ShippingWatch

Analysts on DFDS Q2 report: Not ostentatious

DFDS will not present a strong result when the shipping company will present its interim report for the second quarter on Tuesday, two share analysts tell ShippingWatch. The Danish shipping company is challenged by especially two routes and a general European slowdown.

Photo: DFDS

It is not unconditionally easy to be DFDS these days and this will also be reflected in the company’s report on Tuesday, two share analysts tell ShippingWatch. The company’s field of activity is affected by the general European slowdown and two of the company’s routes may provide the management with cause for concern.

"The result is not going to be ostentatious and the result will drop compared to that of the second quarter of 2011. Of course, the report is affected by the fact that it is the first whole quarter in which North Sea RoRo has been active following its start-up in the first quarter. Furthermore, Europe is generally affected by a slowdown e.g. in Great Britain which is one of the biggest DFDS markets and the company has start-up expenses on the Channel which will also affect the result”, share analyst at Handelsbanken, Dan Togo Jensen, says,

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