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2002 - DFDS

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29<br />

Profit forecast 2003<br />

! Oil prices and foreign currencies of particular<br />

importance to <strong>DFDS</strong> (SEK, USD, NOK, GBP, EUR)<br />

are expected to remain at the same level as at the<br />

beginning of March 2003<br />

! Increase in turnover of about 5%<br />

! Investments in ships of approx. DKK 700 million before<br />

sale of ships<br />

! Low level of investment apart from company<br />

acquisitions<br />

! Uncertainty relating to economic trends is greater than<br />

normal due to the situation in Iraq<br />

29

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