March 12, 2020

Eckerö Group – Year-end Report for 2019


+2.9% passengers (€3.5 million)

+2.0% revenue (€238.6 million)

Operating profit, adjusted for sales gains, EUR 1.0 million (EUR 15.6 million)

Operating profit, including sales gains, EUR 1.0 million (EUR 16.3 million)

Profit for the financial period EUR 0.8 million (EUR 10.2 million)

Interest-bearing liabilities EUR 95.1 million (EUR 71.8 million)

Net debt of EUR 56.3 million (EUR 18.2 million)

Cash flow from business operations EUR 16.4 million (EUR 28.6 million)

In May, the group invested in a ro-pax vessel which was renamed FINBO CARGO. The ship was deployed on the Helsinki-Tallinn line at the end of June. During Q1 of 2020, FINBO CARGO will be docked to be upgraded to ice class 1A.

TRANSPORTER was purchased in the spring and put in April in traffic with DFDS as carrier.

The main reasons for the decrease in earnings are the dockings, deterioration in earnings in Birka Cruises, the weak krona as well as start-up of FINBO CARGO and strike effects.