By | 2019 newsletter week 19 | No Comments

Tallink Grupp: Cargo Revenues Continued to Increase, But Overall Revenue for Q1 Was Down

The group reports an unaudited net loss of EUR 25.3 million (net loss of EUR 19.6 million in Q1 2018) and an unaudited total revenue for the quarter of EUR 178.9 million, which is a 2.9% decrease compared to the same period last year.

At the same time, the group’s cargo business continued to increase both in volume and revenue in the first quarter of 2019. The transported cargo volumes increased in total by 2.7%, the cargo revenues increased by 1.5% or EUR 0.4 million and amounted to EUR 29.6 million in the first quarter.

In the Q1 the group made significant investments into the upgrade of its existing fleet with EUR 25.3 million invested mainly into the technical dockings of seven vessels.

Paavo Nõgene, CEO of AS Tallink Grupp said: “The challenging period of dockings is now behind us. Our vessels are fresh, modern and ready to offer our customers new and memorable experiences. We are ready and prepared for the next two quarters of our annual high season and our whole team here at Tallink Grupp will work extremely hard to improve the results of the next months and quarters of 2019.”

DFDS Q1 On Track Strong Performance in North Sea

By | 2019 newsletter week 19 | No Comments

In Q1, revenue increased 11% to DKK 3.9bn driven by the expansion in the Mediterranean and stockpiling in UK ahead of the initial Brexit-date end of March. The Easter timing difference vs 2018 lowered passenger revenue.

EBITDA before special items increased 13% to DKK 677m driven by the Mediterranean expansion and strong performance in North Sea.

Baltic Sea’s result was lowered by one-off additional operating costs as capacity was maintained during dockings, one of which was extended. In addition, the Easter timing difference reduced passenger earnings compared to Q1 2018, especially in the Passenger business unit.

Logistics continued to improve performance in UK & Ireland. In Sweden and Belgium earnings were lower as Q1 2018 included peak earnings from a large contract.

The first in a series of six new freight ferries was delivered in February and successfully deployed in March between Istanbul and Trieste.

2019 EBITDA outlook unchanged: DKK 3.8-4.0bn (2018: DKK 3.6bn, restated)

Key figures Q1 2019

  • +11% Revenue: DKK 3.9bn (3.5)
  • +13% EBITDA: DKK 677m (597)
  • -22.3% Profit before tax DKK 159m (204)

Outlook 2019 Unchanged

  • 10-12% revenue growth
  • EBITDA-range of DKK 3.8-4.0bn (2018: DKK 3.6bn)

First Quarter For Viking Line Unchanged

By | 2019 Newsletter week 18 | No Comments

Key figures Q1

  • -4.5% Sales EUR 95.8 million (100.3)
  • +5.8% Operating income EUR -14.2 million (-13.5)
  • -4.3% Income before taxes EUR -15.4 million (-16.1).
  • -4.7% Income after taxes EUR -12.3 million (-12.9).

Future prospects unchanged: Operating income for 2019 will remain on a par with 2018 or improve.

Traffic figures Q1

Remark: this year, the busy Easter period is not in Q1 but in April, Q2.

  • -7,8% passengers
  • -4.0% cars
  • +8.8% cargo

ForSea Sees Significant Environmental Progress

By | 2019 Newsletter week 16 | No Comments

Throughout Q1, ForSea has operated the world’s largest battery-powered passenger ferries, AURORA and TYCHO BRAHE, on the Helsingborg-Helsingør route. The environmental benefits have been significant: The ferry operator’s total emissions of CO2 and harmful particles have been halved compared to the prior year.

Q1 results:

  • -4% Passengers 1.24 million (due to the fact that this year Easter is in Q2)
  • -5% Cars 227,000
  • +4% Buses 2,600
  • +0% Freight units 111,000
  • +1.7% Departures 12,100


By | 2019 Newsletter week 14 | No Comments

Tallink Grupp Publishes 2019 Q1 Passenger And Cargo Statistics

According to the figures published, the group transported

-3.9% passengers (1,855,772)

-3.7% cars (214,087)

+2.7% freight units (93,114)


-2.8% less trips (2,234 trips against 2,299 in Q1 last year)

Six vessels have been going through various renewals and upgrades during planned dockings at shipyards in Poland, Lithuania and Finland.


By | 2018 Newsletter week 23 | No Comments

In Q1, Attica Group Posts A 10% Increase In Revenue

Key figures:

  • Consolidated Revenue EUR 49.43 million (EUR 44.83 million).
  • EBITDA EUR -1.33 million (EUR -4 million)

The improvement in EBITDA is mainly attributed to the increased Revenue of the Group, despite rising fuel oil prices.

  • Q1 Passengers 603,000 (535,000)
  • Q1 Cars 92,000 (79,000)
  • Q1 Freight Units 73,000 (68,000)
  • Note: less number of sailings (-1.1%)

Competition On Finland – Sweden Is Tough (Part 1

By | 2018 Newsletter week 21 | No Comments

In its Q1 Interim Report, Tallink Grupp AS obviously experiences the same though competition as Viking Line, especially on the routes between Finland and Sweden. The competition has an influence on the ticket price.
The total number of passengers has declined 0,5%, only due to the decrease on Finland – Sweden (-9.9%). This route is also having lower figures for cargo (-15.6%) and cars (-16.3%). All other routes are seeing increases.

  • Revenue €184.2 million (€191.5 million) -3.9%
  • Gross profit €13.7 million (€14.09 million) -7.8%
  • EBITDA €4.2 million (€5.3 million) -20.3%

Competition On Finland – Sweden Is Tough (Part 2)

By | 2018 Newsletter week 21 | No Comments

In its Q1 Business Review Viking Line describes the competition as tough. This will imply continued pressure on prices and volumes.
The company also expects higher bunker prices, and sees the exchange rate trend for the Swedish krona as a risk factor.

  • Consolidated sales €100.3 million (101.1 million)
  • Operating income €-13.5 million (-17.7 million)
  • Consolidated income before taxes €-16.1 million (-18.8 million)
  • Income after taxes €-12.9 million (-15.1 million)