DFDS increased profits in tough market

"We are pleased with the improved financial performance in light of the continued weak growth in most northern European markets and generally strong price competition," says CEO Niels Smedegaard.

Photo: Carsten Bundgaard

DFDS achieved an operating result (EBITDA) of USD 96.2 million in the 3rd quarter 2013, a five percent improvement compared to the same period 2012, according to the carrier's interim report, published Wednesday.

Smedegaard: DFDS needed a higher gearing

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