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DFDS osti Norfolklinen

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Timo Selkälä:
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=378260&messageId=452883

•DFDS acquires Norfolkline from A. P. Møller - Mærsk for a debt-free purchase
price of EUR 346 mill.

•The transaction consists of a cash payment of EUR 170 mill. and an ownership
in DFDS of 28.8% (post completion) corresponding to a current market value of
EUR 176 mill.

•A. P. Møller - Mærsk will subscribe to 28.2% of the shares in DFDS through a
directed issue and 0.6% through a transfer of treasury shares. The financing of
the transaction further includes a rights issue in the amount of EUR 75 mill.

DFDS' acquisition of Norfolkline creates Northern Europe's leading sea-based
transport network by combining two leading and complementary shipping
companies. Combined pro forma revenues will be EUR 1.5 bill. in 2009 with an
operating profit (EBITDA) of EUR 139 mill. and 6,200 employees.

A perfect match: ”This is a perfect match,” says DFDS' CEO Niels Smedegaard.
“Norfolkline is a leading ferry and logistics company with a strong route
network covering the North Sea, the Channel and the Irish Sea, combined with a
considerable logistics operation. This means, that DFDS' network is expanded to
include two new markets, the Channel and the Irish Sea, we can combine our
operations on the North Sea, and our ability to secure volumes for the network
is greatly strengthened. We both serve passengers and freight customers and can
now provide transport solutions spanning the whole of Northern Europe - from
Russia to Ireland.”

Network strategy: The driving force behind the acquisition is DFDS' network
strategy. “Through this acquisition we gain scale and come closer to our vision
of building a European sea based transport network. The integration of our
companies will generate considerable synergies and we expect this transaction
to improve our earnings capability once the market recovers,” says Niels
Smedegaard.

Consideration and ownership: The debt-free purchase price of EUR 346 mill.
consists of (i) a fixed cash payment of EUR 170 mill. and (ii) a variable
payment, with a current value of EUR 172 mill., used for subscribing to a
directed issue of shares in DFDS equalling 28.2% post completion, and (iii)
0.6% of DFDS treasury shares. Including an additional purchase of shares from
Lauritzen Fonden, A. P. Møller - Mærsk's ownership will equal approximately
31%. “We are looking forward to becoming a major shareholder in DFDS and are
convinced that the new company will create value for its owners,” says Søren
Skou, Partner and member of the Executive Board of A. P. Møller - Mærsk.

“We are excited about the prospects for the new DFDS,  delighted that A. P.
Møller - Mærsk has decided to become a major shareholder and we welcome Søren
Skou to join DFDS' board,” says Jens Ditlev Lauritzen, Chairman of the Board of
Lauritzen Fonden, the largest shareholder in DFDS.

Transaction conditions: The transaction is subject to customary conditions,
including satisfactory approvals by relevant competition authorities, approval
of the directed share issue and the rights issue by DFDS' Extraordinary General
Meeting (EGM) as well as subsequent completion of the share issues.

Press Conference and Analyst Meeting today

Press conference with management from DFDS and A. P. Møller - Mærsk today at
13:00 CET.

Call and meeting for analysts and investors today at 15:30. CET 

Both meetings at DFDS House, Sundkrogsgade 11, Copenhagen.

Lassi Liikanen:
Nyt kun sitten Norfolkline on osa DFDSää, on laivaston nimistö saanut muutoksia. Kanaalilautoista on mm. otettu edestä Maerskit pois ja loppuosan perään lisätty Seaways, esim. Dunkerque Seaways (ex-Maersk Dunkerque). Myös muut Maersk-alkuiset nimet on saaneet peräänsä Seawaysejä, ja sanoja on hieman taivutettu ja muuteltukin (esim. Scotia Seaways, ex-Maersk Exporter).

Sen lisäksi, että Maersk-laivat on hävitetty laivastosta, 12.07.2010 DFDSn toiminta pyörii enää kahdella brändillä vanhojen useiden brändien (DFDS Seaways, DFDS Tor Line, DFDS Container Line, ja näitähän riittää) sijaan. DFDS Tor Line, entinen DFDS Seaways ja DFDS Lisco on nyt kaikki samaa DFDS Seawaysia. Kaikki muu on DFDS Logistics-yksikköön kuuluvaa. Konsernin nimenä säilyy DFDS. Käytännössä diviisioonien uudistus toteutettiin näin:

"Norfolkline, DFDS Tor Line and DFDS Lisco are now all DFDS Seaways, and DFDS Container Line, DFDS Lys Line, Speedcargo, Halléns and Norfolkline Logistics are now all called DFDS Logistics. The old names will gradually disappear."

Nyt on sitten käytännössä tuhottu koko DFDSn historia poistamalla käytöstä Tor Linen vanha brändi sekä myös LISCO (Lithuanian Shipping Company).  :( Kaikki alkaa nyt sitten uusilla osa-alueilla puhtaalta pöydältä, kun vanhat pölyt on pyyhkäisty pois..

