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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