News / 'Brexit is behind us and we're still here' – DFDS sees strong freight revenue in Q1

Following stronger-than-expected freight revenues in the first quarter, Danish ferry operator DFDS now expects full-year ebitda of Dkr3.2bn-Dkr3.6bn ($520m-$584m) based on a revenue growth of 20-25% over 2020.

Q1 showed a drop of just 1% in revenue, to Dkr3.8bn, despite the near-complete collapse of its passenger business due to coronavirus-related travel restrictions.

Passenger revenue was down 72% year on year, but freight turnover, which includes the group’s logistics services, was up 5% to Dkr3.7bn.

Chief executive Torben Carlsen said that, while freight volumes ...