Q2 2025 INTERIM REPORT
ANNOUNCEMENT NO. 25/2025
Q2 2025
- Revenue up 3% to DKK 7.8bn Organic growth was -2%
- EBIT reduced 69% to DKK 163m
- Adjusted free cash flow of DKK 538m
- CO2 ferry emission intensity from own fleet lowered 4.1%
Outlook 2025
- EBIT of DKK 0.8-1.0bn (previously around DKK 1.0bn)
- Revenue growth of around 5%
- Adjusted free cash flow of around DKK 1.0bn (unchanged)
“Most of the network performed in line with our expectations for the quarter. The Mediterranean activities remain our key earnings challenge,” says Torben Carlsen, CEO.
| Q2 | Q2 | Change, | LTM | LTM | Change, | Full-year | |
| DKK m | 2025 | 2024 | % | 2024-25 | 2023-24 | % | 2024 |
| Revenue | 7,810 | 7,580 | 3 | 30,510 | 28,613 | 7 | 29,753 |