DFDS AS (LTS:0RB3)
kr 162.95 5.45 (3.46%) Market Cap: 8.78 Bil Enterprise Value: 24.06 Bil PE Ratio: 8.43 PB Ratio: 0.65 GF Score: 82/100

Q2 2024 DFDS AS Earnings Call Transcript

Aug 14, 2024 / 08:00AM GMT
Release Date Price: kr184.3 (+0.05%)
Operator

Ladies and gentlemen, welcome to the DFDS Q2 Report 2024 Conference Call. I'm Sava, the Chorus Call operator. (Operator Instructions) and the conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Torben Carlsen, CEO. Please go ahead.

Torben Carlsen
DFDS AS - President, Chief Executive Officer, Acting Chief Financial Officer, Member of the Executive Board

Thank you very much, and welcome to this call. I'm joined by our new CFO, Karen Boesen; and Søren Brøndholt, Head of our IR.

Q2 turned out to be a more challenging quarter than expected. And as you know, we consequently revised the earnings outlook for 2024. I'm pleased to report that we still expect to deliver an adjusted free cash flow in 2024 of DKK 1.5 billion. We are dealing with two sets of challenges. One is market headwinds linked to the overall European macro picture and transport market dynamics. The second challenge is our own performance.

For some of our

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