TRIESTE – DFDS opened 2026 with improving operating results, despite a decline in revenue, supported by growth in freight traffic and a recovery in profitability.
In the first quarter, the Danish group recorded revenue of around 985 million euros (7.35 billion Danish kroner), down 2% year-on-year. The operating result (EBIT) returned to positive territory at around 4.4 million euros (33 million kroner), compared with a loss of 117 million kroner in the same period of 2025. EBITDA rose to around 107 million euros (799 million kroner).
The improvement was driven mainly by the ferry division, where freight traffic increased by 2.8%. The Mediterranean, in particular, made a significant contribution to growth, thanks to a combination of higher volumes and price adjustments. At the same time, the passenger segment showed a 5.5% decline, confirming the gradual shift of the business towards cargo.
The recovery is mainly linked to restructuring programmes and efficiency projects launched in 2025, also in response to competition on the route from the port of Trieste to Turkey.
The logistics division remained weaker: revenue fell to around 514 million euros (3.84 billion kroner), down 5%. However, profitability improved, with EBITDA rising to around 30 million euros (227 million kroner) and the operating loss reduced to around 1 million euros (-7 million kroner).
However, uncertainty linked to the geopolitical context remains high. Tensions in the Iran-Gulf area – DFDS explains in a report – have pushed oil prices higher since March, with a negative short-term impact on the accounts, which the group expects to recover in the second quarter. At present, no significant effects on traffic volumes have been recorded.
The outlook for 2026 remains unchanged: DFDS expects revenue in line with 2025 and EBIT of between around 134 and 188 million euros (1.0-1.4 billion kroner). Growth will be supported by pricing policies, cost reductions and a recovery in Mediterranean activities.
Among recent developments, the group has started the succession process at the top, with a new CEO due to take office in July 2026.