Gotlandsbolaget: 2023 marked by economic recovery

March 22, 2024
  • Entered 2023 with historic loss but made necessary decisions in 2022.
  • Economic recovery in 2023 due to stabilized fuel costs, streamlining, and adjusted ticket prices.
  • Achieved adjusted operating profit of 161.7 MSEK, turning loss into profit.

Financial performance:

  • Revenues at 2,366.4 MSEK, lower than previous year.
  • Costs at -2,187.6 MSEK, lower due to discontinuation of Rostock line and vessel divestment.

Transition in fuel:

  • Shifted from LNG to MGO in 2022 to mitigate fuel cost increases and avoid Russian gas.
  • Negative impact on emissions.
  • Started gradual return to LNG due to stabilized fuel prices.

Long-term goal of climate-neutral travel by 2045 remains despite challenges.

  • Challenges include low requirements in ongoing tender by Trafikverket for new technology investments.

Gotlandstrafiken’s role:

  • Submitted bids for 2027-2035 concession period.
  • Confidence in ability to adapt regardless of concession outcome.
  • Opportunity to operate during peak demand even without main concession.

Focus on development and expansion:

  • Strong liquidity supports investment in ships, properties, and new ventures.
  • Acquisition of Birka Gotland and partnership with Viking Line for Baltic cruises signals focus on passenger shipping.
  • Investing in biogas production on Gotland and exploring further investments in fossil-free fuels.
  • Exciting prospects and significant investments in local hotel and property operations on Gotland.

Read the annual report (in Swedish) here.


EQT-owned Molslinjen demands that the tender for the ferry service to Gotland be redone. In a letter to the Minister of Infrastructure and to the Swedish Transport Administration, it is claimed that the tender requirements are bad for the environment and cost the state SEK 5 billion in unnecessary expenses.

Source: Dagens industri (in Swedish, and paywalled)