As outlined earlier this year, 2025 is a transitional year for DFDS where we focus on laying the foundation for improving financial performance following the events of 2024.
To accelerate the transition to a higher level of financial performance, a Cost Reduction Programme targeting DKK 300m of cost reductions is initiated today.
“We are initiating a cost reduction programme to accelerate our transition to a higher level of financial performance and to stay competitive in a changing market environment. Sadly, this means we have to reduce our workforce and part ways with valued and skilled colleagues,” says Torben Carlsen, CEO.
The programme is expected to deliver cost reductions of around DKK 300 m in 2026 driven by primarily a reduction of approximately 400 mainly office-based positions as well as specific cost reduction initiatives across the organisation.
Programme implementation completion is expected towards the end of Q1 2026. A one-off cost of around DKK 100 m for mostly redundancies is expected to be incurred in Q4 2025.
2025 EBIT outlook lowered
The 2025 EBIT outlook is lowered to DKK 600-750 m from previously DKK 800-1,000 m. The reduced outlook is to a large extent driven by uncertainties regarding the development in Q4 2025 for the Mediterranean ferry and logistics activities.
In addition, the above outlook range will be lowered by the one-off programme cost of around DKK 100 m.
The full-year 2025 Adjusted free cash flow is expected to be around DKK 0.9 bn down from previously DKK 1.0 bn.
(DFDS)
