Brexit uncertainty forces DFDS to downgrade earnings expectations
The prospect of a no-deal Brexit led to stockpiling earlier this year that temporarily benefited DFDS's earnings in the first quarter. But the postponement to October 31 and the uncertainty around a no-deal Brexit has forced the firm to reduce revenue expectations for 2019. It claims to be well prepared for a no-deal Brexit. Its customers, however, are not
Ro-ro owner sees revenues and profits grow in the second quarter but Brexit casts cloud over the remainder of the year