ShippingWatch

DFDS CEO after Brexit: I'm looking after my business

Niels Smedegaard, CEO of DFDS, downplays the consequences of the UK's EU exit in an interview with ShippingWatch, even though investors sent the DFDS share price down on Friday morning. I'm looking after my business, they can look after theirs, says the Chief Executive.

Photo: Carsten Bundgaard

The British voters' decision to leave the EU made share prices plummet across the board when the exchanges opened Friday morning. This development has hit logistics group DSV (-9,9 percent), tanker carrier Euronav (-9,6 percent) and Denmark's Norden (-8,3 percent), but DFDS  has taken a bigger hit than most as the the carrier's share dropped close to 15 percent compared to when the Copenhagen Stock Exchange closed on Tuesday at USD 47 per share.

But DFDS CEO Niels Smedegaard is not too worried about this overnight investor reaction.

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