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Lauritzen Foundation continues to profit on DFDS stake

Continued growth in DFDS and a smaller deficit at J. Lauritzen means that the owner, Lauritzen Foundation, was able to improve its bottom line by more than DKK 300 million in 2018.

Photo: Lauritzen Fonden

It is still a highly lucrative business for Lauritzen Foundation to be a major shareholder in DFDS, shows the Foundation's annual report for 2018, where the ferry operator again stands out as the number one source of income.

Additionally, a reduced deficit at J. Lauritzen means that the fund delivers a profit of DKK 433 million (USD 65.6 million), a significant improvement from DKK 118 million in 2017.

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