- -2.0% pax (472,683) compared to May 2024.
- -19.8% cargo units (22,605)
- -4.7% passenger vehicles (65,482)
March 2025
-21% = 322,717 passengers
-30.1% = 20,737 cargo units
-11.9% = 47,776 passenger vehicles
The year-on-year change in the volume of passengers and vehicles transported should be evaluated taking into account the impact of Easter holidays, which in 2024 were in March.
Q1
-12% = 970,359 passengers
-31.9% = 57,830 cargo units
-10.9% = 135,829 passenger vehicles
AS Tallink Grupp: Outlook Optimistic After Though Q1
Q1, 2025
-12% passengers (970,359)
-32% cargo units (57,830)
-11% passenger vehicles (135,829)
- Q1 passenger numbers reflect the state of the economies in Tallink’s core markets with low consumer confidence.
- Four vessels were out of service.
- A large-scale dry-docking had an impact on passenger numbers.
- A significant factor was also the timing of Easter, which fell in March last year and resulted in tens of thousands more passengers during the same period.
In January 2025 AS Tallink Grupp transported
- 299,991 passengers (+9.1%)
- 18,986 cargo units (-33.6%)
- 43,622 passenger vehicles (-13.2%)
Source: Tallink Grupp
Passenger Statistics (2024 Full Year)
-
- Total passengers: 5,580,016 (↓ 2.2% compared to 2023).
- Route-specific changes:
- Estonia-Finland: ↑ 5%.
- Estonia-Sweden: ↑ 0%.
- Finland-Sweden: ↓ 4%.
- Passenger Vehicles (2024 Full Year)
- Total vehicles: 777,592 (↓ 7.5% compared to 2023).
- Route-specific changes:
- Estonia-Sweden: ↑ 8%.
- Estonia-Finland: ↓ 6%.
- Finland-Sweden: ↓ 2%.
- Cargo Statistics (2024 Full Year)
- Total cargo units: 303,234 (↓ 6.4% compared to 2023).
- Route-specific changes:
- Finland-Sweden: ↑ 4%.
- Estonia-Finland: ↓ 1%.
- Estonia-Sweden: ↓ 6%.
- CEO’s Comments
- Acknowledged challenging economic conditions, including EU taxes and low consumer confidence.
- Expressed optimism for moderate economic recovery in 2025 to support trade revival.
- Plans to continue ship charters and maintain stable dividends for investors.
AS Tallink Grupp Statistics for December and Q4 (2024)
In December (2024) AS Tallink Grupp transported:
460,786 passengers (-6.2%)
18,851 freight units (-16.3%)
57,955 passenger vehicles (-2.7%)
In Q4 (2024) AS Tallink Grupp transported:
1,310,014 passengers (-2.2%)
64,606 freight units (-15.2%)
164,586 passenger vehicles (-4.8%)
Source: https://company.tallink.com/for-investors/reports-and-financial-key-figures
Nouris El Bahr Ferries?
Indeed, the website of this unknown Algeria-based company says they will launch soon. A countdown is active.
The shown vessel is Polferries’ CRACOVIA, currently laid up in Świnoujście, Poland.
Nouris El Bahr, or “The Seagull”, intends to be a competitor to Algerie Ferries.
On its Linkedin Page, the company says in French that “Our mission is to transform the maritime industry in Algeria and elevate it to an entirely new level, making every journey exciting and memorable!”.
After Algerie Ferries suffered from multiple technical issues, with cancelled trips and laid-up vessels, and management reshuffles, irritation is growing.
AS Tallink Grupp passenger, cargo unit and passenger vehicles numbers for July 2024 were the following:
Source: Tallink
FINLAND – SWEDEN
- The May Finland-Sweden results reflect the operation of the Helsinki-Stockholm and Turku-Kapellskär routes.
- Baltic Princess did not operate the Turku-Kapellskär route for 3 days in May.
ESTONIA – FINLAND
- The May Estonia-Finland results reflect operations of the shuttle vessels of MyStar and Megastar as well as the operation of the cruise ferry Victoria I that started operating the cruise service from 12 October 2023.
- From 31 May 2024, the cruise ferry Victoria I is operating the Tallinn-Stockholm route.
ESTONIA – SWEDEN
- The May Estonia-Sweden results reflect the operations of the Tallinn-Stockholm and the Paldiski-Kapellskär routes by one cruise ferry and two cargo vessels until 31 May 2024.
- Victoria I that was added to the Tallinn-Stockholm route on 31 May and will be operating the route until 31 August 2024.
AS Tallink Grupp passenger, cargo unit and passenger vehicles numbers for April 2024 were the following: see table.
The year-on-year change in the volume of passengers and vehicles transported should be evaluated taking into account the impact of Easter holidays, which in 2023 were in April.
Transportation: In the financial year 2023, AS Tallink Grupp and its subsidiaries transported 5.7 million passengers, marking a 4.5% increase from the previous year. Passenger car transportation showed a positive growth of 2.6%, while the number of cargo units transported decreased by 20.9% compared to the previous financial year.
Financial Performance:
- Revenue: The Group’s audited consolidated revenue reached EUR 835.3 million, reflecting an 8.3% increase year-on-year. Revenue from route operations, the core business, rose to EUR 645.8 million, up by EUR 16.9 million from the financial year 2022.
- EBITDA: Audited EBITDA stood at EUR 214.5 million, significantly higher than EUR 135.8 million in the financial year 2022.
- Net Profit: The unaudited net profit for the period surged to EUR 78.9 million, a substantial increase from EUR 13.9 million in the financial year 2022, up by 466.0%.
Source: Tallink Grupp investor relations
“As a result of almost a herculean effort, dedication, perseverance, commitment and many sacrifices, Tallink Grupp has achieved the near-impossible in 2023 and has risen like a phoenix from the ashes of the last four years of crises and challenges.”
Paavo Nõgene, Chairman of the Management Board
