NOVEMBER VOLUMES: CONTINUED MIXED PICTURE FOR FREIGHT

13 Dec 2022 10:00 CET

INVESTOR NEWS no. 34 - 13 December 2022



Ferry - freight: Total volumes in November 2022 were 12.0% below 2021. Volumes
were 3.7% below 2021 adjusted for Channel that is impacted by a considerable
total market decrease and overcapacity.

North Sea volumes were lowered by a temporary reduction in ferry capacity and
continued supply chain disruptions for some automotive customers. Mediterranean
volumes kept on growing in November, while Baltic Sea volumes remained
negatively impacted by the war in Ukraine.

For the last twelve months 2022-21, the total transported freight lane metres
decreased 2.4% to 42.2m from 43.3m in 2021-20. The decrease was 0.5% adjusted
for Channel.

Ferry - passenger: The number of passengers continued to recover and increased
119% to 179k equal to 80% of volumes in November 2019, the latest comparable
month pre-Covid-19. The number of cars equalled 89% of volumes in 2019.

For the last twelve months 2022-21, the total number of passengers was 3.5m
compared to 0.9m in 2021-20 and 5.1m in 2019.

DFDS ferry volumes

  November   LTM*
-------------------------------------------- -------------------------------
Freight 2020 2021 2022 Change   2020-19 2021-20 2022-21 Change

Lane metres, '000 4,159 3,866 3,402 -12.0%   40,103 43,285 42,250 -2.4%
-------------------------------------------- -------------------------------


Passenger 2020 2021 2022 Change   2020-19 2021-20 2022-21 Change

Passengers, '000 44 82 179 118.7%   1,790 861 3,548 311.9%
-------------------------------------------- -------------------------------
*Last twelve months


DFDS reports monthly ferry volumes for freight and passengers to provide insight
into the development of volume trends in DFDS' European route network. DFDS'
ferry routes enable trade and travel in and around Europe. Click on the link
(https://images.ctfassets.net/mivicpf5zews/7LrnEjJOAc4daUJvU4jD9g/597f655821d4b4
e682d8831835e57eca/Group_Light_2021_07_01.png) to see a map of the entire
network. The December 2022 volume report is expected to be published on 12
January 2023 at around 10.00am CET.


Contact

Torben Carlsen, CEO +45 33 42 32 01

Karina Deacon, CFO +45 33 42 33 42

Søren Brøndholt Nielsen, IR +45 33 42 33 59

Nicole Seroff, Communications +45 31 40 34 46


About DFDS

DFDS provides ferry and transport services in and around Europe, generating
annual revenues of around DKK 25bn.

To over 10,000 freight customers, we deliver high reliability through ferry &
port terminal services and transport & logistics solutions.

For millions of passengers, we provide safe overnight and short sea ferry
services.

Our 11,000 employees are located on ferries, terminals, distribution centres,
and in offices across more than 20 countries. DFDS was founded in 1866,
headquartered in Copenhagen, and listed on Nasdaq Copenhagen.


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

578005_DFDS_NO_34_13_12_2022_NOV_VOLUMES.pdf