Tag

Tag: Q3 2025 | Ferry Shipping News

Nov 06
3

DFDS Q3 of Transition Year 2025

By | 2025 Newsletter week 45 | No Comments

Key figures

  • Revenue up 4% to DKK 8.3bn (organic growth -2%)
  • EBIT down 32% to DKK 536m
  • CO₂ ferry emission intensity lowered 2.7%

Outlook 2025

  • EBIT lowered to DKK 0.6–0.75bn (previously DKK 0.8–1.0bn, excl. one-off cost)
  • One-off cost of around DKK 100m in Q4 for Cost Reduction Programme
  • Adjusted free cash flow now expected around DKK 0.9bn (down from DKK 1.0bn)

CEO’s Comments
2025 is a transitional year for DFDS, setting the stage for stronger financial performance after a challenging 2024. A new Cost Reduction Programme targets DKK 300m savings in 2026.

Focus Areas

  • Logistics Boost: Progressed in line with expectations; further gains expected in Q4.
  • Mediterranean Network: New pricing model (launched Sept 2025) shows initial yield recovery.
  • Türkiye & Europe South: Improvement slower than expected amid tough markets.

Network Performance
Results outside the focus areas were solid and exceeded 2024 levels (adjusted for route changes).

  • North Sea: Stable freight operations.
  • Baltic Sea: Strong quarter; further improvement expected via new space charter.
  • Channel: Good performance despite extra costs for Jersey routes.
  • Strait of Gibraltar: On target; two additional ferries to join in 2026 (pending approval).
  • Logistics: Nordic and Continent units adapted to low growth; UK & Ireland remained stable.

Outlook Summary
EBIT outlook revised down due to uncertainty in Mediterranean ferry and logistics activities, plus one-off programme costs.

Read the DFDS Q3 2025 Interim Report here.

Oct 24
3

Tallink: Strong Q3, Challenges Reflected in First Nine Months

By | 2025 Newsletter week 43 | No Comments

AS Tallink Grupp reported a net profit of €40.8 million for Q3 2025, driven by a strong summer season and revenue of €233.1 million. Passenger numbers rose 3% year-on-year to 1.77 million.

However, the first nine months reflect economic headwinds, vessel lay-ups, and maintenance periods. Revenue reached €577.3 million (–4.2%), while net profit dropped to €5.1 million (from €45.5 million). EBITDA was €102.5 million, down €47 million. Loan and interest payments totalled €96.2 million.

“The summer brought solid growth in passenger numbers and profitability,” said CEO Paavo Nõgene. “But full-year results still show the impact of the economic climate and geopolitical tensions.”

Maintenance work on BALTIC PRINCESS and SILJA SERENADE reduced volumes on Finland–Sweden routes, and up to four idle vessels also weighed on results. These ships have since been sold or redeployed.

Click on photo to access the Q3 report

Oct 24
3

Viking Line: Stronger Q3

By | 2025 Newsletter week 43 | No Comments

Viking Line Abp reported a solid third quarter for 2025, with sales of €152.5 million (€151.5 million in Q3 2024) and operating income of €28.7 million (€29.4 million). Income after taxes rose to €29.3 million, up from €24.9 million.

For January–September 2025, sales reached €368.3 million (€370.6 million), and operating income stood at €17.5 million (€25.2 million). Net profit after taxes was €12.0 million (€12.4 million). Investments totalled €15.4 million, mainly in GABRIELLA and VIKING XPRS.

President and CEO Jan Hanses said the third quarter was “stronger than last year,” noting that better late-summer weather supported travel and onboard sales. “Our expectation of improvement was met, albeit modestly,” he added.

The accumulated result was affected by dockings of GABRIELLA and VIKING XPRS, but Hanses expects a full-year result in line with 2024. He also cited challenges from higher fairway dues, ETS charges, and a strained economic climate reducing consumer spending.

Hanses highlighted continued record-high customer satisfaction and thanked staff, customers, and partners for their commitment. After nearly four decades at the company, he will step down as CEO on 3 November, handing over to Marcus Risberg, and will continue as a board member.

The Board expects pre-tax profits for 2025 to be on par with 2024, in line with earlier forecasts.

Click on Viking Line Investors for the full report

Oct 03
3

Tallink Grupp’s traffic volumes report for September and Q3 2025 September 2025

By | 2025 Newsletter week 40 | No Comments

September 2025

  • Passengers: 387,482 (↓ 4.1% vs Sept 2024)
  • Cargo units: 21,269 (↓ 8.2%)
  • Passenger vehicles: 55,973 (↓ 5.9%)

Q3 2025 (July–September)

  • Passengers: 1,766,335 (↑ 3.0% vs Q3 2024)
  • Cargo units: 60,306 (↓ 9.8%)
  • Passenger vehicles: 251,751 (↑ 0.4%)

By Route (Q3 2025 vs Q3 2024):

  • Finland–Sweden:
    • Passengers: ↓ 1.4% (435,770)
    • Cargo: ↓ 17.6% (7,891)
    • Vehicles: ↑ 2.5% (30,107)
  • Estonia–Finland:
    • Passengers: ↑ 10.1% (1,166,278)
    • Cargo: ↓ 8.2% (44,388)
    • Vehicles: ↑ 0.2% (208,228)
  • Estonia–Sweden:
    • Passengers: ↓ 23.5% (164,287)
    • Cargo: ↓ 10.0% (8,027)
    • Vehicles: ↓ 1.0% (13,416)

Operational Notes:

  • Finland–Sweden: Operated by SILJA SERENADE, SILJA SYMPHONY, BALTIC PRINCESS.
  • Estonia–Finland: Operated by MYSTAR, MEGASTAR (2 days off in Sept for maintenance), VICTORIA I.
  • Estonia–Sweden: Operated by BALTIC QUEEN (Tallinn–Stockholm) and SUPERFAST IX (Paldiski–Kapellskär). Previous year had additional vessels on this route.

Other Events:

  • Charter of GALAXY I extended until October 2026, with an additional 12-month extension option.

Source PDF Tallink Grupp