Changes in Finnlines’ Management: Merja Kallio-Mannila and Torkel Saarnio appointed as member of the Finnlines Group’s Board of Management

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Merja Kallio-Mannila has been appointed as member of the Finnlines Group’s Board of Management as of 1 January 2022. She continues in her present roles as Deputy Head of Group Sales, Marketing & Customer Service, and as Head of Sales & Customer Service Finland.

Torkel Saarnio has been appointed as Line Manager HansaLink & Hanko/Helsinki–Rostock and as member of the Finnlines Group’s Board of Management as of 1 February 2022. In addition to new responsibilities, he continues in his present roles as Line Manager Helsinki–Aarhus, and as Head of Truck and Trailer Segment.

Finnlines Group Performs Well in H1

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The Finnlines Group’s key figures for January–June 2021 (compared with same period last year) were:

+14.6% Revenue = EUR 270.8 million

+14.4% Result = EUR 36.3 million

EBITDA = EUR 71.0 million

  • Improved financial performance regardless of the fact that passenger services remained subdued due to Finland’s tight Covid-19 related travel restrictions
  • Finnlines’ profitability has improved during Q2, mainly due to increased cargo volumes

+9.5% cargo units = 391,000

+50% cars = 90,000

+0.4% passengers = 228,000

Remark: The first new ultra green hybrid ro-ro vessel will be delivered this autumn and two others will follow in early 2022. In addition, two eco-efficient Superstar ro-pax vessels will be delivered in 2023 and the construction of the first Superstar ro-pax vessel started in June, while the construction of the second is scheduled to start in October. On the whole, the Programme comprises a total of five new vessels, which are all hybrid and state-of-the-art vessels from the environmental point of view.

Finnlines Group Financial Review January–December 2019

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Full Year 2019

  • -2.4% Revenue €574.8 million (reflecting the lower volumes in Finland’s trade over the preceding year)
  • +2.0% EBITDA €169.8 million
  • + 3.4% Result €98.3 million

“In 2019, we continued to focus on fundamentals, i.e. dedication to smart use of technology, digitalised and optimised processes across our businesses, investments in energy efficiency to advance sustainable development and effective execution of our strategy by our highly productive, skilled and committed employees. One topic in our strategic discussion is digitalisation. In recent years, we have invested a lot in information technology. We have implemented two major ERP systems, one in the port and the other relating to vessel efficiency monitoring and measurement. We have also developed mobile services in port operations. This development in digitalisation and automation increases the efficiency and effectiveness of our processes just to name a few examples.”

Emanuele Grimaldi, CEO