August Performance Highlights for DFDS Ferry Services

Strong Growth in DFDS Ferry Volumes

DFDS, a leading provider of maritime transport solutions in Europe, recently reported robust ferry volume figures for August 2024. Despite the challenges faced in previous periods, the company has shown remarkable growth across its key routes, particularly in passenger and freight transportation.

Freight Volume Performance

Total freight volumes in August 2024 experienced a 7.4% increase compared to August 2023. This improvement is even more impressive when adjusted for the recent incorporation of the Strait of Gibraltar routes and the closure of the Calais-Tilbury route from the previous year. Overall, the addition of these new routes contributed to a 4.4% uptick in freight performance.

Activity levels across various routes in the North Sea have shown a positive trend, while Mediterranean volumes also witnessed growth, indicating a strong demand for freight movement. For the trailing twelve months from 2024 to 2023, the total transported freight lane meters saw a notable increase of 5.0%, rising to 40.5 million from 38.6 million in the previous twelve-month period.

Passenger Volume Surge

In terms of passenger transport, August 2024 was a standout month, with a staggering 68.7% increase in the number of passengers compared to the same month in the previous year. Adjusting for the addition of Strait of Gibraltar routes, the increase remained robust at 9.1%. The surge in passenger numbers is largely attributed to higher traffic in the Channel routes, which have become increasingly popular.

The number of vehicles transported also reflects this upward trend, showing a 55.1% increase compared to 2023, with a 9.7% rise when adjusted accordingly. Over the trailing year, DFDS transported a total of 6.2 million passengers, marking a 41.3% increase from 4.4 million in the previous twelve months, with the adjusted growth at 7.6% considering the adjustments made for new routes.

DFDS Ferry Volumes Overview

To summarize the ferry volumes at DFDS:

• Freight Lane Metres in August 2024: 3,185,000, up 7.4% from 2023.
• Passenger Count in August 2024: 1,207,000, reflecting an increase of 68.7% compared to 2023.
• Last twelve months freight lane metres: Increased by 5.0% to 40.5 million.
• Total passengers in the last twelve months surged to 6.2 million, representing a 41.3% increase.

Looking Ahead

As DFDS continues to adapt to evolving market demands, the company remains committed to providing exceptional transport solutions across Europe. The next monthly report detailing September's volumes is anticipated to be published early next month.

Contact Information

For further inquiries, please reach out to:

Torben Carlsen, CEO - +45 33 42 32 01

Karen Boesen, CFO - +45 20 58 58 40

Søren Brøndholt Nielsen, IR - +45 33 42 33 59

Dennis Kjærsgaard, Media - +45 42 30 38 47

About DFDS

DFDS operates an extensive transport network throughout Europe, reporting an impressive annual revenue of DKK 28 billion and employing around 14,000 full-time staff. The company is dedicated to moving goods and passengers by utilizing ferries, road, and rail while also offering complementary logistics solutions.

Founded in 1866 and headquartered in Copenhagen, DFDS remains a pioneer in the ferry industry, constantly evolving to meet the needs of its customers.

Frequently Asked Questions

What were DFDS's freight volume growth figures for August 2024?

DFDS reported a 7.4% increase in freight volumes for August 2024 compared to the same month in 2023.

How much did passenger numbers increase in August 2024?

Passenger numbers surged by 68.7% in August 2024 compared to August 2023.

What is the total number of passengers transported in the last twelve months?

Over the last twelve months, DFDS transported a total of 6.2 million passengers.

What future reports can we expect from DFDS?

The next report, detailing the ferry volumes for September, is expected to be published in October.

How long has DFDS been in operation?

DFDS has been operating since 1866, boasting over a century of experience in the transport industry.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.