DFDS made USD 46.6 million before taxes in the third quarter 2012, compared to USD 56.7 million in profits in the same period last year. The decline in profits is primarily caused by the market developments of the North Sea, says the shipping company.
“The wheels of the European economies – and thus the transportation sector – turned a little slower in the 3rd quarter. This was to be predicted, and was included in our expectations for the year 2012, which we therefore maintain. However, we will probably cross the finish line at the lower end of the expected interval, as we are still, halfway through the 4th quarter, experiencing a weaker demand in Northern Europe,” says DFDS CEO Niels Smedegaard in a comment on the DFDS financial statements for the third quarter, presented on Thursday.