DFDS shares rise as 2026 outlook upgraded on Q2 results

Shares in DFDS A/S surged on Thursday after the Danish ferry operator upgraded its 2026 outlook, citing stronger second-quarter earnings.

The company reported a 12% year-on-year increase in Q2 net profit to DKK 1.2 billion ($170 million), beating analyst estimates. Revenue rose 8% to DKK 5.4 billion, driven by higher freight volumes and improved pricing across key routes.

DFDS raised its 2026 earnings before interest, taxes, depreciation and amortization (EBITDA) guidance to DKK 6.5-7.0 billion, up from a prior range of DKK 5.8-6.2 billion. The company attributed the upgrade to sustained demand in its core freight business and cost efficiencies implemented in 2023.

Analysts at Danske Bank and Nordea revised their price targets upward following the results, with Danske Bank lifting its target to DKK 280 from DKK 240 and Nordea to DKK 260 from DKK 220. DFDS shares closed 4.5% higher at DKK 258.50, outperforming the broader Copenhagen benchmark.

Management highlighted continued strength in the North Sea and Baltic Sea freight markets, while noting stable passenger traffic. The company also reaffirmed its commitment to a DKK 1.5 billion share buyback program, with DKK 500 million already repurchased in Q2.

DFDS operates one of Europe’s largest ferry networks, connecting Scandinavia with the UK, Germany, and the Baltics. The upgraded outlook reflects broader industry trends, including resilient freight demand and controlled operational costs amid volatile fuel prices.