DFDS scraps 2020 investments by up to 20 percent

Danish ferry operator DFDS cuts its 2020 investment target by 20 percent, roughly equating to DKK 500 million. The first quarter saw a decline in both revenue of operating result due to reduced passenger activity.

Photo: Pascal Rossignol/Reuters/Ritzau Scanpix

The coronavirus prompts Danish ferry operator DFDS is reduce its planned investments by up to DKK 50 million (USD 73 million). At the same time, the virus outbreak delays the company's strategy plan and other strategic projects, DFDS informs in a stock exchange notice.

The ferry group thus aims for an approximate 20-percent reduction in investments for 2020. The former goal entailed investments worth around DKK 2.3 billion. A 20-percent reduction thereby roughly corresponds to DKK 460 million.

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