Timo Selkälä:
FoNElla olevan huhun mukaan DFDS aloittaa nyt sen mitä odotimmekin - sen mikä on heidän erikoisalansa eli reittien sulkemisen. Tällä kertaa kyseessä on matkustajareitti joka muuttuu pelkästään rahtilinjaksi, eli Rosyth-Zeebrugge. Saamme nähdä tuleeko asialle vahvistusta.

Ja asia näköjään varmistettu tänään.

Timo Selkälä:
DFDS A/S - Company Announcement
SALE OF ROUTES ON THE IRISH SEA
Copenhagen, 2 December 2010
Company announcement no. 43/2010



. Stena Line acquires two of the four DFDS routes on the Irish Sea

DFDS has today sold two routes in the northern part of the Irish Sea to
Stena
Line. The sale covers the routes Belfast-Birkenhead and Belfast-Heysham,
plus
two ro-ro vessels (Hibernia Seaways and Scotia Seaways) and two chartered
ro-pax vessels. Stena Line will in addition take over operations at the port
terminals of Belfast, Birkenhead and Heysham. Turnover on the routes in 2009
was DKK 520m.

Stena Line acquires a company that owns and operates the routes, plus two
ships. The overall consideration, on a debt-free basis, is DKK 354m (EUR
47.5m)
and will result in an accounting profit in 2010 of approximately DKK 185m.

There are no conditions attached to the completion of the sale.

Responsible solution
"The Irish routes we took over at the purchase of Norfolkline have, in the
last
two years, lost around a quarter of a billion Danish kroner. The prospect of
continuing very difficult market conditions and overcapacity on the Irish
Sea
means it could be a long time before earnings improve significantly. That is
not in harmony with our financial objectives and we have therefore decided
to
scale down our activity in this region," says Niels Smedegaard, CEO of DFDS.

Background to the sale
Improving profitability on the Irish Sea has been, and remains, an important
area of focus in DFDS' integration plan for Norfolkline. Besides the two
routes
that are now divested, the activities include two routes from Dublin to
Birkenhead and Heysham respectively, plus agency and port activities.

The Irish Sea activities have in recent years made substantial losses due to
considerable overcapacity on the market. This is a result of a sharp decline
in
demand since 2008 and lack of adjustment of capacity. Against this
background
it has not been possible to develop a business plan that in the short term
is
able to create a satisfactory return through optimisation and more efficient
operations on the northern routes. DFDS has therefore chosen a structural
solution and divested these routes.

DFDS will continue to analyse the remaining activities
Operation of the routes between Dublin and the UK will continue as before,
with
two ro-pax ships on the route to Birkenhead and one ro-ro ship on the route
to
Heysham. Port terminal operations in Dublin and sales agency activities will
likewise continue. Terminal services in Birkenhead and Heysham will be
provided
through Stena Line. The strategic and operational analysis that was
initiated
when Norfolkline was acquired will continue for the remaining activities.
This
work is expected to be completed in the first quarter of 2011.

Profit expectation for 2010 upgraded by gain from sale
As a result of the above-mentioned gain of DKK 185m, DFDS' profit forecast
for
2010 is upgraded accordingly from a pre-tax profit of DKK 250m to a pre-tax
profit of DKK 435m

Kalle Id:

--- Lainaus käyttäjältä: Lassi Liikanen - 24.07.2010, 01:23:54 ---Nyt kun sitten Norfolkline on osa DFDSää, on laivaston nimistö saanut muutoksia. Kanaalilautoista on mm. otettu edestä Maerskit pois ja loppuosan perään lisätty Seaways, esim. Dunkerque Seaways (ex-Maersk Dunkerque). Myös muut Maersk-alkuiset nimet on saaneet peräänsä Seawaysejä, ja sanoja on hieman taivutettu ja muuteltukin (esim. Scotia Seaways, ex-Maersk Exporter).

Sen lisäksi, että Maersk-laivat on hävitetty laivastosta, 12.07.2010 DFDSn toiminta pyörii enää kahdella brändillä vanhojen useiden brändien (DFDS Seaways, DFDS Tor Line, DFDS Container Line, ja näitähän riittää) sijaan. DFDS Tor Line, entinen DFDS Seaways ja DFDS Lisco on nyt kaikki samaa DFDS Seawaysia. Kaikki muu on DFDS Logistics-yksikköön kuuluvaa.

--- Lainaus päättyy ---
Fakta om Fartygin uusimman päivitysryöpsäyksen tsekanneet lienevät varmaankin huomanneet, että uudistuksia on nyt laitettu toimeen myös DFDS:n matkustajalaivoilla, kun Pearl of Scandinavia on muuttunut Pearl Seawaysiksi ja saanut samassa yhteydessä sinisen rungon ja korsteenin. Lopputulos on rehellisesti sanottuna kamala, varsinkin kun DFDS Seawaysin vanha väritys oli yksi minun mielestäni tyylikkäimpiä ainakin lauttavarustamoiden kategoriassa.

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