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

By 2017 Newsletter week 45

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

Ro-pax FINNEAGLE from Finnlines to Grimaldi Group

By 2017 Newsletter week 40

Finnlines Plc has sold the ro-pax vessel FINNEAGLE to the Grimaldi Group following a strategy “to optimise the use of Finnlines’ vessels and routes in order to improve its profitability.”
The 1999-built FINNEAGLE was chartered out to the Grimaldi Group from June 2017. The delivery of the 2,459 lane meter vessel to the Grimaldi Group will take place this month. She is currently in drydock in Gdansk.

Photo: FINNTIDE (for lengthening) and FINNEAGLE in Gdansk © Jakub Bogucki

Finnlines to profit from the construction works in Naantali

By 2017 Newsletter week 40

The Port of Naantali has started to extend an existing quay from 178m to 228m in order to create additional vessel handling infrastructure.
This will support Finnlines’ plans to expand its traffic between Finland, Åland and Sweden, enabling Finnlines larger vessels to enter the port.
The €4m construction work has started in September 2017 and the works should be ready before May.

Photo © Port of Naantali