EBITDA before special items increased by 15% to MDKK 972 following higher earnings in primarily the Shipping Division. The result includes a negative EBITDA-impact of MDKK 45 from currency changes compared to 2015.

The Shipping Division's route network carried 17% higher freight volumes and 10% more passengers in Q3. The expanded ferry capacity in the Channel business unit carried 30% higher freight volumes and 15% more passengers. Freight volumes were up by 4% in all other parts of the network while passenger volumes were 1% lower.

The Logistics Division continued to improve earnings in the Nordic and Continent business units but this was offset by the effect of lower temperature-controlled volumes and the depreciation of GBP on the UK & Ireland business unit.

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