DFDS Group (DFDDF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the DFDS Q3 Report 2025 conference call. I am Healy, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Torben Carlsen, CEO. Please go ahead. Thank you very much. Good morning and welcome to DFDS's Q3 2025 conference call. I am, as usual, joined here by Karen Bosen, our CFO, and Søren Brønhold, our Head of Investor Relations. It has been an eventful morning. On this call, we will focus on the Q3 report, the cost reduction program, and the assumptions behind the outlook change for 2025 that mainly relate to uncertainty about Q4. With regard to the board's initiation of a search process to find my successor, we'll try to not make that a focus in today's call. I'm of course sad to be leaving DFDS. I have truly enjoyed every minute here. Let me emphasize also that I am still at DFDS. I'm staying until a successor is in place. Fully committed obviously to my responsibilities and dedicated to support DFDS throughout the CEO changeover and also of course the initiation of our cost reduction program. What's important is that we are staying the transition course. We made further progress on the logistics booth projects in Q3. Our new Mediterranean price model raised rates in September. And our third focus areas, the Turkey and Europe's south turnaround, progressed, but with less pace than expected, also in Q3. But let's start with putting it all into perspectiv...