DFDS.

Jeg er enig med Hans. F.eks. har Tyskland været i recession i et stykke tid, og i England lider de under brexit. Så det skal nok være værre før det bliver bedre end nu. Det tror jeg også man forventer hos DFDS selv. De har jo lige solgt Oslobåden, og i sidste uge fandt de en eller anden grund til ikke at gennemføre opkøbet af det tyrkiske logistikfirma Ekol. Begge dele tyder på, at man forventer en tid, måske 2-3 kvartaler, med økonomisk tilbagegang, og at man kan købe billigere senere. I øvrigt kan selv et mindre fald i omsætningen få overskuddet til at forsvinde.

Nå jeg er en boomer igen men selskabet har selv været ude og nedjustere. Kig dig omkring i Europa det er ikke fordi det går specielt godt.

EBIT 2024 outlook range lowered to DKK 1.5-1.7bn from DKK 1.7-2.1bn

Adjusted free cash flow 2024 outlook is changed to around DKK 1.2bn from
around DKK 1.5bn

DFDS’ EBIT outlook range for 2024 is revised following results below expectations driven by mainly a more widespread slowdown in Europe than previously expected as well as intensified competition in northern European land transport markets and the Mediterranean freight ferry market.

The current market conditions are expected to continue for the rest of the year whilst a rebound in activity was previously expected for the rest of the year.

The termination of the share purchase agreement to acquire the international transport network of Ekol Logistics, announced earlier today, may moreover in Q4 2024 entail some financial impact.

As a consequence of the above, the EBIT 2024 outlook range is lowered to DKK 1.5-1.7bn from previously DKK 1.7-2.1bn, and the outlook for the adjusted free cash flow is changed to around DKK 1.2bn from previously around DKK 1.5bn.

The revenue growth 2024 outlook is changed to 8-10% from previously 8-11% as revenue from Ekol Logistics was previously included in the revenue outlook.

DFDS’ Q3 2024 interim report will be released on 7 November 2024 at around 7.30am CET.

DFDS 2024 OUTLOOK LOWERED BY MARKET SLOWDOWN AND TRANSACTION TERMINATION

EBIT 2024 outlook range lowered to DKK 1.5-1.7bn from DKK 1.7-2.1bn

Adjusted free cash flow 2024 outlook is changed to around DKK 1.2bn from
around DKK 1.5bn

DFDS’ EBIT outlook range for 2024 is revised following results below expectations driven by mainly a more widespread slowdown in Europe than previously expected as well as intensified competition in northern European land transport markets and the Mediterranean freight ferry market.

The current market conditions are expected to continue for the rest of the year whilst a rebound in activity was previously expected for the rest of the year.

The termination of the share purchase agreement to acquire the international transport network of Ekol Logistics, announced earlier today, may moreover in Q4 2024 entail some financial impact.

As a consequence of the above, the EBIT 2024 outlook range is lowered to DKK 1.5-1.7bn from previously DKK 1.7-2.1bn, and the outlook for the adjusted free cash flow is changed to around DKK 1.2bn from previously around DKK 1.5bn.

The revenue growth 2024 outlook is changed to 8-10% from previously 8-11% as revenue from Ekol Logistics was previously included in the revenue outlook.

DFDS’ Q3 2024 interim report will be released on 7 November 2024 at around 7.30am CET.

Selvom DFDS er kommet med en nedjustering, så mener jeg at det efterhånden er blevet en overreaktion.

Vi er nu nede på en kurs, som for ca. 10 år siden. Er også pænt oversolgt.

Samtidig kan jeg se at "eksperten" Jens Løgstrup, som ofte er i millionærklubben, stadig ejer 0,6 % af virksomheden, og

har tænkt sig at beholde.

Samtlige rederiaktier er også på en pæn nedtur, så på ettidspunkt, tror jeg at der kommer en modreaktion.

Hvad er  jeres tanker om DFDS i dag.

Jeg HAR købt for nogen tid siden, men er selvfølgelig træt af kursen i dag.

MVH

Bjarne