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Investing.com -- DFDS A/S (CSE:DFDS) posted weaker second-quarter results, with earnings falling short of expectations as its Mediterranean operations continued to weigh on performance.
EBITDA dropped 28% year-on-year to DKK 893 million, below the company-compiled consensus of DKK 1.04 billion. EBIT fell 69% to DKK 163 million, missing forecasts of DKK 255 million.
Revenue rose 3% from a year earlier to DKK 7.8 billion, compared with expectations of DKK 8.1 billion.
The update comes after the company last week cut its 2025 (FY25) EBIT guidance to a range of DKK 0.8–1.0 billion from around DKK 1.0 billion previously, while maintaining its full-year free cash flow target of around DKK 1.0 billion.
DFDS said its Mediterranean operations remain the “key earnings challenge,” while its other business segments performed broadly in line with expectations during the quarter.
"2Q results [were] below consensus, but FY25E EBIT guidance cut [was] previously communicated," RBC Capital Markets analyst Ruairi Cullinane said in a note.