PERFORMANCE ISSUES CLOSES ROSYTH-ZEEBRUGGE ROUTE


COMPANY ANNOUNCEMENT
 

performance issues closes rosyth-zeebrugge route

The route between Rosyth in Scotland and Zeebrugge in Belgium carrying only freight is being closed. The financial performance of the route, that deploys one ro-ro freight ferry for three weekly round trips, has struggled to meet expectations. Freight volumes are, in general, increasingly being focused on large hubs offering a high frequency of departures deploying larger ferries.

As volumes are not foreseen to pick up on the route nor large enough to sustain an efficient route set-up, the route is being closed.

The annual revenue of the route was around DKK 100m in 2017.


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 Jacobsen, 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.

Attachments

UK_OMX_NO_34_23_04_2018_Rosyth