May 9, 2025
10 key takeaways from Thomas Doepel, President and CEO
- Q1 2025 was “quite satisfactory”
CEO Thomas Doepel reported a solid start to the year, with profitability improved through strategic adjustments made in 2024. - Fleet rationalisation paid off
By optimising fleet composition and reorganising freight services, Finnlines boosted its profitability despite market challenges. - Falling interest rates supported results
Alongside operational changes, reduced debt levels and lower interest rates were major contributors to improved financial performance. - Significant growth in earnings
Revenue rose to EUR 166.0 million (up from EUR 162.2 million), and EBT surged to EUR 7.9 million (from just EUR 0.4 million in Q1 2024). - Solid transport volumes
In Q1, Finnlines transported:- 194,000 cargo units
- 18,000 cars
- 297,000 tonnes of non-unitised freight
- 165,000 passengers
- New RoPax ships ordered by parent company
After the reporting period, the Grimaldi Group announced an order for nine new ro-pax vessels, including three for the Baltic Sea (Helsinki–Travemünde) - Methanol-ready engines for future fleet
All nine new vessels will be methanol-capable, aligning with Finnlines’ ambition to reach net zero emissions. - Geopolitical tensions remain—but optimism is emerging
While the situation in Europe remains uncertain, a possible stabilisation in Ukraine could open new growth avenues in Northern Europe. - Germany’s infrastructure push seen as a growth catalyst
Germany’s EUR 500 billion investment plan is expected to stimulate economic activity—Finnlines aims to capitalise on this as a Baltic Sea leader. - Finnlines well-positioned in the Baltic
With up to 26 weekly departures between Finland and Germany, and nearly 40 between Sweden and Germany, Finnlines is strategically placed to benefit from any upturn in demand.
Read the Q1 2025 interim report here, by clicking on the cover:
