JANUARY VOLUMES: FREIGHT IN LINE WITH EXPECTATIONS

09 Feb 2023 07:40 CET

INVESTOR NEWS no. 05 - 9 February 2023



Ferry - freight: Total volumes in January 2023 were 6.0% below 2022. Volumes
were 3.7% below 2022 adjusted for Channel that is impacted by a total market
decrease and overcapacity.

North Sea volumes were above last year due mostly to higher volumes between
Sweden and Belgium. Mediterranean volumes were at the same level as last year
following closure of the route between Turkey and Spain and transfer of its
volumes to the route to France, which reduced volumes somewhat.

Channel volumes were below last year following a continued decrease in the total
market and a negative impact from the entry of a third ferry operator. Baltic
Sea volumes remained negatively impacted by the war in Ukraine.

For the last twelve months 2023-22, the total transported freight lane metres
decreased 4.3% to 41.6m from 43.4m in 2022-21. The decrease was 1.7% adjusted
for Channel.

Ferry - passenger: The number of passengers continued to recover and more than
tripled to 172k equal to 79% of volumes in January 2019, the latest comparable
month pre-Covid-19. The number of cars also equalled 79% of volumes in 2019.

For the last twelve months 2023-22, the total number of passengers was 3.9m
compared to 0.9m in 2022-21 and 5.1m in 2019.


DFDS ferry volumes

  January   LTM*
-------------------------------------------- -------------------------------
Freight 2021 2022 2023 Change   2021-20 2022-21 2023-22 Change

Lane metres, '000 2,831 3,223 3,029 -6.0%   40,510 43,406 41,554 -4.3%
-------------------------------------------- -------------------------------


Passenger 2021 2022 2023 Change   2021-20 2022-21 2023-22 Change

Passengers, '000 37 54 172 217.7%   1,307 886 3,890 339.3%
-------------------------------------------- -------------------------------
*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 February 2023 volume report is expected to be published on 13 March
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

Communications +45 31 16 28 47


About DFDS

DFDS provides ferry and transport services in and around Europe, generating
annual revenues of around DKK 27bn.

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 11,500 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

581804_DFDS_NO_05_09_02_2023_JAN_VOLUMES .pdf