Stena AB’s Q3 Report for 2022

By 9 December 20222022 Newsletter week 49
December 9, 2022

For the nine-month period ended 30 September 2022:

  • Consolidated revenue: SEK 38,422 (26,742) million.
  • Consolidated EBITDA: SEK 10,551 (6,116) million. The operational EBITDA was the strongest in the Group’s history.
  • Consolidated EBITDA, excluding net gain/loss on sale of assets, operations and change in fair value of investment properties: SEK 9,561 (5,022) million.
  • Result before taxes: SEK 1,840 (12) million

Ferry operation EBITDA increased significantly compared to last year: SEK  4,189 (2,675) million.

The result is mainly an effect of increased travel and freight volumes as well as improved travel rates compared to last year.

EBITDA from chartering out ropax vessels increased by SEK 227 million to SEK 441 (214) million in the nine-month period ended 30 September 2022 mainly due to the delivery of CÔTE D´OPALE in May 2021 and SALAMANCA in November 2021, offset by vessels sold in 2021.

In October 2022, a contract to sell the ropax vessel CONNEMARA was signed (buyer: Bluebridge Cook Strait Ferries).