News / Brexit uncertainty causes ripples at DFDS as first-half profits decline

DFDS's network

Brexit uncertainty is making itself felt at DFDS, with the carrier revising its earnings forecast downwards after a six-month performance that led to declining profits.

First-half revenues climbed 9.9% to Dkr8.1bn ($1.2bn), driven mainly by its expansion in the Mediterranean, but a reversal of UK stockpiling in anticipation of Brexit hit profits.

Chief executive Torben Carlsen said: “Brexit is an exceptional situation, currently lowering volumes in our ferry and logistics network.

“In spite of this headwind, we are still on track to continue ...