Routes & Operators

DFDS lifts its 2026 cash flow forecast after EBIT rises

DFDS’s Q3 2026 report, dated 11 November 2026, says revenue was up 6% to DKK 8.8bn and EBIT improved DKK 28% to DKK 685m. Adjusted free cash flow for the year is now expected at DKK 800-1,000m, from around DKK 500m. The EBIT outlook is unchanged.

Source: DFDS (opens in a new tab)

DFDS published its Q3 2026 report on 11 November 2026. The report page says revenue was up 6% to DKK 8.8bn and that EBIT improved DKK 28% to DKK 685m. Adjusted free cash flow was DKK 205m. Financial leverage (NIBD/EBITDA) improved to 3.3x.

While the EBIT outlook is unchanged, the revenue growth expectation is increased to 4-5% from previously 3-5%. The expectation for the Adjusted free cash flow is increased to DKK 800-1,000m from previously around DKK 500m.

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