{"id":37623,"date":"2026-02-19T23:26:57","date_gmt":"2026-02-19T22:26:57","guid":{"rendered":"https:\/\/www.adriaports.com\/uncategorized\/dfds-ends-2025-in-the-red\/"},"modified":"2026-02-25T09:07:31","modified_gmt":"2026-02-25T08:07:31","slug":"dfds-ends-2025-in-the-red","status":"publish","type":"post","link":"https:\/\/www.adriaports.com\/en\/logistics\/dfds-ends-2025-in-the-red\/","title":{"rendered":"DFDS ends 2025 in the red"},"content":{"rendered":"<p><strong>TRIESTE \u2013<\/strong> Danish group <a href=\"https:\/\/www.dfds.com\/it-it\/traghetti-merci-e-logistica\" target=\"_blank\" rel=\"noopener\">DFDS<\/a> closed 2025 with <strong>higher revenues but a negative net result<\/strong>, against a backdrop of squeezed margins and intensifying competition, including on the Turkey\u2013Italy route.<\/p>\n<p>According to the 2025 financial statements, consolidated revenue rose to <strong>around \u20ac4.15 billion at the current exchange rate from Danish kroner. In 2024 it was around \u20ac3.98 billion.<\/strong><\/p>\n<p>EBITDA fell to around \u20ac502 million, from \u20ac594 million the previous year. EBIT dropped sharply to about \u20ac70 million, versus \u20ac202 million in 2024. Net result came in at <strong>around -\u20ac57 million<\/strong>, compared with a profit of \u20ac72.4 million in 2024. The EBITDA margin declined to 12.1%.<\/p>\n<p>Across the year, DFDS carried <strong>41.48 million lane metres of ro-ro freight, down 0.3%<\/strong>, and 5.25 million passengers, down 22.2%. <strong>CEO Torben Carlsen said the group launched a cost-reduction programme as early as November, culminating in around 400 redundancies.<\/strong> The aim is to resize the organisation and create the conditions for improved results in 2026.<\/p>\n<p><strong>The Ferry Division\u2014which also includes Mediterranean services and, in the Port of Trieste, DFDS\u2019s control of Samer Seaports\u2019 Ro-Ro terminals\u2014reported revenue of around \u20ac2.28 billion, down 4.8%<\/strong> year-on-year. The Logistics division grew to \u20ac2.1 billion. Net interest-bearing debt was reduced to around \u20ac2.05 billion.<\/p>\n<p>Operationally, the Turkey\u2013Italy corridor saw stronger competitive pressure. The report notes that <a href=\"https:\/\/www.adriaports.com\/en\/shipping-en\/trieste-turkey-grimaldi-increases-ro-ro-departures\/\">since mid-September 2024 a competitor (Grimaldi) has injected additional capacity into the \u201cMotorway of the Sea\u201d<\/a>, with four vessels in operation by end-2025, changing price and market dynamics. The market is described as split 51% sea and 49% road, with the maritime share up by five percentage points since early 2024. <strong>The Istanbul\u2013Trieste route is part of the group\u2019s Mediterranean network and is one of the strategic axes towards Central-Eastern Europe<\/strong>. However, excess capacity and weak demand in several European markets weighed on overall margins.<\/p>\n<p><strong>In its 2026 outlook, DFDS expects revenue broadly in line with 2025 and an improvement in EBIT.<\/strong> Growth is expected to be driven mainly by the Mediterranean and Channel networks, as well as by the full-year effect of turnaround initiatives and the cost-reduction programme launched in 2025. For routes linking Europe to Turkey and North Africa, freight volumes are expected to rise further in 2026, although the Turkey\u2013South Europe cluster is expected to remain loss-making broadly in line with 2025. DFDS also aims to strengthen cash generation, with adjusted free cash flow expected to be above zero and a gradual reduction in leverage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TRIESTE \u2013 Danish group DFDS closed 2025 with higher revenues but a negative net result, against a backdrop of squeezed margins and intensifying competition, including on the Turkey\u2013Italy route.<\/p>\n","protected":false},"author":2,"featured_media":28806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25,26],"tags":[],"class_list":["post-37623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics","category-shipping-en","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n<title>DFDS ends 2025 in the red - AdriaPorts<\/title>\n<meta name=\"description\" content=\"Revenue up but margins sharply down, competitive pressure weighs also on Turkey\u2013Italy routes\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.adriaports.com\/en\/logistics\/dfds-ends-2025-in-the-red\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DFDS ends 2025 in the red - 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