Tag

Tag: Q1 2025 | Ferry Shipping News

Apr 25
3

Tallink Q1: Results Affected by Economic Environment and Idle Vessels

By | 2025 Newsletter week 17 | No Comments

Tallink Grupp published its unaudited Q1 financial results.

Key challenges:

  • Low consumer and business confidence.
  • Difficult economic environment in home markets.
  • Ongoing global geopolitical tensions.
  • Extended docking periods.
  • Four idle vessels, significantly impacting results.

CEO Paavo Nõgene stated:

  • Excluding the impact of idle vessels, results are comparable to Q1 2019.
  • One idle vessel, passenger ferry STAR I, has been sold and handed over.
  • Docking is also an investment in technology and customer experience.
  • Positive feedback already for refreshed BALTIC PRINCESS.
  • Preparing for high season with special cruises and surprises planned.

Key figures:

  • Revenue: EUR 137.3 million.
  • Net loss for the quarter: EUR 33.2 million.
  • EBITDA: Negative EUR 3.8 million.
  • Investments: EUR 13.3 million — mainly for refurbishing BALTIC PRINCESS and SILJA SERENADE.
  • Loan repayments and interest: EUR 20.8 million in early 2025.
Apr 25
3

Viking Line Q1 Characterized by Ship Dockings and a Challenging Market Environment

By | 2025 Newsletter week 17 | No Comments

Financial Highlights (Q1 2025 vs Q1 2024)

  • Sales: €87.3M (↓ 6.3% from €93.2M)
  • Operating income: €-18.0M (vs €-10.4M)
  • Income before taxes: €-22.0M (vs €-14.2M)
  • Net income: €-22.1M (vs €-14.3M)
  • Investments: €9.0M (mainly in GABRIELLA and VIKING XPRS)
  • Cash flow from operations: €-10.0M (vs €+1.3M)

Market & Operations

  • Passenger volumes: 767,353 (↓ from 871,828)
  • Cargo units: 36,352 (↑ from 32,993)
  • Passenger market share: 31.2% (↓ from 34.6%)
  • Cargo market share: 20.5% (↑ from 17.4%)
  • Passenger cars market share: 26.0% (↓ from 29.9%)

Fleet Activity

  • GABRIELLA docked (technical work)
  • VIKING XPRS docked (refurbishment and shop rebuild)
  • BIRKA GOTLAND had a planned traffic break
  • VIKING CINDERELLA temporarily operated on Helsinki–Tallinn route during XPRS docking

CEO Insights – Jan Hanses

  • Results aligned with expectations but weaker than Q1 2024
  • Two dockings negatively affected performance
  • Passenger demand still soft, but onboard consumption slightly stronger
  • Increased costs due to:
    • Finnish fairway fees (reversal of previous discount)
    • Emissions Trading System (ETS) now at 70% implementation
    • General cost pressure from maintenance, emissions, and fairway fees
    • Positive outlook expected toward the end of Q2

Financial & Investment Notes

  • Debt fully repaid for VIKING GRACE
  • Cash reserves down to €26.0M (vs €65.7M in Q1 2024)
  • Unutilised credit lines: €22.1M
  • Debt/equity ratio: 52.5% (vs 50.1%)

Key Risk Factors

  • Continued economic uncertainty in core traffic area
  • Geopolitical tensions affecting energy and transport markets
  • Unclear long-term trade prospects
  • Ongoing pandemic-era support repayments: €1.1M provision booked

Outlook

  • 2025 result before taxes expected to be in line with 2024
  • Uncertainty remains high due to external factors (economy, fuel prices, demand)
Apr 11
3

Wasaline Reports Strong Q1 2025 Results

By | 2025 Newsletter week 15 | No Comments
  • Revenue grew by 7.5%, setting a new Q1 record
  • Passenger traffic (cars and buses) reached all-time highs
  • Freight volumes increased by 10%, with growth in both units and tonnage
  • Energy consumption dropped 19.5% overall
  • Energy use per trip decreased by 21.7%
  • CO₂ emissions reduced by 23.2%
  • Number of trips increased by 2.8%
  • Main fuel remains liquefied natural gas (LNG)
  • Strong growth in intermodal transport, especially via the Vaasa–Umeå–Southern Europe corridor
  • Managing Director Peter Ståhlberg highlights customer loyalty and staff dedication

Click on here for the new sustainability report.

Apr 11
3

AS Tallink Grupp Statistics for March and Q1 2025

By | 2025 Newsletter week 15 | No Comments

March 2025

-21% = 322,717 passengers

-30.1% = 20,737 cargo units

-11.9% = 47,776 passenger vehicles

The year-on-year change in the volume of passengers and vehicles transported should be evaluated taking into account the impact of Easter holidays, which in 2024 were in March.

Q1

-12% = 970,359 passengers

-31.9% = 57,830 cargo units

-10.9% = 135,829 passenger vehicles

https://res.cloudinary.com/as-tallink-grupp/image/upload/grupp/documents/traffic-volumes/2025/2025-03-traffic-volumes-en.pdf