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Tag: Rederiaktiebolaget Eckerö | Ferry Shipping News

Jul 25
3

Rederiaktiebolaget Eckerö Acquires Rederi Ab Fjärdvägen

By | 2025 Newsletter week 30 | No Comments
  • Rederiaktiebolaget Eckerö is acquiring Rederi Ab Fjärdvägen from Rederi Ab Lillgaard.
  • The acquisition includes the FJÄRDVÄGEN and the Långnäs–Nådendal route.
  • All personnel and assets are part of the deal.
  • Eckerö CEO Björn Blomqvist: “This route strengthens our network and aligns with our floating bridge strategy between Åland and mainland Finland.”
  • Lillgaard Chairman Trygve Eriksson: “Challenging conditions made it necessary to become part of a larger context. We are pleased with a stable Åland-based buyer.”
  • Transfer of ownership planned for 18 August.

Photo: https://www.lillgaard.ax/

May 17
3

Rederiaktiebolaget Eckerö: Improvement in Q1 2025

By | 2025 Newsletter week 20 | No Comments

The interim report for the period 1 January – 31 March 2025 highlights several key achievements and financial developments for Rederiaktiebolaget Eckerö:

Operational Highlights:

  • Record Cargo Volume: 52,753 cargo units transported, a 33% increase from Q1 2024 (39,759) – the highest in a single quarter.
  • Passenger Growth: 545,534 passengers, up 15% from 473,325 in Q1 2024 – a new first-quarter record.
  • Market Share Gains:
    • Finland–Estonia route: 30% passenger market share (up from 24%) and 48% cargo market share (up from 33%).
    • Åland–Sweden route: passenger market share estimated at over 80%.
  • Fleet Operations: Three vessels operated continuously, except for FINBO CARGO’s dry-docking in late December to early January. TRANSPORTER remains chartered to DFDS.

Financial Performance:

  • Sales: €42.7 million, up 18% from €36.3 million in Q1 2024.
  • Operating Result (EBIT): Improved by €1.5 million to -€2.8 million (from -€4.3 million).
  • Net Result: -€2.1 million (improved from -€4.0 million). After adjusting for pandemic support and the 2024 sale of SHIPPER, the underlying result improved by €3.5 million.
  • Cost Increases: Operating costs rose 5% to €46.0 million, mainly due to increased personnel expenses from more vessel departures.
  • Net Financial Items: €0.2 million (improved from -€0.7 million).

Outlook for 2025:

The company expects a stable result despite ongoing geopolitical uncertainties.

Read more: https://rederiabeckero.ax/wp-content/uploads/2025/04/Interim-report-31-03-2025.pdf

Mar 01
1

Rederiaktiebolaget Eckerö: Historically high volumes in 2024

By | 2024 Newsletter week 09 | No Comments

Historically high levels for both passenger and freight operations in both the Gulf of Finland and the Åland Sea.

Full Year 2023 (compared to 2022)

+20% passengers 3,140,221 (2,624,674)

+11% freight units 176,351 (159,228)

+19% turnover EUR 221.5 million (EUR 185.8 million).

+Operating result 21,4 MEUR (-8,4 MEUR)

+Result 11,5 MEUR (-12,7 MEUR)

Q4, 2023 (compared to Q4, 2022)

+4% passengers 656,622 (629 473)

+12% freight units 44,795 (39,987)

+6% turnover EUR 48.7 million (EUR 46.0 million)

+Operating result 0,9 MEUR (-13,4 MEUR)

+Result 0,2 MEUR (-13,7 MEUR).

Source (in Swedish): rederiabeckero.ax PDF

Photo: Eckeröline

Nov 24
0

Rederiaktiebolaget Eckerö is a company with a participating interest undertaking in the Viking Line Group

By | 2023 Newsletter week 47 | No Comments

As of November 22, 2023, Viking Line Abp’s shareholding in Rederiaktiebolaget Eckerö exceeds 20%.

Viking Line Abp’s Board of Directors decided 22 November 2023 that Rederiaktiebolaget Eckerö will be accounted for as a company with a participating interest undertaking using the equity method in the Viking Line Group’s financial accounts.

A positive initial income effect of EUR 2.5 million will arise in the transition to accounting using the equity method. This effect will be recognized in the consolidated income statement during the fourth quarter of 2023.

Nov 25
3

Viking Line becomes the largest individual shareholder of compatriot Rederiaktiebolaget Eckerö

By | 2022 Newsletter week 47 | No Comments

November 18, 2022 – Viking Line Abp acquired 17.1 % of the shares in Rederiaktiebolaget Eckerö for EUR 30/share, a total of EUR 10,269,300.

Viking Line received information that a larger stake in Rederiaktiebolaget Eckerö was for sale. To ensure that the share ownership stays on Åland, Viking Line chose to acquire the post.

Rederiaktiebolaget Eckerö is the parent company of the Eckerö Group, which consists of four business areas:

  • Eckerö Linjen operates car ferry traffic between Eckerö and Grisslehamn with ropax ECKERÖ.
  • Eckerö Line operates car ferry traffic between Helsinki and Tallinn, with FINLANDIA and FINBO CARGO.
  • Eckerö Shipping owns roro TRANSPORTER (on charter to DFDS) and inactive passenger vessel BIRKA STOCKHOLM.
  • Williams Buss has high-class buses for public transport and tourism travel.

The Group’s head office is located in Mariehamn.

During the year 2021, the annual turnover amounted to approx. 123 million euros and the group transported approx. 1.4 million passengers and approx. 166,000 freight units on its own routes.

Nov 25
0

Rederiaktiebolaget Eckerö Q3: Increased turnover and improved profitability

By | 2022 Newsletter week 47 | No Comments
  • +70% passengers 919,687
  • -9% freight units 38,680
  • +43% turnover EUR 59.6 million
  • EBITDA EUR 12.8 million (was 5.8)
  • EBIT Operating profit amounted to EUR 9.5 million (EUR 2.5 million), corresponding to a margin of 16.0% (5.9%)
  • Result EUR 5.2 million (EUR 1.7 million)
  • Cash flow for the period was EUR 3.9 million (EUR 1.7 million)

Outlook

The fourth quarter has started with volumes in line with pre-pandemic levels.

The high bunker prices, the high inflation and the volatile Swedish krona create uncertainty. 30% of the estimated bunker consumption during the rest of the year is price-guaranteed.

Mar 03
4

Rederiaktiebolaget Eckerö has chosen to write down the value of BIRKA STOCKHOLM

By | 2022 Newsletter week 9 | No Comments

Rederiaktiebolaget Eckerö presented its financial statements, where it emerged that the company had chosen to write down the value of the cruise vessel that was a victim of the pandemic. The ship is now in Landskrona, awaiting a new future.

  • 4 million passengers traveled with the Eckerö Group’s vessels (1.5 million)
  • +27% freight units 165,567 (130,537)
  • Turnover EUR 122.9 million (EUR 119.8 million)
  • Operating profit EUR -5.4 million (EUR -23.4 million), adjusted for writing down cruise vessel BIRKA STOCKHOLM in 2021
  • Operating profit EUR -38.1 million (EUR -29.9 million), including writing down BIRKA STOCKHOLM
  • Profit for the period EUR -30.6 million (EUR -33.8 million)
Annual Report (in Swedish)