News / DFDS sees profits rise, despite falling volumes on ferry services

Aerial view of Dover. Credit Port of Dover

European ferry operator DFDS has reported significant growth in revenue and pre-tax profits, leading a Dkr300m ($43m) share buy-back offer, but volumes on the Dover Straits have been severely hit.

According to the Danish carrier’s 2022 financial report, volumes on the Channel fell 20.8%, as traffic generally on the trade fell 9%, and with extra capacity arriving. However, DFDS’s ebitda on the route, Dkr130m, had increased due to the return of passenger numbers.

This decline in freight volumes has continued into 2023, ...