461 16.3% 1,644 Profit before tax 495 443 11.6% 1,668 1,373 21.4% 1,600
Revenue increased 2% in Q2 adjusted for non-comparable items. Reported revenue was up 4% to DKK 3.7bn.
EBITDA before special items increased 6% to DKK 738m following higher earnings in both divisions.
The Shipping Division's EBITDA before special items increased 5% to DKK 680m as North Sea benefited from continued growth in trading between UK, continental Europe and Scandinavia. The Baltic Sea route network also increased earnings and together offset a lower result in Channel driven by a weakening of the passenger market, following the depreciation of GBP, and a lower freight market share.
The Logistics Division's EBITDA before special items increased 5% to DKK 73m driven mainly by the Nordic business unit as well as acquisitions performing above expectations.
Distribution to shareholders
The planned extraordinary dividend of
DKK 5.00 per share is raised to DKK 7.00 for payment in August. Moreover, a new share buyback of DKK 300m is launched today; more information in separate announcement.
The raised dividend and new buyback increases the expected total distribution in 2017 to DKK 1.7bn from previously DKK 1.3bn.
Outlook 2017
The European growth outlook continues to support DFDS' infrastructure of ferry routes and the logistics operations.
The Group's expected revenue growth for 2017 is around 4%, excluding revenue from bunker surcharges. The range for EBITDA before special items is unchanged at
DKK 2,600-2,800m (2016: DKK 2,588m).
Contact.
Niels Smedegaard, CEO, +45 33 42 34 00
Torben Carlsen, CFO +45 33 42 32 01
Søren Brøndholt Nielsen, IR, +45 33 42 33 59
Gert Jakobsen, Communications, +45 33 42 32 97

https://globenewswire.com/news-relea...-PROGRESS.html

#64

Re: Dfds A/S .Buena empresa danesa
steri

JOC › International Logistics › Logistics Providers

Strong demand keeps DFDS rally rolling

Bruce Barnard, Special Correspondent | Aug , 2017 10:32AM EDT

Print

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DFDS' growth was fastest in the Nordic region.

DFDS says it remains on track to top last year’s record financial result after the leading European roll-on, roll-off and logistics company’s second-quarter earnings jumped almost 12 percent as a result of strong demand.

The Danish group, which operates a 50-ship fleet, boosted pre-tax profit to 492 million krone ($78 million) from 443 million krone a year earlier, outpacing a 3.8 percent rise in revenue to 3.7 billion krone.

Earnings before interest, tax, depreciation and amortization (EBITDA) were 5.6 percent higher at 738 million krone against 699 million krone last time.

The increase in earnings was driven mainly by higher freight traffic on North Sea and Baltic Sea routes and increased logistics volumes in the Nordic region.

North Sea freight traffic increased 5.7 percent year over year in the quarter driven by continued growth on the UK-Netherlands and Sweden-Belgium trade lanes.

Baltic Sea volumes rose 17.1 percent, but slipped 2.1 percent after adjustment for a new route between Finland and Estonia due to reduced capacity between Denmark and Lithuania and extended ship dockings.

The decline also reflects the temporary rise in volume in the second quarter of 2016 due to a border dispute between Russia and Poland that forced some road traffic onto sea routes.

The English Channel route between the United Kingdom and France saw traffic slump 14.7 percent as DFDS’s market share declined as some customers transferred shipments from Dunkirk back to Calais following the shutdown of the immigration “Jungle” camp close to the port in late 2016.

The logistics division boosted the number of transported units in the Nordic region by 17.7 percent, driven mainly by increased volume of trailers on the UK-Sweden route and continuing growth in Norwegian and Baltic traffic.

Continental traffic stalled as increased volumes between the United Kingdom and the Netherlands was offset by lower Germany-UK container and automotive shipments and sharply lower Italian business.

“We are pleased with our steady progress and remain on track to improve on the record result of last year,” said Niels Smedegaard, CEO of the Copenhagen-based group.

