Nordea: DFDS to make solid profit on the Channel
Nordea projects that DFDS, due to factors including developments on the English Channel, will pay 10 percent of the current market value to shareholders every year going forward.
BY OLE ANDERSEN
Nordea raises its earnings forecast for DFDS after the announcement that the carrier will acquire the two ferries from Eurotunnel on the English Channel after suffering repeated losses on the Dover-Calais service in recent years. Nordea also expects that DFDS will pay out 10 percent of the current market value to shareholders through annual dividends and share buybacks.
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