Tallink Grupp Reports Record-Breaking Q3

By | 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.

FERRY FINANCE

By | 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

April Was A Bit Disappointing For AS Tallink Grupp

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In April 2019, AS Tallink Grupp transported 779,113 passengers, which is a 1.3% decrease compared to April 2018.

For information: Last year the Easter weekend started in March, with Easter Sunday on the 1st of April. This year, Easter was on the 21st, with the whole Easter weekend in April.

The number of cargo units decreased by 2.3% to 32,386 units and the number of passenger vehicles decreased by 3.7% to 84,203 units.

AS Tallink Grupp Has Extended Vessel Charter Agreement

By | 2019 Newsletter Week 12 | No Comments

A subsidiary of AS Tallink Grupp, Baltic SF IX Limited and Marine Atlantic Inc, a Canadian company with the state participation therein, have concluded to extend the current charter agreement of ro-pax ATLANTIC VISION (ex. SUPERFAST IX) for one year, until November 2020, with an option to extend the agreement for an additional two years.

The vessel has been on the long-term bareboat charter since November 14, 2008.

FINANCE

By | 2019 Newsletter week 10 | No Comments

AS Tallink Grupp Statistics For February 2019

In February 2019 AS Tallink Grupp transported 620,006 passengers, which is a 0.4% decrease compared to February 2018. The number of cargo units increased by 1.1% to 29,115 units and the number of passenger vehicles decreased by 1.2% to 66,835 units in the same comparison.

Tallink Grupp Transported Record Number Of Passengers And Cargo, But Revenue And Profit Decreased

By | 2019 Newsletter week 10 | No Comments

Tallink saw a significant increase in the number of cargo units transported: + 5.7%, totalling nearly 385,000 cargo units transported in 2018.

The total number of passengers increased with 900 to the highest number ever: 9,756,611.

Tallink Grupp’s passenger numbers increased on nearly all the group’s routes and the number of cargo units transported increased on all the routes, with record numbers of passengers and cargo being transported on the Estonia-Finland routes and Estonia-Sweden routes, and the largest ever number of passengers transported also on the Latvia-Sweden route in 2018.

Despite the records achieved, the group’s revenue and profit were impacted by higher fuel costs, lower charter revenue and a longer-than-planned docking of one of the group’s vessels in spring 2018.

  • -1.8% revenue EUR 949.7 million (EUR 967.0 million)
  • -13.9% net profit EUR 40.0 million (EUR 46.5 million in 2017).

In 2018 Tallink Grupp’s vessels completed a record number of 10,070 trips.

See also the Moodie Davitt Report in the Media section

Tallink’s Retail And Restaurant Sales Slip 2.3% To €524 Million

By | 2019 Newsletter week 10 | No Comments
  • Last year, Tallink Grupp saw unaudited revenue from restaurant and shops sales (including onshore) slide by 2.3% to €524.4 million as spend per passenger declined slightly.
  • The core retail and restaurant segment accounted for 55.2% of total Tallink Grupp revenue in 2018, in line with 2017 (55.5%).
  • Sweden-Finland is key route for generating duty free sales . Traffic fall of 2.5%. Reason is the BALTIC PRINCESS which was out of service for 68 days in Q1, for maintenance.
  • Estonia-Finland is busiest route (5.1 million pax). Increased competition = pressure on ticket prices. A new ferry has been ordered to join the MEGASTAR on the route in 2021.

Tallink Grupp Transports Record Number Of Cargo Units In 2018, But Fewer Cars

By | 2019 Newsletter week 2 | No Comments

Tallink Grupp transported in the full year 2018:

+0,04% passengers: 9,760,469 (9,755,720)

+5,67% cargo units: 384,958 (364,296)

-0,83% passenger cars: 1,124,897 (1,134,323).

  • Growth in spite of challenges, like longer than planned docking of BALTIC PRINCESS.
  • Record number of passengers in July, with 1,2 million pax in this month only.
  • Strong growth of cargo transportation, giving a new record.