DFDS has increased its distribution to shareholders and launched a new share buyback scheme thanks to higher earnings in the second quarter.
The Danish group reported pre-tax profit of DKK 495m ($78.27m), compared to DKK 443m in the corresponding quarter of 2016.
DFDS plans to raise its dividend for August from DKK 5 per share to DKK 7.
Meanwhile, a new share buyback of up to DKK 300m will start today and is to be completed no later than 6 February 2018.
Niels Smedegaard, chief executive of DFDS, said: “We are pleased with our steady progress and remain on track to improve on the record result of last year.
“The activity in our route and logistics network reflects Europe’s growth.
“Prospects for continued growth in the key UK market remain positive and trading with continental Europe is increasing, especially UK exports.”
Investors reacted positively to the results as shares in DFDS had gaining around 4% at DKK 356.10 each at the time of writing.
