JANUARY: STABLE VOLUMES

Core Insights - Total freight volumes in January 2026 reached 3.3 million lane metres, representing a 1.2% increase compared to 2025, but a 0.5% decrease when adjusted for route changes [1] - The total transported freight lane metres for the last twelve months increased by 0.1% to 41.5 million from 41.5 million in 2025-24, with a 1.4% decrease when adjusted for route changes [2] - The number of passengers in January 2026 was 215,000, reflecting a 1.1% increase compared to 2025 after adjusting for route changes, primarily driven by higher volumes on the Strait of Gibraltar [2] - The total number of passengers over the last twelve months decreased by 21.3% to 5.2 million compared to 6.6 million in 2025-24, with a 4.4% decrease when adjusted for route changes [3] Freight Volumes - In January 2026, freight volumes were driven by higher activity in the North Sea and Baltic Sea, while Mediterranean and Strait of Gibraltar volumes were lower due to capacity reductions and fewer sailings, respectively [1] - The January 2026 freight volumes were slightly lower than the previous year when adjusted for route changes, indicating potential challenges in specific routes [1] Passenger Volumes - The January 2026 passenger count showed a decline compared to previous years, with a significant drop of 16.1% from 2025, indicating a trend of reduced passenger traffic [4] - The overall passenger numbers for the last twelve months also reflect a significant decrease, suggesting ongoing challenges in the passenger ferry segment [3][4] Company Overview - DFDS operates a transport network in and around Europe, generating an annual revenue of DKK 30 billion and employing 16,000 full-time staff [5] - The company provides a range of transport solutions, including ferry services for goods and passengers, and has been in operation since 1866 [6]