Q2 RESULT LOWERED BY MEDITERRANEAN HEADWINDS

Q2 2025 INTERIM REPORT

ANNOUNCEMENT NO. 25/2025

Q2 2025

Revenue up 3% to DKK 7.8bn Organic growth was -2%

EBIT reduced 69% to DKK 163m

Adjusted free cash flow of DKK 538m

CO2 ferry emission intensity from own fleet lowered 4.1%

Outlook 2025

EBIT of DKK 0.8-1.0bn (previously around DKK 1.0bn)

Revenue growth of around 5%

Adjusted free cash flow of around DKK 1.0bn (unchanged)

"Most of the network performed in line with our expectations for the quarter. The Mediterranean activities remain our key earnings challenge," says Torben Carlsen, CEO.

 

Q2

Q2

Change,

LTM

LTM

Change,

Full-year

DKK m

2025

2024

%

2024-25

2023-24

%

2024

 

 

 

 

 

 

 

 

Revenue

7,810

7,580

3

30,510

28,613

7

29,753