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Profits drop at DFDS

Its Dover-Calais ferry route depressed DFDS profit in the first three months lower than the £12 million posted in Q1 2012, on revenue of £309 Depreciation, and Amortization - deficit on the Channel routes on revenue of £43 million, but this was a low season quarter. It expects the situation to pick up strongly in the high season spring and summer 2012. It now operates three ships, with LD Lines' stake at 18%. The Dover-Calais service has faced competition from French-owned co-operative My Ferry Link which emerged from the defunct SeaFrance, of three former SeaFrance ferries and leaseback to My Ferry Link, a stagnation in its key markets in northern Europe, putting further pressure on prices as overall supply of capacity remained virtually year. The result in Q1 was a bit lower than last year but slightly above our expectations and we maintain our loutlook for the full year."

of the year.

The Danish operator reported Q1 profit of £11 million, 


It posted a £7 million EBITDA - Earnings Before Interest, Taxes, 


DFDS and LD Lines launched the route with a single vessel in February 

as well as P&O Ferries. DFDS also operates the Dover-Dunkirk service.

A delayed competition report into Eurotunnel's acquisition 

move that prompted complaints from P&O and DFDS, is expected in June.

Niels Smedegaard, DFDS chief executive, said there was continued 


"We foresee that this situation will also characterise the rest of the 

DFDS Seaways ferry
DFDS Seaways ferry
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