May 17, 2025
The interim report for the period 1 January – 31 March 2025 highlights several key achievements and financial developments for Rederiaktiebolaget Eckerö:
Operational Highlights:
- Record Cargo Volume: 52,753 cargo units transported, a 33% increase from Q1 2024 (39,759) – the highest in a single quarter.
- Passenger Growth: 545,534 passengers, up 15% from 473,325 in Q1 2024 – a new first-quarter record.
- Market Share Gains:
- Finland–Estonia route: 30% passenger market share (up from 24%) and 48% cargo market share (up from 33%).
- Åland–Sweden route: passenger market share estimated at over 80%.
- Fleet Operations: Three vessels operated continuously, except for FINBO CARGO’s dry-docking in late December to early January. TRANSPORTER remains chartered to DFDS.
Financial Performance:
- Sales: €42.7 million, up 18% from €36.3 million in Q1 2024.
- Operating Result (EBIT): Improved by €1.5 million to -€2.8 million (from -€4.3 million).
- Net Result: -€2.1 million (improved from -€4.0 million). After adjusting for pandemic support and the 2024 sale of SHIPPER, the underlying result improved by €3.5 million.
- Cost Increases: Operating costs rose 5% to €46.0 million, mainly due to increased personnel expenses from more vessel departures.
- Net Financial Items: €0.2 million (improved from -€0.7 million).
Outlook for 2025:
The company expects a stable result despite ongoing geopolitical uncertainties.
Read more: https://rederiabeckero.ax/wp-content/uploads/2025/04/Interim-report-31-03-2025.pdf
