DFDS EXPANDS CAPACITY ON STRAIT OF GIBRALTAR

Core Insights - DFDS has agreed to purchase part of Naviera Armas' ferry operations in the Strait of Gibraltar, including two ferries and related assets for DKK 240 million, pending regulatory approvals [1][7] - The acquisition is expected to enhance DFDS's service offerings on existing routes and is projected to generate additional revenue of approximately DKK 500 million in 2026 [4][3] Group 1: Acquisition Details - The purchase includes one RoPax ferry, Volcan de Tamasite, built in 2004, and one high-speed catamaran ferry, Villa de Agaete, built in 1999, along with existing route permits and around 200 employees [1][4] - The transaction is expected to close in Q1 2026 and will not impact DFDS's financials for 2025 [4][7] Group 2: Market Context and Expectations - DFDS currently operates two ferry routes in the Strait of Gibraltar, and the acquisition will expand its capacity on these routes, enhancing offerings for both freight and passenger customers [2][3] - The growth of the ferry market in the Strait of Gibraltar has exceeded expectations since DFDS entered the market in 2024, indicating a positive outlook for the expansion [2]