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Apr 25
0

First Annual Report For Attica Group Since Integration Of Hellenic Seaways

By | 2019 newsletter week 17 | No Comments

Attica Group consolidates for the first time Hellenic Seaways in the financial statements for the period 1.6.2018-31.12.2018.

Key figures in million €

+34,56% Revenue consolidated 365.4 (271.54)

-4.28% EBITDA 57 (59.55)

++ Income after tax and minority interests 17.11 (1.25)

· The total debt of the Group stood, as at 31st December 2018, at € 346.08mln (€ 238.73mln as at 31st December, 2017) of which long-term borrowings are € 274.50mln (€ 214.43mln) while short-term borrowings stood at € 71.58mln (€ 24.30mln).

· The Group’s total equity as at 31st December, 2018 stood at € 409.18mln, corresponding to € 1.90 per share.

· Completion of refinancing of large part of the group’s debt with significantly lower cost financial results.

· The lower EBITDA margin in 2018 is attributed mainly to the significant increase in fuel price and to the integration cost of Hellenic Seaways Maritime S.A. («HSW»).

Read the financial release
Jun 07
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Clipper Group Annual Report: Seatruck Ferries and ro-ro chartering activities

By | 2018 Newsletter week 23 | No Comments

The net result for 2017 is satisfactory despite EBIT going down compared to 2016. The reason for a lower EBIT relates to impairment loss, lower operating profit in the chartering activity from a reduction of two vessels and operational issues related to the lock in Liverpool.

  • Seatruck Ferries total freight volumes growing 6%
  • Seatruck Ferries now holds 19.6% (17.9%) of the ro-ro market on the Irish Sea.
  • Especially the routes out of Dublin have proven to be successful.
  • Operating result is expected to decrease slightly compared to 2017 because of a lower chartering result.
Download the Clipper Group Annual Report (see page 11)
Mar 08
0

FERRY FINANCE

By | 2018 Newsletter week 10 | No Comments

A Good Year For Color Line In 2017

Color Line AS, a company belonging to Color Group AS can look back on a successful 2017.

  • Operating revenue: NOK 4,968 million (4,896)
  • Operating profit before depreciation and charter leases: NOK 1,180 million (1,149)
  • Operating profit EBIT: NOK 630 million (616)
  • Net profit: NOK 372 million (426)
  • Number of passengers: 3,805,023 (3,850,947)
  • Number of freight units: 180,480 (175,680)

Color Group is expecting to record a profit in 2018 that is comparable to the figures reported in 2017.

As a reminder, the company entered last year into a contract with Ulstein for the construction of the world’s largest plug-in hybrid ro-pax for the Sandefjord-Strömstad route (spring 2019)

One more detail: interesting to know is also that 65% of the company’s estimated bunker costs for 2018 and approx. 30% for 2019 are secured by hedging.

Color Line Annual Report 2017 in English