“The activity in our route and logistics network reflects Europe’s growth. Prospects for continued growth in the key UK market remain positive and trading with continental Europe is increasing, especially UK exports.”

The company stuck to its full-year forecast of EBITDA before special items of between 2.6 billion krone and 2.8 billion krone compared with 2.58 billion krone in 2016.

DFDS underscored its confidence during the quarter by ordering two new ro-ro vessels at a Chinese shipyard in June for delivery in early 2020, following on a contract last September for two similar-sized ships, with capacity for 6,700 lane meters, equivalent to around 450 trailers.

The company also exercised an option in June to buy two vessels on the cross-Channel that were on long term bareboat charters for 740 million krone — it also paid an additional 111 million krone subject to litigation over the acquisition.

#67

Re: Dfds A/S .Buena empresa danesa
steri

Se anima , recuerdo que tienen per 13 y Roe 20%. Programa de recompra de acciones. Nada mal!!!

 

http://www.google.com/finance?q=CPH:DFDS

#73

Re: Dfds A/S .Buena empresa danesa
steri

SIgue infravalorada, sin reconocerla el mercado. Crecimiento asegurado, nuevos barcos para nuevas rutas, programa de recompra de acciones, per 12, roe por encima del 20%, etc.

 

Está en zona de compras

 

https://es.investing.com/equities/dfds-technical

#74

Re: Dfds A/S .Buena empresa danesa
steri

DFDS EXPANDS INTO MEDITERRANEAN

 

 

 

 

Compartir PrintApril 12, 2018 01:09 ET |  Source: DFDS A/S

multilang-release

company announcement no. 30

  • DFDS acquires U.N. Ro-Ro, the leading Turkish operator of freight shipping routes in the Mediterranean, connecting Turkey with Italy and France
  • Geographic expansion of route network to high growth freight market
  • U.N. Ro-Ro is highly profitable and the leading operator with a market share twice that of the next competitor in Turkey
  • Enterprise value of EUR 950m (DKK 7.1bn)
  • Acquisition is earnings accretive from first year
  • Financing structured to retain flexibility, including an expected equity issue of approximately 5% of the issued share capital
  • Outlook: Expected 2018 EBITDA of DKK 3.0bn-3.2bn (2.65bn-2.85bn)
  • Termination of ongoing buy-back and suspension of 2018 dividend

https://globenewswire.com/news-release/2018/04/12/1468923/0/en/DFDS-EXPANDS-INTO-MEDITERRANEAN.html

#75

Re: Dfds A/S .Buena empresa danesa
steri

Notición

 

 

DFDS EXPANDS INTO MEDITERRANEAN

12 April, 2018 - 7:08 AM

DFDS EXPANDS INTO MEDITERRANEAN

company announcement no. 30

  • DFDS acquires U.N. Ro-Ro, the leading Turkish operator of freight shipping routes in the Mediterranean, connecting Turkey with Italy and France

  • Geographic expansion of route network to high growth freight market

  • U.N. Ro-Ro is highly profitable and the leading operator with a market share twice that of the next competitor in Turkey

  • Enterprise value of EUR 950m (DKK 7.1bn)

  • Acquisition is earnings accretive from first year

  • Financing structured to retain flexibility, including an expected equity issue of approximately 5% of the issued share capital

  • Outlook: Expected 2018 EBITDA of DKK 3.0bn-3.2bn (2.65bn-2.85bn)

  • Termination of ongoing buy-back and suspension of 2018 dividend

DFDS has today entered into an agreement to acquire 98.8% of U.N. Ro-Ro, Turkey's largest operator of freight shipping routes connecting Europe and Turkey from Turkish private equity firms Actera Group and Esas Holdings.

