The newly merged SDK Freja, which has booked record financials with significant top- and bottom-line gains, takes a darker view of its growth prospects over the next year due to a number of ”external factors.”
After a record revenue post of more than DKK 6bn (USD 850m) and a pre-tax profit of DKK 244m, the large shipping and logistics company is now downgrading its profit expectations for the next 12 months.
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A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.