Quick take fra Danske Bank på regnskab fra DFDS:
DFDS (MW) reported a credit neutral Q3 although impacted by extra costs due to supply chain bottlenecks. In Q3 21 revenue increased 22% y/y to DKK 4.4bn but EBITDA was flat y/y at DKK848m. According to DFDS supply chain bottlenecks became more widespread in Europe in Q3 – especially in the UK – which entailed extra operating costs for both freight, port terminal and logistics activities. For FY2021 DFDS has made slight adjustments to its guidance. Revenue growth is now expected at 23-25% vs previously 20-25%. EBITDA is now expected at DKK3.3-3.5bn vs. previously DKK3.2-3.6bn. Net debt to EBITDA declined to 3.3x vs 4.2x end-2020. Overall a credit neutral report. The margin pressure is temporary in our view and the continued strengtening of the balance sheet is supportive.
Få vores øvrige investeringsnyheder direkte i din indbakke. Tilmeld dig vores gratis daglige nyhedsbrev her:
Få dagens vigtigste
økonominyheder hver dag kl. 12
Bliv opdateret på aktiemarkedets bevægelser, skarpe indsigter
og nyeste tendenser fra Økonomisk Ugebrev – helt gratis.
——————————–
