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Monthly volume report: Freight lower as UK stockbuilding boosted volumes

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INVESTOR NEWS NO. 34/2021

Ferry – freight: Total volumes in October 2021 were 7.6% below 2020. Net adjustments for structural route changes reduced growth 2.3 ppt to -9.9%.

The decrease in total volumes was due to lower volumes on UK routes compared to 2020 as stockbuilding in the UK ahead of Brexit started to boost volumes in October 2020. In addition, the current supply chain bottlenecks have led to a slowdown in UK volumes as some importers and exporters temporarily capped volumes during the month to avoid further congestion of supply chains. Channel and North Sea volumes were thus below 2020 in October.

The Mediterranean business unit continued to carry volumes above 2020 while Baltic Sea volumes were below 2020 as capacity on one route was reduced from two ferries in 2020 to one ferry in October 2021.

Volumes for the Mediterranean and Baltic Sea business units were above 2019 in October 2021 while the supply chain bottlenecks impacting the UK decreased volumes in Channel and North Sea to below 2019.

Ferry – passenger: The total number of passengers in October 2021 was 89.6% above 2020. The increase was largest between Norway and Denmark where travel restrictions to a large extent were abolished in October. The number of passengers on UK routes is also picking up but at lower pace as travel restrictions are still in place for travel on these routes.

DFDS ferry volumes

September

LTM*

Freight

2020

2021

Change

2019-20

2020-21

Change

Lane metres, '000

4,131

3,817

-7.6%

39,508

43,501

10.1%

Passenger

2020

2021

Change

2019-20

2020-21

Change

Passengers, '000

64

122

89.6%

1,969

824

-58.2%

*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 to see a map of the entire network. The November volume report is expected to be published on 13 December 2021.


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


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

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