FEBRUARY VOLUMES: FREIGHT LOWER AS EXPECTED, CONTINUED PASSENGER GROWTH

13 Mar 2023 10:00 CET

INVESTOR NEWS no. 15 - 13 March 2023



Ferry - freight: Total volumes in February 2023 were 8.6% below 2022. Volumes
were 5.8% below 2022 adjusted for Channel that is impacted by a market decrease
and overcapacity.

North Sea volumes were just below last year due to some slowdown in volumes to
and from the UK. Mediterranean volumes were likewise just below last year as the
earthquake in Türkiye lowered flows for some weeks.

Channel volumes were below last year due to a continued market decrease 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 4.7% to 41.3m from 43.3m in 2022-21. The decrease was 2.3% adjusted
for Channel.

Ferry - passenger: The number of passengers continued to recover and more than
doubled to 211k equal to 89% of volumes in February 2019, the latest comparable
month pre-Covid-19. The number of cars equalled 85% of volumes in 2019.

For the last twelve months 2023-22, the total number of passengers was 4.0m
compared to 1.0m in 2022-21 and 5.1m in 2019.


DFDS ferry volumes

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

Lane metres, '000 3,440 3,352 3,063 -8.6%   40,640 43,318 41,266 -4.7%
-------------------------------------------- -------------------------------


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

Passengers, '000 20 95 211 123.4%   1,089 960 4,007 317.4%
-------------------------------------------- -------------------------------
*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 March 2023 volume report is expected to be published on 12 April
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

585005_DFDS_NO_15_13_03_2023_FEB_VOLUMES.pdf