DFDS CEO: "We have ample capacity" for new acquisitions after historic quarterly result
Money is streaming in for the Danish ferry operator in the wake of Brexit and the Covid-19 pandemic – and to such a degree that DFDS’s financial muscles for new acquisitions, especially within logistics, are growing, says CEO Torben Carlsen to ShippingWatch.
by DAG HOLMSTAD
Even though DFDS’ debt has grown due to last year’s acquisition of the Netherlands’ HSF Logistics, cash is pouring into the Danish shipping company at such pace that the group’s financial strength for executing acquisitions has grown dramatically, shows the freshly published report for the second quarter of this year, when the ferry operator’s earnings before interest, taxes, depreciations and amortizations (EBITDA) totaled DKK 1.46bn (USD 200m).
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