Q2/H1 Results Gotlandsbolaget

August 24, 2024
  • Revenue and Profitability: Revenue for January-June 2024 increased to 989.0 MSEK, with a reduced operating loss of -39.4 MSEK, driven by stronger results in Gotlandstrafiken. (but also negatively affected by establishment costs from the share in Gotland Alandia Cruises). 
  • Strategic Expansion: Gotlandsbolaget acquired DFDS’s Oslo-Copenhagen route, including two cruise ferries and 800 employees, aligning with their growth strategy in passenger shipping. 
  • Operational Highlights: Renewal of the Gotlandstrafiken contract for 2027-2035, with an option for two more years. 
  • Future Outlook: Focus on expanding on-land operations on Gotland and enhancing energy and technology initiatives. 

At the end of June, Gotlandsbolaget secured the contract to operate Gotlandstrafiken from 2027 to 2035, with an option for a two-year extension. The bid, which was competitive across the EU, is based on using a Swedish flag, Swedish crew, and Swedish agreements, with financial and strategic management handled by a Danish subsidiary. If Sweden updates its tonnage tax system, Gotlandsbolaget plans to shift full management responsibilities back to Gotland, pending a government decision by 2025. 

Source: Gotlandsbolaget (in Swedish)