Danish ferry operator DFDS raised its 2026 earnings outlook citing stronger than anticipated performance across the majority of its strategic operations during the first quarter.
The company now expects earnings before interest and taxes to reach between DKK1 billion ($143 million) and DKK1.4 billion, an increase from the previously forecasted range of DKK800 million to DKK1.1 billion.
This revision followed progress on five out of six operational turning points that performed ahead of internal expectations, with the Mediterranean ferry network providing the most significant contribution.
Further improvements across these areas are anticipated throughout the remainder of the year, according to the company.
The sixth operational turning point performed in line with expectations during the quarter. While a sudden rise in oil prices and the price spread between high and low sulphur fuel types created a negative financial impact in March, DFDS stated it expects this trend to reverse and provide a positive impact in the second quarter.
The company is scheduled to release its full interim report for the first quarter of 2026 on May 5.