Finnlines Reports Strong Growth and Green Investments in 2024

By | 2025 Newsletter week 09 | No Comments

Finnlines has published its financial statements and review for the period January–December 2024. The report highlights a solid financial performance, continued fleet expansion, and strategic route developments aimed at strengthening the company’s market position across Europe.

Financial Performance

  • Revenue for 2024 reached EUR 699.3 million, up 3% from EUR 680.7 million in 2023.
  • EBITDA stood at EUR 162.0 million, compared to EUR 166.3 million in 2023.

Cargo and Passenger Growth

  • 782,000 cargo units transported (710,000 in 2023).
  • 85,000 cars carried (excluding passenger vehicles), down from 156,000 in 2023.
  • 23 million tons of freight transported, slightly down from 1.34 million in 2023.
  • Passenger numbers surged to 936,000, a 35% increase from 695,000 in 2023.

Expansion of Routes

  • New freight and passenger line: Malmö (Sweden) – Świnoujście (Poland) launched in April 2024.
  • Strategic UK shift: Freight services moved to London Medway, Sheerness, improving access to south-eastern UK.
  • Growing European network: Now connecting over 20 ports across the continent.

CEO’s Statement

Tom Pippingsköld, President and CEO of Finnlines, highlighted the company’s commitment to fleet modernisation and sustainability:

“Leveraging economies of scale and expanding outside Finland, we are creating new growth opportunities. Our planned investment in methanol-powered vessels underscores Finnlines’ dedication to sustainable shipping.”

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Attica Group: EUR 120 million for green investments

By | 2022 Newsletter week 37 | No Comments

According to the Greek press, the management of the Attica Group submitted its EUR 120 million investment plan to the Recovery Fund for the energy upgrading of its existing ships, as well as the gradual replacement of its oldest vessels within a decade.

Attica Group has already completed a EUR 21 million investment for the construction of its three modern Aero Catamarans (AERO 1, 2 and 3), which were introduced last August in the Saronic Gulf service and officially presented to the press on September 8, 2022.

As far as the passenger traffic performance of the Group is concerned, the first eight months of 2022 (January-August) the traffic was reduced by 15% compared to 2019, while the traffic in August 2022, was reduced by 6% compared to August 2019.