"With the acquisition of U.N. Ro-Ro, we are expanding into one of Europe's most attractive freight markets which is operationally similar to northern Europe. This gives us opportunity together with the existing strong management team to leverage our network, fleet, experience and skills to develop the business further while supporting the growth of U.N. Ro-Ro's customers", says Niels Smedegaard, CEO of DFDS.

"We are excited to become part of DFDS' network and the development opportunities this brings to both our customers and employees. I am confident that the industry know-how, combined network capabilities, and the financial strength of our new shareholder will allow U.N. Ro-Ro to enhance the competitiveness of Turkish exporters and international logistics companies," says Selçuk Boztepe, CEO of U.N. Ro-Ro.   

Key acquisition terms 
DFDS will acquire U.N. Ro-Ro for EUR 950m (DKK 7.1bn) on a debt free basis, which will be mainly funded through committed debt financing.

The acquisition is expected to be earnings accretive already in 2018. U.N. Ro-Ro's ROIC post acquisition exceeds DFDS' cost of capital.

The transaction is subject to approval by the Turkish, Austrian and German competition authorities as well as Italian authorities in relation to the transfer of the Trieste terminal as a strategic asset. Closing of the transaction is expected to take place in June 2018.

Leading ferry operator connecting Turkey and EU
U.N. Ro-Ro operates five freight shipping routes in the Mediterranean between Turkey and EU: four routes connect to Italy and one to France. The routes carried 202,000 freight units in 2017 corresponding to a 34% share of the total market including land transport. By the end of 2017, U.N. Ro-Ro deployed 12 freight ferries with an average age of 11 years. All freight ships are built by the Flensburg shipyard, where also some of DFDS' most modern and efficient Ro-Ro ships are built. 
In addition, U.N. Ro-Ro operates two port terminals and also provides intermodal solutions. For 2018, revenue of EUR 240m and EBITDA of EUR 97m are expected. The company has 500 employees.

Strategic rationale
DFDS believes that the acquisition of U.N. Ro-Ro provides significant value to its customers, employees and shareholders.

The acquisition expands DFDS' route network to include the fast growing transport market between Turkey and EU. U.N. Ro-Ro's business model of carrying un-accompanied freight units, mainly trailers, on ro-ro ships between Turkey and EU is identical to DFDS' North Sea business model which will allow us to leverage our strong track record in this market.

Further, the integration of U.N. Ro-Ro into DFDS' business model and systems is expected to offer a number of synergies and development opportunities:

  • Expansion of services to existing and potential customers of both companies

  • Platform for development of transport solutions in new regions

  • Combined sales organisations

  • Increased fleet allocation flexibility from larger combined fleet

Financing structure and capital distribution adapted to retain flexibility 
The Board of Directors has decided to terminate the current share buyback programme announced in Company Announcement No. 11/2018 and suspend the planned dividend of DKK 7.00 in August to maintain financial flexibility.

Further, in view of the planned fleet renewal, in both DFDS and U.N. Ro-Ro, and potential investment opportunities during the next 12-18 months, the Board of Directors recommends a share issue of approximately 5% of the current share capital  or DKK 1.0bn as part of the financing structure that otherwise consists of committed term loan financing.

An extraordinary general meeting will be held prior to closing of the transaction and the Lauritzen Foundation that holds 42% of DFDS' share capital has confirmed their intention to participate pro rata in a share issue.

The Board of Directors expects to review the capital structure and hence capital distribution for 2019 in connection with the release of the Q4 and year-end report in February 2019.

The ratio between DFDS' NIBD and EBITDA is expected to increase to around 2.5 upon completion of the acquisition, including the share issue, in line with DFDS' targeted leverage ratio of between 2.0 and 3.0.

Outlook 2018
The Group's revenue in 2018 is expected to increase around 8% (2%).

The outlook range for EBITDA before special items is DKK 3,000m-3,200m (2,650m-2,850m).

Investments are expected to amount to around DKK 5bn (1.1bn).

 

https://www.dfds.com/pages/group/AnnouncementStory.aspx?storyId=3449233

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