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Tag: Financial | Ferry Shipping News

Feb 15
0

Ferry Finance

By | 2018 Newsletter Week 07 | No Comments

Full-year and Q4 results for Viking Line

Viking Line’s full-year results deteriorated slightly, but the 4th quarter operating income improved significantly.

Full year key figures:
Consolidated sales €522.7 million (+0.6%)
Operating income €10.0 million (down from €13.7 million).
Passenger-related revenue €476.4 million (+0.8%)
Cargo-related revenue €43.8 million (-1.1%)

Bunker expenses increased by 18.3%, mainly because of high-speed craft VIKING FSTR.

Cargo units went slightly down. Full year results 127,668 (131,918)
Cars went up. Full year results 762,253 (682,194)
Passengers went up. Full year results 6,881,149 (6,502,191).

Read press release here
Nov 09
0

Finnlines is on the way to a third record-breaking year

By | 2017 Newsletter week 45 | No Comments

Finnlines can look back with great satisfaction on the first three quarters of the year.
The January–September 2017 result improved by almost 12%, and was the best nine-month result in Finnlines’ history.

  • Revenue EUR 404.5 (361.1) million, +12%
  • EBITDA EUR 120.5 (114.3) million, + 5.4%
  • Result EUR 67.9 (60.9) million, +11.5 %
    Continuing the positive news, Q3 was Finnlines’ best ever quarter
  • Revenue EUR 145.2 (130.4) million, +11.4 %
  • EBITDA EUR 50.7 (49.6) million, +2.2%
  • Result EUR 32.5 (30.3) million, +7.0%

Finnlines sees the recovery of Finland’s economy as one of the explanations for its success, apart from the different actions to strengthen its competitive position. The growth of 10% is reflected in the export and import volumes.

In response to growing demand, Finnlines will be expanding its fleet.

  • EUROPALINK, actually in the Med on Livorno-Palermo, will be rejoining Finnlines early next year on Malmö–Travemünde.
  • NORDLINK, now on Malmö-Travemünde, will be redeployed on the Naantali–Kapellskär route via Långnäs.

Infographic © Finnlines

Link to Financial review