Finnlines’ Financial statements 2023 and Financial review January–December 2023

March 8, 2024

January–December 2023

  • Revenue EUR 680.7 (736.1 in 2022) million.
  • Result EUR 60.3 (133.3) million.
  • EBITDA, EUR 166.3 (221.2) million.
  • Finnlines transports a third of the 1 million trucks carrying goods between Finland, Sweden, and Continental Europe every year.
  • In 2023, Finnlines transported 710,000 cargo units, shipped 157,000 cars, and carried 1,344,000 tons of non-unitised freight, and 695,000 passengers.

Tom Pippingsköld, President and CEO, in conjunction with the review:

“The high interest rate environment has negatively affected private consumption, construction sector and industrial demand. Finnlines had to face multiple of issues during 2023 which weakened our result, apart from higher interest rates were, strike in February, start-up costs of a new vessel, dockings of several vessel to name few. The same matters seem to continue at the beginning of this year, but we are seeing now improved industrial activity and private consumption has bottomed out. ECB should now understand to quickly bring the interest rates down in order to prevent neither a stagnant nor recessionary development in EU area, instead, their task is now to fuel growth in EU.”

“We are finally, closer than ever, to open a new RoPax line between Sweden and Poland, from Malmö to Swinoujscie.”

Finnlines’ Financial statements 2023, pdf

Finnlines’ Financial review January-December 2023, pdf