DFDS Announces Strong Growth in August Passenger and Freight Volumes

Author: Kelly Martin Updated: 09-12-2024 04:15 AM

DFDS Reports Significant Growth in Passenger and Freight Volumes

Ferry – Freight: In a remarkable report for August, DFDS has announced that their total freight volumes have shown a 7.4% increase compared to 2023. When adjusted for the new Strait of Gibraltar routes introduced in 2024, along with the closing of the Calais-Tilbury route last year, the growth still stands at an impressive 4.4%. This positive performance is supported by a recovery in North Sea volumes, albeit these experienced mixed activity levels across the network.

Meanwhile, the Mediterranean witnessed a notable surge, outperforming the previous year across all routes. The Channel and Baltic Sea routes also reported increased volumes, reinforcing the positive trend in ferry services.

Over the past twelve months leading into August 2024, DFDS has increased its total freight lane metres by 5.0%, showcasing a rise from 38.6 million metres last year to 40.5 million metres this year. Adjusting for the impacts of geographical route changes, the overall increase still reflects a strong upward movement at 2.6%.

Impressive Surge in Passenger Numbers

Ferry – Passenger: The passenger count for August has seen a remarkable upturn, with numbers soaring by 68.7% compared to 2023. When making the necessary adjustments for the inclusion of the Strait of Gibraltar routes, the rise remains a robust 9.1%. This change is driven mainly by surges in Channel volumes, indicating a strong seasonal demand. Additionally, the number of cars transported increased by 55.1%, with a 9.7% rise when adjusted for the new routes.

Looking at the broader picture over the past twelve months, DFDS has transported 6.2 million passengers, a significant increase of 41.3% from 4.4 million passengers recorded in the previous year. Excluding fluctuations from the new routes, the adjusted increase still points to a healthy growth of 7.6%.

Current Trends in DFDS Ferry Services

DFDS regularly reports its ferry volumes to provide stakeholders with insights into the trends affecting its European route network. The continued growth in both freight and passenger services is indicative of the increasing demand for ferry transportation across Europe, aiding trade and facilitating travel.

Looking ahead, DFDS plans to release their next volume report for September 2024 on 11 October 2024, expected to be announced at around 10:00 am CET, allowing industry observers to track these ongoing trends closely.

Company Overview and Contact Information

Contact

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 a comprehensive transport network throughout Europe, generating an annual revenue of DKK 28 billion and employing approximately 14,000 personnel. The company is focused on moving cargo in trailers via ferry, road, and rail, alongside offering additional transport and logistics solutions. They also cater to car and foot passengers on both short sea and overnight ferry routes, establishing a rich history since their founding in 1866, currently based and listed in Copenhagen.

Frequently Asked Questions

What are the key insights from DFDS's August report?

The report indicates strong growth in both freight and passenger volumes, reflecting an overall increase of 7.4% in freight and a staggering 68.7% increase in passengers year-on-year.

What factors contributed to the growth in passenger numbers?

The growth was primarily driven by enhanced Channel volumes and the adjustment of new routes, showcasing robust demand for ferry services.

How does DFDS view its freight volumes over the past year?

DFDS reported a 5.0% increase in freight lane metres over the last twelve months, indicating a positive trend despite adjustments for new route dynamics.

When can we expect the next volume report from DFDS?

The next volume report is anticipated to be released on 11 October 2024, providing further insights into the ongoing trends.

What is the overall outlook for DFDS in the coming months?

The high growth rates in both segments suggest a strong recovery and increasing demand, positioning DFDS favorably for future performance in the transportation sector.

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