Upward trend for all segments, of course when compared to the Covid-dominated period in 2021.
Tallink’s Q4 and December statistics reveal the total impact of COVID-19 on the company’s annual passenger, vehicle and cargo figures.
- -61.8% passengers in 2020
- -82.5% Latvia-Sweden
- -81.9% Estonia-Sweden
- -66.1% Finland-Sweden
- -52.3% Estonia-Finland
- -36.7% passenger vehicles in 2020
Despite the many challenges during the year, the company transported a total of 359,811 units of cargo during 2020, which is only 5.2% less than during the full year 2019.
Paavo Nõgene, CEO of Tallink Grupp, said commenting on the results, “…. the company has weathered this storm as well as possible… and we are ready to carry on our battle through the storms and are determined to begin the road to recovery in 2021”
1000 Finns Visited Saaremaa with Tallink Grupp’s Vessel VICTORIA I on a One-Off Special Cruise
The company’s vessel VICTORIA I left Helsinki on Monday night, 27 July, with just slightly over 1000 Finnish passengers on board, ready to discover the Estonian island gem of Saaremaa.
This is the first time Victoria I is visiting Saaremaa and it is the largest vessel by gross tonnage to ever visit the Saaremaa deep harbour, completed in 2006 and located approximately 40 kilometres from the capital of the island, Kuressaare.
Around 30 coaches were waiting for the passengers at the port to transfer passengers to Kuressaare and to take them on various island tours to visit Saaremaa’s famous landmarks, such as Angla windmills, Kuressaare castle and much more.
Commenting on the special cruise, Tallink Grupp’s CEO Paavo Nõgene said: “If the passenger feedback is positive to this kind of trip and there is more demand for Saaremaa cruises, we will be happy to consider offering these cruises also in the future.”
The Government of the Republic of Estonia today approved the terms of a working capital loan to AS Tallink Grupp. The total amount of the loan limit is EUR 100 million and the loan can be issued in EUR 10-40 million tranches. The interest rate of the three-year maturity loan is 12-month Euribor +2%. The loan must be secured with the assets of the Company’s consolidation group and will be issued by SA KredEx.
The loan still needs to be approved by the Kredex Supervisory Board. This expected on Friday 15 May.
Tallink Grupp’s Q1 Shows A Deteriorated Overall Outcome – Freight Is Up
- Unaudited consolidated revenue EUR 154.9 million (-13.4%)
- Net loss EUR 30.2 million
- Unaudited EBITDA EUR -1.3 million (3.8 million in Q1 2019).
The first two months of the year had set the company on a positive trajectory for the year with passenger numbers up in both January and February, by 12.4% and 8% respectively. However, as a state of emergency was declared in Estonia, Latvia and Finland due to the global coronavirus pandemic in mid-March and the company’s home market governments closed borders to stop the spread of the virus, the passenger numbers fell sharply by 59.3% in March and have reduced by 95.9% in April.
With the pandemic it is not surprising to see the 95.9% decrease of passengers in April, compared to April 2019.
The number of cargo units decreased only by 14.3%. The core route Helsinki – Tallinn only had a decrease of 5.9%.
AS Tallink Grupp’s Explanation and Correction of Facts after Financing Negotiations Land in the Media
What happened?
- LHV made a loan proposal to Tallink Grupp
- LHV, disclosed via news agency BNS (Baltic News Service) that it has made a financing proposal to Tallink Grupp thus commencing a public debate on the topic of the financing proposal in the Estonian media.
- Shortly before, Tallink declined the offer.
- Because of the media attention and the spread of wrong facts, causing damage to the company’s reputation, Tallink Grupp decided exceptionally to make the terms of the proposal in question public and provide related comments.
AS Tallink Grupp statistics for January 2020
- +12.4% passengers
- +2.4% cars
- -5.4% cargo units
The drop in cargo volumes has to do with the now availability of tonnage because of refit.
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.
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
AS Tallink Grupp Statistics For August 2019
Tallink Grupp breaks one million passengers per month mark for the third month in a row.
In August 2019, AS Tallink Grupp transported:
- +2.5% passengers (1,017,565)
- -3.2% cargo (30,519)
- +0.0% cars (115,339)