February 27, 2020

AS Tallink Grupp Unaudited Consolidated Interim Report 2019

Key figures 2019

  • +0,06% passengers (record number 9,763,210 which is 6,599 more)
  • -1.4% cargo units
  • Revenue €949.1 million ( in 2018 it was €949.7 million)
  • EBITDA €171.1 million (142.8 million)
  • Net profit €49.7 million (€40.0 million)

In the 2019 financial year, the Group’s revenue and operating result were impacted by the following operational factors:

  • The number of passengers travelling on the Group’s ships increased in almost all geographical segments (Estonia-Finland, Finland-Sweden and Latvia-Sweden).
  • Planned dockings of seven ships. Among other ships, the maintenance and repair of cruise ferry BALTIC QUEEN lasted for 42 days, which affected the Estonia-Sweden segment’s Q1 volumes and financial result.
  • The competition on the maritime traffic between Estonia and Finland puts pressure on ticket and cargo prices.
  • Lowered alcohol excise tax in Estonia effective from 01 July 2019.
  • Lower bunkering prices from lower global prices and fuel price agreements.
  • Tight cost control, investments to vessels’ energy efficiency and automation projects.