Tallink Grupp has acquired the development rights for global fast food chain Burger King in Estonia, Latvia and Lithuania. The three Baltic states are among the few remaining countries in Europe where the fast food chain does not yet have restaurants.
ANEK Group turnover: €72.5m versus €72.9m in H1, 2018
ANEK Lines Parent Company turnover: €66.1m versus €66.9m
ANEK Group EBITDA: profits: €3.2m versus €1.6m
ANEK Lines Parent Company EBITDA: €2.8m versus €2.1m
370k (368k) Passengers
65k (62k) Cars
68k (69k) Freight Units
Some key data:
- Same amount of passengers as last year: 1.5 million
- Turnover of EUR 102.0 million (EUR 105.2 million)
- Operating profit EUR -7.6 million (EUR 2.4 million)
- Net debt EUR 65.8 million (EUR 43.6 million)
- The Swedish krona is expected to be weak during H2. The bunker price is expected to remain volatile. The profit for the year is expected to be significantly lower than in 2018, largely due to docking, ship investment and growing costs.
Some highlights of Tallink Grupp’s half-year results for the period January 1 – June 30, 2018:
- 6 million passengers (+0.8%), with most notable growth of 11.4% on the Latvia-Sweden route.
- Cars 533,710 (+1.3%).
- Steady increase of cargo transportation (+9.2%). The lion’s share was carried on the Estonia-Finland route: 122,914 cargo units (+10.4%). The most notable growth was on Latvia-Sweden, where a total of 7,832 cargo units were transported (+45.8%).
- Sales revenue decreased (-2.6%), providing EUR 439.6m of unaudited revenue
- Unaudited net loss EUR 4.3m (2.4m).
- Increase in fuel prices.
- The decline in the absolute number of passengers on the Tallinn-Helsinki route in Q2, although Tallink has managed to increase both passenger numbers and market share on this route as a result of investments.
- The excise duty levels in place in Estonia have an impact on the results and affect the Estonian tourism and service sectors negatively as a whole.