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DFDS plans to puts its money to work in 2017

Everything has improved for shipping and logistics group DFDS in recent years, but the company has yet to deliver in terms of acquisitions. 2017 will change this fact, says DFDS Chief Exec Niels Smedegaard: "We have billions of kroner in our war chest."

Photo: DFDS

Shipping group DFDS is one of the only Danish carriers to stand unscathed by one of the most challenging years ever in shipping. Quite the opposite, in fact, as the company – which has increased its value five-fold in just four years – is in the best financial shape it has ever been.

Returns are currently hovering at 17 percent, the company's debt is too small, meaning DFDS will have to go out and invest in competing companies in the coming year, says CEO Niels Smedegaard, who describes the current acquisition rate with two-three takeovers in logistics per year, along with some shipping routes, as almost too modest:

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