April 5, 2024
Transportation: In the financial year 2023, AS Tallink Grupp and its subsidiaries transported 5.7 million passengers, marking a 4.5% increase from the previous year. Passenger car transportation showed a positive growth of 2.6%, while the number of cargo units transported decreased by 20.9% compared to the previous financial year.
Financial Performance:
- Revenue: The Group’s audited consolidated revenue reached EUR 835.3 million, reflecting an 8.3% increase year-on-year. Revenue from route operations, the core business, rose to EUR 645.8 million, up by EUR 16.9 million from the financial year 2022.
- EBITDA: Audited EBITDA stood at EUR 214.5 million, significantly higher than EUR 135.8 million in the financial year 2022.
- Net Profit: The unaudited net profit for the period surged to EUR 78.9 million, a substantial increase from EUR 13.9 million in the financial year 2022, up by 466.0%.
Source: Tallink Grupp investor relations
“As a result of almost a herculean effort, dedication, perseverance, commitment and many sacrifices, Tallink Grupp has achieved the near-impossible in 2023 and has risen like a phoenix from the ashes of the last four years of crises and challenges.”
Paavo Nõgene, Chairman of the Management Board
