Brittany Ferries: A Stabilised Return to Growth in 2024
Brittany Ferries has reported strong operational results for 2024, confirming its stabilised return to growth. The company’s consolidated revenue (excluding Condor Ferries) reached €516 million, marking a 6.5% increase from 2023.
The passenger sector continues its steady recovery, with nearly 2 million passengers transported, a 6.5% rise compared to the previous year. Growth was particularly strong on the Channel routes, where Brittany Ferries outperformed its competitors. Freight volumes also increased by 4%, with the Spanish and Irish routes leading the way at +8.3%.
Despite the introduction of the EU Emissions Trading Scheme (ETS), which added an €8 million cost in 2024, Brittany Ferries maintains solid operational profitability. The company has also significantly reduced its Covid-related debt, fulfilling commitments to repay regional loans and progressing towards a 50% reduction in its state-guaranteed loan by the end of 2025.
Strategic decisions taken over the past decade, particularly the development of long-haul routes to Spain and Ireland, now contribute nearly half of Brittany Ferries’ total revenue. These results reinforce the company’s leadership in sustainable maritime transport, as it continues investing in fleet decarbonisation and innovation.
Brittany Ferries’ resilience is further reflected in the confidence of new private investors and the unwavering support of its historical shareholders. With the introduction of Europe’s two largest hybrid ferries in 2024, the company remains at the forefront of innovation in the maritime sector.
