
The first quarter of the year brought growth on the top line for ferry operator DFDS, which booked a revenue of DKK 3.9 billion (USD 584.9 million) against DKK 3.5 billion the year before.
On the bottom line, the profit before taxes came to DKK 159 million, a slight setback compared to the same quarter last year, where the profit reached DKK 204 million.
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DFDS has large sums caught in European VAT spat: "This will affect all forms of transport"
A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.