DFDS INITIATES COST REDUCTION PROGRAMME & LOWERS 2025 OUTLOOK

Core Viewpoint - DFDS is initiating a Cost Reduction Programme aimed at achieving DKK 300 million in cost savings by 2026 to enhance financial performance and competitiveness in a changing market environment [2][3][7] Group 1: Cost Reduction Programme - The Cost Reduction Programme will primarily involve a reduction of approximately 400 office-based positions and other specific cost initiatives across the organization [3][7] - A one-off cost of around DKK 100 million is expected to be incurred in Q4 2025, mainly related to redundancies [3][7] Group 2: Financial Outlook - The EBIT outlook for 2025 has been lowered to DKK 600-750 million from a previous estimate of DKK 800-1,000 million, largely due to uncertainties in Q4 2025 for Mediterranean ferry and logistics activities [4][7] - The full-year 2025 Adjusted free cash flow is now expected to be around DKK 0.9 billion, down from a prior estimate of DKK 1.0 billion [4][7] Group 3: Company Overview - DFDS operates a transport network in Europe with an annual revenue of DKK 30 billion and employs approximately 16,500 full-time staff [6][8]