Tag

Tag: Q3 2024 | Ferry Shipping News

Nov 14
2

DFDS Q3 2024 Interim Report – Working Through Headwinds

By | 2024 Newsletter week 45 | No Comments

“Despite market headwinds, we continued in line with our organic growth ambitions to protect and grow volumes in Q3 on the back of our network strength,” says Torben Carlsen, CEO.

Q3 2024

  • Revenue up 11% to DKK 8.0bn Organic growth was 4%
  • EBIT reduced 11% to DKK 785m
  • Adjusted free cash flow of DKK 396m
  • CO2 ferry emission intensity lowered 1.6%

Outlook 2024 (updated 1 November 2024)

  • EBIT of DKK 1.5-1.7bn
  • Revenue growth of 8-10%
  • Adjusted free cash flow of around DKK 1.2bn

Read the Q3 2024 interim report here:

Oct 04
2

Tallink Grupp publishes 2024 September and Q3 passenger and cargo transport statistics

By | 2024 Newsletter week 39 | No Comments

In September, Tallink Grupp transported a total of

404,143 passengers (+0.7%)

23,178 cargo units (-10.2%)

59,455 passenger cars (-3.5%)

In the third quarter, the company transported a total of

1,715,496 passengers (-3.4%)

66,865 cargo units (-11.7%)

250,810 passenger vehicles (-8.3%)

  • Tallink Grupp CEO, Paavo Nõgene, reflects on the current economic climate, noting that passenger numbers align with expectations considering low consumer confidence, increasing prices, and economic uncertainties.
  • September performed better than expected, but August’s results could have been improved.
  • A positive trend was observed with a rise in international passengers, particularly from Asian countries, despite domestic market pressures.
  • The CEO highlights that any positive developments in key export markets could improve the cargo transport segment.