December 2, 2024
Financial Performance (July–September 2024)
- Revenue: 1,002.7 MSEK (up from 968.5 MSEK in 2023).
- Adjusted operating profit: 318.2 MSEK (up from 277.6 MSEK in 2023).
- Net profit after tax: 230.4 MSEK (down from 247.2 MSEK in 2023).
- Earnings per share: 92.2 SEK (98.9 SEK in 2023).
Financial Performance (January–September 2024)
- Revenue: 1,991.7 MSEK (up from 1,895.5 MSEK in 2023).
- Adjusted operating profit: 278.8 MSEK (up from 222.9 MSEK in 2023).
- Net profit after tax: 322.7 MSEK (down from 503.1 MSEK in 2023).
- Cash flow from operations: 617.1 MSEK (up from 483.0 MSEK in 2023).
Key Events (Q3 2024)
- Successful summer season for Birka Gotland, with nearly 38,000 passengers during 27 calls to Gotland.
- Preparations completed for the acquisition of the Oslo-Fredrikshavn-Copenhagen route, officially taken over on 31 October 2024.
- Announcement of funding for hydrogen supply system research at Uppsala University Campus Gotland.
Key Events Post-Q3 2024
- Acquisition of Crown Seaways (1994) and Pearl Seaways (1989) from DFDS, with plans for extensive onboard investments.
- Swedish government confirmed inclusion of Gotland ferry traffic in the FuelEU Maritime requirements, encouraging emissions reduction.
Strategic Focus
- Expansion in Nordic passenger shipping, including the Oslo-Fredrikshavn-Copenhagen line.
- Development of next-generation eco-friendly vessels, including the Horizon series and hydrogen-powered Horizon X catamaran.
- Commitment to climate-neutral Gotland ferry traffic by 2045, contingent on improved infrastructure for fossil-free fuels.
Challenges and Initiatives
- Decrease in passenger numbers (-1.5%) and vehicle volumes (-2.2%) in Q3 2024.
- Efforts to advocate for the inclusion of Gotland traffic in Swedish tonnage tax reforms to ensure competitiveness.
Financial Stability
- Equity attributable to shareholders: 5,502.1 MSEK.
- Solid liquidity with cash and short-term investments totaling 4,337.8 MSEK.
- Reduced investments compared to the previous year, primarily focused on ship renovations and property upgrades.
For further details, refer to the full report on Gotlandsbolaget’s website.
