June 4, 2020
Ferry Operations were of course hit by the plunge in passenger volumes and the decrease in freight, due to Covid-19.
- -53% EBITDA SEK 265 million
- -10% cars
- -15% passengers
- -7% freight
Stena Line has taken steps to mitigate the financial impact of the Covid-19 situation. This includes closure of routes, reducing costs and number of employees.
RoRo Operations: chartering out of vessels
- -9% EBITDA SEK 70 million
The decrease is mainly due to lower charter income due to the sale of KAIARAHI in the Q4 of 2019 offset by strong contract coverage and utilisation across the fleet.