Finnlines’ Financial review January–March 2023

By | 2023 Newsletter week 18 | No Comments
  • +4% Revenue MEUR 163.1 (157.0 in 2022)
  • +28% EBITDA MEUR 45.5 (35.6)
  • +42% Result MEUR 21.5 (15.1)
  • Interest bearing debt increased by MEUR 21.2 million and was MEUR 352.9 (331.7) at the end of the period.
  • Cargo volumes were on a satisfactory level regardless of the fact that Russian operations were already suspended in Q1 2022 and that there were strikes in ports and on railways in Finland in February. However, Finnlines’ passenger business has fully recovered after more than two years of travel restrictions.
  • Finnlines has further strengthened its liner network on its Belgium-Ireland freight service by adding a second ro-ro vessel, FINNPULP, on the Zeebrugge-Rosslare route in February.
  • A new port, Teesport, was added to the network when P&O Ferries chartered FINNPULP for three days a week.
  • Finnlines is preparing to open a new route between Malmö and Świnoujście.

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Brittany Ferries and William the Conqueror: it will happen in 2025

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Brittany Ferries has announced the name of its forthcoming hybrid ship, which will sail between Portsmouth and Caen: GUILLAUME DE NORMANDIE.

The name was confirmed at a press conference held in Caen, where Guillaume de Normandie (William the Conqueror) is buried.

She will join the Brittany Ferries fleet in May 2025, sailing alongside sister-ship SAINT-MALO.

GUILLAUME DE NORMANDIE will replace Brittany Ferries’ NORMANDIE, a loyal servant sailing since 1992.