Higher Profit for Stena AB in 2024
Stena published its results from the year 2024.
Stena Line – Ferry Operations
- Operates 44 vessels on 20 routes across Europe; over 25,000 crossings carried more than 6.3 million passengers and 2 million freight units.
- New Dublin–Liverpool route launched.
- Acquired 49% of Africa Morocco Link (AML), gaining control over two ferry routes between Spain and Morocco.
- Major Terminal Investment: Partnered with ABP on a GBP 200 million investment in a new RoRo terminal at Immingham in the UK with a 50-year lease – a strategic move to strengthen their North Sea presence.
- Construction of two new “New Max” hybrid RoRo vessels (Stena Futura & Stena Connecta) began – can run on biodiesel, methanol and electricity.
- Digitalisation & AI: Used AI for pricing, cargo deck optimisation, and fuel efficiency. The digital customer journey continues to evolve.
- EU Emissions Trading: 2024 marked the first year of inclusion in the EU ETS, creating cost pressure while fleet transition is ongoing.
Stena RoRo
- High Activity: Took delivery of three new E-Flexer RoPax vessels, now chartered out. Two more are on order.
- ALA’SUINU for Marine Atlantic (Canada) – LNG, biodiesel, and battery-ready.
- SAINT MALO and GUILLAUME DE NORMANDIE for Brittany Ferries – 12 MWh battery systems and multi-fuel capable.
- Purchased and renamed a 2012-built RoRo vessel (ex-Giuseppe Lucchesi) now sailing as STENA SHIPPER under Danish flag.
- Fleet of 11 vessels, mostly long-term chartered, offering predictable cash flow.
- Now up to 15 E-Flexer orders, 12 already delivered.
Financial Context
- Stena RoRo and Stena Property were the only business units to outperform the previous year amid economic headwinds.
- Ferry operations (Stena Line) remained profitable but at a reduced level.
- A major cost-efficiency programme launched aiming to improve EBITDA by SEK 500 million by 2026.
Stena AB Group – Key Financial Results (2024)
- Total income (including capital gains and fair value changes):
SEK 55.7 billion (up from SEK 55.0 billion in 2023) - EBITDA (excluding asset sales): SEK 13.1 billion (down from SEK 14.4 billion in 2023)
- Operating income: SEK 6.4 billion (2023: SEK 6.2 billion)
- Profit before tax: SEK 3.05 billion (2023: SEK 2.92 billion)
| Revenue | 2024 (MSEK) | 2023 (MSEK) |
| Ferry Operations | 19,453 | 18,892 |
| Offshore Drilling | 7,586 | 6,283 |
| Shipping | 14,416 | 17,013 |
| Property | 3,571 | 3,625 |
| New Businesses | 9,105 | 8,889 |
| Other | 38 | 44 |
| Total revenue | 54,169 | 54,746 |
| Direct operating expenses | ||
| Ferry Operations | –14,031 | –13,108 |
| Offshore Drilling | –3,651 | –3,066 |
| Shipping | –9,358 | –10,490 |
| Property | –1,141 | –1,281 |
| New Businesses | –6,383 | –6,398 |
| Other | 13 | –18 |
| Total direct operating expenses | –34,551 | –34,361 |
Click on photo to access the annual report
