- Revenue NOK 5.8 billion (2.6 billion)
- EBITDA NOK 1.2 billion (211 million)
- EBIT NOK 598 million (-386 million)
- 6 million passengers
- 190,000 freight units (12-m equivalents)
“It is very gratifying to note that strong demand and high customer values on all our routes have resulted in record sales and a historically good operating result. Despite geopolitical unrest and high energy prices, we experienced a large influx of foreign guests in the winter months, a new record in the important high season and a solid pre-Christmas period,” says CEO Trond Kleivdal.
In 2022, Color Line sold its two oldest ships, COLOR VIKING and COLOR CARRIER.
Operating costs increased because of the energy crisis and the sharp rise in wages and prices in 2022. The shipping company therefore carried out risk-reducing measures in the form of securing fuel and currency, and for 2023 has already secured around 80% of the total fuel requirement.
During 2022, net interest-bearing debt was reduced by NOK 966 million to NOK 4,405 million, while available liquidity at the end of the year was NOK 760 million.
Based on good underlying demand, Color Line expects a result for 2023 in line with 2022.
Photo: Octocopterfilm/Glenn Walmann