April 30, 2020

“Covid-19 has changed the World fast,” says Dan Sten Olsson in the preface of Stena’s annual report. He reminds that it is the fifth slump in economic

activity in his carreer.

He believes many of the people made redundant will not be reemployed when times get better.

“Transporting freight and fewer passengers, with reduced sailing frequency is our present state of affairs.” During this crisis Stena will have disposed of older tonnage and introduced efficient new vessels.

Stena Bulk is booming but the Stena drilling fleet faces difficult times.

The number of ships owned by Stena RoRo has been decreased. Only a few and small valued ships are open for charter, says Mr Olsson.

Stena RoRo stands for 2% share of total income.

Stena Line for 38%.

Olsson concludes by saying that he doesn’t fear inflation. “For as long as there is a good supply of goods, I do not see that happening. Distribution including transportation will hence be very crucial.”

Stena Teknik is working on STENA ELEKTRA (photo), an advanced, fully-electric ferry. The company hopes to see it entering service in 2030, latest.

Key figures Stena Line

EBITDA +16% (3,482 MSEK) = all time high EBITDA, mainly due to increased car volumes, passenger- and freight volumes.

Operating Result -5% (1,320 MSEK)

Key figures RoRo

EBITDA -9% (291 MSEK)

Operating Result -28% (316 MSEK)