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DFDS hit hard by economic downturn and overcapacity

DFDS achieved a USD 46.9 million profit before taxes for 2012, which was 58 percent less than the previous year, according to the shipping company's annual report. This was caused by the economic recession and overcapacity.

DFDS achieved a USD 46.9 million profit before taxes for 2012, which was 58 percent less than the previous year, says the the shipping company in its annual report. The company is not pleased with the result, which was caused by the economic recession and overcapacity.

"We're not pleased with the result for the year, which was affected by the recession in several of key European markets. The establishment of a new route on the Channel as well as a new competitor on the freight market between Sweden and England also reduced the revenue. One bright spot is the Baltic region and Russia, where there is still growth", DFDS CEO Niels Smedegaard.

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