Edition:
United Kingdom

‍DFDS To Restructure Italian Logistics Activities Following Unsatisfactory Results


Monday, 5 Mar 2018 

March 5 (Reuters) - DFDS A/S ::REG-COMPANY ANNOUNCEMENT NO. 19 2018.‍ITALIAN LOGISTICS ACTIVITIES ARE TO BE RESTRUCTURED FOLLOWING UNSATISFACTORY RESULTS.​.‍DFDS' ITALIAN LOGISTICS ACTIVITIES ARE TO BE RESTRUCTURED FOLLOWING UNSATISFACTORY RESULTS.​.‍WAREHOUSING AND DISTRIBUTION ACTIVITIES BASED IN FAGNANO, NORTH OF MILAN, WILL CEASE AS PER 1 APRIL 2018​.‍THESE ACTIVITIES WILL BE OFFERED BY OTHER OPERATORS OR CEASE LATEST 1 APRIL 2018.​.‍RESTRUCTURE IS EXPECTED TO REDUCE REVENUE OF ITALIAN LOGISTICS ACTIVITIES IN 2018 BY AROUND DKK 225M COMPARED TO 2017​.‍RESTRUCTURE IS EXPECTED TO ENTAIL A SMALL EARNINGS IMPROVEMENT IN 2018 EXCLUDING ONE-OFF COSTS OF AROUND DKK 15M​.‍REVENUE GROWTH OUTLOOK FOR 2018 IS UNCHANGED AT AROUND 2% ADJUSTED FOR RESTRUCTURING OF ITALIAN LOGISTICS ACTIVITIES​.‍EBITDA 2018 OUTLOOK IS LIKEWISE UNCHANGED.​.2018 ‍OUTLOOK FOR SPECIAL ITEMS IS CHANGED TO DKK -45M FROM PREVIOUSLY DKK -20M​.