Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Wednesday, 18 October 2017

LOGISTICS ACTIVITIES IN BELFAST RESTRUCTURED

DFDS A/S    

Published: 16:45 CEST 18-10-2017 /GlobeNewswire /Source: DFDS A/S / : DFDS /ISIN: DK0060655629

LOGISTICS ACTIVITIES IN BELFAST RESTRUCTURED

company announcement no. 67

 

 

 

DFDS' logistics activities based in Belfast have been restructured to focus operations and improve the return on invested capital.

 

The growth and financial performance of the door-door reefer line-haul business between Ireland and Great Britain have in recent years not met expectations and have been lossmaking in 2017.

 

The reefer line-haul business will therefore be taken over by Manfreight Ltd. effective from 1 November 2017, including more than 100 employees.

The total annual revenue of activities included in the restructuring is around DKK 250m. The restructuring will result in an accounting loss in 2017 of around DKK 10m

 

Going forward the focus will be on door-door trailer solutions for ambient cargo, mainly covering Northern Ireland and England/Scotland and contract logistics for major retailers.

  

The restructuring is expected to lead to an improvement of earnings for the activities based in Belfast in 2018.

Contact
Niels Smedegaard, CEO, +45 33 42 34 00   

Torben Carlsen, CFO, +45 33 42 32 01   

Søren Brøndholt Nielsen, IR, +45 33 42 33 59   

Gert Jakobsen, Communications, +45 33 42 32 97   

 

 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.


OMX_NO_67_18_10_2017



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: DFDS A/S, DFDS House, Sundkrogsgade 11, København 2100, Danmark
If you would like to unsubscribe and stop receiving these e-mails click here.