DFDS raises 2026 outlook as Q2 revenue climbs 10%

DFDS, the Denmark-based transport network, announced a significant uptick in its second-quarter revenue, growing by 10% to DKK 8.58 billion compared to the same period last year. This growth surpassed the DKK 8.45 billion forecast made by analysts. The company has also revised its revenue growth outlook for 2026, raising it to a range of 3-5% from a prior estimate of around 0%.

Additionally, DFDS has increased its earnings before interest and taxes guidance for the same period to DKK 1.2-1.4 billion, an enhancement from the previous range of DKK 1.0-1.4 billion.

The company's improved performance in Q2 can be attributed to its progress on six key initiatives, known as turning point actions. DFDS highlighted high cash conversion as a contributing factor, leading to an improvement in the company's financial leverage. Furthermore, the transport network has initiated a strategy review to define its long-term vision and priorities.

DFDS's Ferry and Logistics divisions both reported stronger second-quarter earnings compared to the previous year's performance. The company's outlook for adjusted free cash flow in 2026 has also been upgraded, now projecting around DKK 500 million, up from a previous estimate above DKK 250 million.