Finnlines: Essential Lifeline for Finland – Challenging Q2
H1 2020
- -20% Revenue EUR 236.4 million (295.5)
- -20% EBITDA EUR 66.4 million (83.5)
- -32% Result EUR 31.7 million (46.7)
Q2 2020
- -33% Revenue EUR 105.8 million (157.9)
- -43% EBITDA EUR 28.2 million (49.4)
- -64% Result EUR million 11.0 (30.4)
Especially Q2 was extremely challenging, with almost no passenger traffic and the slowdown in global trade caused by the global pandemic.
Finnline is essential for the supply of island-like Finland. The company says that it transports more than one third of the roughly one million trucks moving over the three main sea bridges, Finland–Estonia, Finland–Sweden and Finland–Germany, which are connecting Finland to the rest of Europe.
During H1, Finnlines operated on average 19 vessels in its own traffic. The cargo volumes totalled approximately 357k (386k) cargo units, 60k (88k) cars (not including passengers’ cars) and 522k (581k) tons of freight not possible to measure in units.
In addition, some 227k (310k) private and commercial passengers were transported.
Finnlines has been following closely all the emergency measures to shipping companies, and aims for fair conditions of competition.
