Tag: 2019 | Ferry Shipping News

Aug 13

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Grimaldi Group Sustainability Report 2019

By sandra | 2020 Newsletter week 33 | No Comments

The Grimaldi Group has recently published its 2019 Sustainability Report, describing its economic, social and environmental performance and emphasizing the process of reporting and transparent management of sustainability issues which started in 2015.

In 2019, the Group’s turnover exceeded € 3 billion for the second year in a row, with an increase of over € 100 million compared to 2018 (+4%) and a significant increase of its EBITDA (approximately +24%).

Over 80% of the economic value generated was distributed among suppliers, employees, lenders, the Public Administration and the community.

The strength of the Grimaldi Group is the efficiency of its fleet made up of over 130 ships – of which 118 owned – designed and optimized to transport any type of rolling cargo, containers and passengers, with an average age of around 14 years, significantly below the industry average and the useful life of ships.

Download the report

Apr 30

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FERRY FINANCE

By sandra | 2020 Newsletter week 18 | No Comments

Scandlines 2019: Solid Results Despite Traffic Decline

Scandlines says its operational efficiency was strong, and the group’s two ferry routes completed more than 41,500 departures and transported 7.2 million passengers.

Soft economic indicators in Sweden and Germany resulted in a slight drop in traffic volume.

In the meanwhile, the company continued to build a more competitive business through investing in green initiatives and further strengthening the group’s financing.

Revenue from the two ferry routes was unchanged at EUR 352 million despite a moderate decline across traffic segments following years of growth in the freight business in particular. BorderShop revenue saw a minor decline to EUR 124 million (2018: EUR 125 million) as leisure travel declined slightly and fewer Swedes visited the group’s BorderShops due to the weak Swedish currency.

Group profitability remained steady in 2019 as Scandlines generated profit from ordinary activities (recurring EBITDA) of EUR 188 million (2018: EUR 191 million) corresponding to an unchanged recurring EBITDA margin of 40 percent. The solid profitability level was secured mainly by means of cost control measures compensating for the lower traffic volumes during the year.

Scandlines continues to see potential for improvement in the coming years as efforts continue to optimise and develop the business.

Download the annual report via this URL

Feb 27

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Finnlines Group Financial Review January–December 2019

By sandra | 2020 Newsletter week 9 | No Comments

Full Year 2019

-2.4% Revenue €574.8 million (reflecting the lower volumes in Finland’s trade over the preceding year)
+2.0% EBITDA €169.8 million
+ 3.4% Result €98.3 million

“In 2019, we continued to focus on fundamentals, i.e. dedication to smart use of technology, digitalised and optimised processes across our businesses, investments in energy efficiency to advance sustainable development and effective execution of our strategy by our highly productive, skilled and committed employees. One topic in our strategic discussion is digitalisation. In recent years, we have invested a lot in information technology. We have implemented two major ERP systems, one in the port and the other relating to vessel efficiency monitoring and measurement. We have also developed mobile services in port operations. This development in digitalisation and automation increases the efficiency and effectiveness of our processes just to name a few examples.”

Emanuele Grimaldi, CEO

Finnlines Financial Statements 2019

Finnlines Q4 2019

Feb 13

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FERRY PORTS

By sandra | 2020 Newsletter week 7 | No Comments

Almost 10% Increase of RoRo Traffic Between Algeciras and Tangier Med in 2019

Ferries in the ‘Strait’ have been doing well last year.

+8.63% freight units on all routes to North Africa
+9.92% freight units on Port Algeciras – Tangier Med
-0.57% freight units on Algeciras – Ceuta
-1.76% passenger cars Algeciras – Tangier Med
+5.62% passenger cars Algeciras – Ceuta

Fjord1 Is Ready For A New Year With New Contracts

By sandra | 2019 Newsletter week 47 | No Comments

Q3 key figures

-14% Turnover NOK 705 million

+28% EBITDA NOK 278 million

+68% Net profit after tax NOK 115 million

The profit contribution has been positive from all segments (ferry, passenger boat, catering and tourist).
Sales will grow next year when new contracts start on 1 January 2020.
2019 is a transitional year with changes in the contract portfolio and major investments in zero- and low-emission vessels and the development of charging infrastructure.
Fjord1 currently has 17 hybrid electric vessels in the ferry fleet and by the second half of 2020 the company will have an additional 13 hybrid electric vessels in operation. On January 1st, Fjord1 will start operating nine new connections in Hordaland, all with new environmentally friendly technology. A large part of the ferry fleet in Fjord1 will be zero emissions and contribute to a positive effect on the environmental footprint through significantly reduced CO2 emissions.
During the second half of 2020, the company will operate 30 electric ferries and 19 connections will be electrified. The Anda-Lote connection has been running electric for 1.5 years, and experience after passing 50,000 charges shows that the technology works as expected.

Source: Oslo Stock Exchange

Nov 14

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Tallink Grupp Reports Record-Breaking Q3

By sandra | 2019 Newsletter week 46 | No Comments

The record-breaking quarter is the result of the group carrying and serving record numbers of passengers in July and August and strong onboard and onshore sales.

Net profit was €54.6 million (46.1 million in Q3 2018), which is the highest ever net profit for the group for Q3.
EBITDA increased by €12.1 million to €83.2 million.
Revenue increased by 1.5% to a total of €287.8 million.

First 9 months

€44.2 million net profit, which is a 2.4 million (5.8%) increase.
Revenue decreased by 0.1% and was €722.7 million.
EBITDA increased by almost €19 million (€137.7 million).

The financial result of the first nine months of 2019 was positively impacted by the very strong third quarter, but negatively impacted by the docking of seven of the company’s vessels in the first half of the year.

Source: Tallink Grupp

Oct 10

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FERRY FINANCE

By sandra | 2019 Newsletter week 41 | No Comments

AS Tallink Grupp Statistics For September 2019 And Q3

Traffic trends for September

-1.7% passengers
-0.1% cars
-2.7% freight units

Traffic trends for Q3 (July-September)

+0.9% passengers = 2 974 790
+0.4% cars = 353 725
-1.7% freight units = 93 329

Aug 16

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DFDS: Growth Continues But Brexit Lowers Pace

By sandra | 2019 Newsletter week 33 | No Comments

Key figures H1

Revenue up 10% and EBITDA up 8%
Exceptional uncertainty on Brexit is currently reducing UK trade and visibility

Key figures Q2

Revenue up 9% to DKK 4.2bn
EBITDA up 4% to DKK 989m

The growth in revenue and earnings in Q2 was mainly driven by the expansion in the Mediterranean and higher passenger revenue. A reversal of the UK stockpiling in Q1 lowered freight revenue and earnings in Q2 for most activities linked to UK trade. The latter was mitigated by income from an agreement with UK Department for Transport.

Outlook 2019:

6-8% revenue growth (previously 10-12%)
EBITDA-range lowered 6% to DKK 3.5-3.8bn (previously DKK 3.8-4.0bn)

”Brexit is an exceptional situation currently lowering volumes in our ferry and logistics network. In spite of this headwind, we are still on track to continue our growth this year. The work to deliver on our new strategic and financial ambitions has started and progress is well under way,” says Torben Carlsen, CEO.

DFDS Q2 Report

Apr 04

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