DFDS gives hint of carnage to come with 43% profit drop

Danish ro-ro owner DFDS has logged a 43% drop in earnings in the first quarter despite the fact the pandemic only really took a grip in Europe in the last few weeks of the period.

In its preliminary results to 31 March, the company said earnings before interest and taxes was down to DKK 133m ($19m) from DKK 234m in 2019, while profit before tax dropped to DKK 98m from DKK 159m.