Fjord Line has now secured a financial platform until May 2022 in a comprehensive refinancing where both owners and lenders have contributed.
This is the second of a total of two refinancing operations, due to the pandemic. The refinancing has a total liquidity effect for Fjord Line of a total of NOK 950 million (in the period May 2020 to April 2022).
Preliminary figures 2020:
-55% Turnover NOK 729 million,
-90% Turnover in some periods with very limited travel activity
-NOK 140 million Result before taxes
Fjord Line has received NOK 198 million in cash support from the Norwegian Authorities for the period March to October.
For November / December, Fjord Line expects NOK 70 million.
Without the cash subsidy, the deficit for Fjord Line would probably have been more than NOK 400 million in 2020.