December 10, 2020
Decrease in revenue is mainly due to changes in contract portfolio.
Revenue: -17% (Q3) and -14.6% (YTD)
Norled ended 5 contracts at year end 2019 and started 4 new contracts 1 January 2020.
- Indre Sogn (ferries)
- Sunnmøre (ferries)
- Rutepakke3 Hordaland (ferries)
- Troms (expressboats)
Increased EBITDA profitability is mainly due to changes in contract portfolio and net gain on sale of fixed assets. EBITDA: 12% (Q3) and 7.2% (YTD).
EBITDA profitability is affected by the Corona epidemic, mainly with reduced tourist related revenue in the expressboat segment.
Start of contracts on 1 January 2021:
- Ryfylkeferjenin, Rogaland county (until 31 Dec 32)
- Lyngensambandet, with the routes Lyngseidet-Olderdalenand Svendsby-Breivikeidetin Troms and Finnmarkcounty (until 30 April 31)
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