Thomas Doepel, President and CEO:
“Fleet rationalisation and investment in passenger traffic are now paying off. Despite a weak freight market, reduced debt and lower interest rates have contributed to significantly better results.”
Key Figures (January–June 2025 vs 2024)
- Revenue: EUR 351.9m (–2%)
- EBITDA: EUR 84.5m (+1%)
- EBIT: EUR 39.9m (+6%)
- Result for the Period: EUR 36.3m (+50%)
- Interest-Bearing Debt: EUR 313.7m (–150.4m)
- Equity Ratio: 57.5% (up from 54.8%)
Operational Highlights
- Cargo Units: 399,000 (–0.3%)
- Cars: 37,000 (–21%)
- Non-Unitised Freight: 584,000 tons (–11%)
- Passengers (incl. drivers): 439,000 (+7%)
Strategic Developments
- Green Lane service launched: 100% electric transport (Finland–Sweden) and biofuel use reduce emissions by up to 90%.
- New RoPax Order: Three methanol-powered vessels for the Finland–Germany route in 2028–2029.
- New Route: Gdynia added to North Sea rotation in June 2025.
Financial Notes
- Operating Cash Flow: EUR 70.8m (+18%)
- Capex: EUR 62.6m (up from EUR 8.8m)
- Net Gearing: Improved to 41.6% (from 60.8%)
Market Outlook
- Freight demand remains soft.
- Passenger business shows strong recovery.
- Full-year result expected to improve.
