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Depreciations in Lauritzen Foundation lead to major loss in 2020

Lauritzen Foundation, owner of J. Lauritzen and 43 percent of DFDS, lost DKK 574 million last year due to significant write-downs of the fleet. The foundation's CEO Tommy Thomsen is hopeful for the future after a difficult 2020, he tells ShippingWatch.

Photo: PR/Lauritzen Fonden

For the second year in a row, Lauritzen Foundation, owner of J. Lauritzen and 43 percent of DFDS, books a staggering deficit, shows the newly published financial report for 2020.

In 2020, the loss came out to DKK 574 million (USD 90.6 million), following a deficit of DKK 312 million the year before.

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