DFDS re-structures Italian business

DFDS’ Italian logistics activities are to be restructured following “unsatisfactory results”.

A large part of the activities are door-door rail solutions between Italy and Sweden/Denmark/UK. These activities will be offered by other operators or cease by April 1, 2018 at the latest. The warehousing and distribution activities based in Fagnano, north of Milan, will likewise cease by the same date.

The door-door rail solutions provided between Italy and Benelux/Ireland/Norway will continue and be managed from offices in Oslo and Rotterdam. Likewise, DFDS Lilla Edet (formerly Italcargo) will continue to provide road services between Sweden and Italy. 

DFDS expects to lose DKK 225m in revenue as a result of the re-structure, but forecasts that it will generate a further DKK 15m of earnings.

Source: DFDS