DFDS has made more money in the fourth quarter of 2016 and rewarded investors with higher dividend and fresh share buybacks.
The ferry and ro-ro owner reported pre-tax profit of DKK 268m ($38.4m) from October to December, an increase of 50.2%.
Its Ebitda rose by 22.6% to DKK 513m but missed the estimates of DKK 530.4m.
Niels Smedegaard, chief executive of DFDS, said: “We have raised our earnings level considerably during 2016.
“Nonetheless, our pursuit of improvement will continue. We are especially excited about exploring digital opportunities to improve customer satisfaction and operational efficiency.”
DFDS’s board of directors has increased the dividend by 33% to DKK 8.00 per share while two share buybacks valued at DKK 800m are expected to be completed in February and August.
The company attributed its performance to higher capacity on the English Channel while its shipping division reported 17% higher freight volumes and 6% more passengers.
