Tag

Tag: Report | Page 5 | Ferry Shipping News

Jun 07
0

Clipper Group Annual Report: Danske Færger A/S

By | 2018 Newsletter week 23 | No Comments

Despite the positive commercial development of Danske Færger A/S, a 50/50 Joint venture with the Danish State, the operating result decreased in 2017. The main reason for the decrease is extraordinary reservations for closing the

Bornholm routes in August 2018.

  • Net result of DKK 124 million (DKK 44 million).
  • Passengers 4,465 million passengers (+4.3%) and 1,195 million cars (+6.3%)
  • The result is positively affected by the sale of HAMMERODDE to Stena RoRo during 2017.

With the closing of the Bornholm Routes in August 2018, Danske Færger A/S is expected to have a still positive result ranging around DKK 50 million in 2018.

May 24
0

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)
Read the Viking Line Business Review
May 03
0

Moby Triples Net Result

By | 2018 Newsletter Week 18 | No Comments

Below are selected financial highlights for the fiscal year 2017 of Moby S.p.A., based on the Group’s audited, consolidated financial statements:

  • Revenues: EUR 586m, up 9%
  • EBITDA: EUR 131.8m, up 13.3%
  • Net result EUR 24.5m, tripled from EUR 7.7m
  • Total net financial debt: EUR 496.4m as of 31 December 2017

 

Traffic figures:

  • Passengers: 6.5 million
  • Freight: 7.5 million lane meters

 

The start-up of three new activities weighed on the balance sheet:

  • Cruise ferry in the Baltic Sea (Moby SPL)
  • A new connection from France to Corsica.
  • Further strengthening the motorways of the sea.
Mar 29
0

A Strong, Normal Year For Eckerö

By | 2018 Newsletter Week 12&13 | No Comments

Ab Eckerö reached almost the same levels as in last year, which was a record year.
Operating profit was a strong €15.6 million (€19.0 million in 2016, which included €3.3 million from the sale of an asset).
Sales went down: € 233.2 million (€237.6 million)
Passengers went down because of the long docking of ro-pax ECKERÖ: 3.1 million pax
Freight 80,000 units, which is +18%
Challenges: the weakening of the Swedish krona and higher bunker prices.

Full Year Report Eckerö (in Swedish)
Feb 15
0

Ferry Finance

By | 2018 Newsletter Week 07 | No Comments

Full-year and Q4 results for Viking Line

Viking Line’s full-year results deteriorated slightly, but the 4th quarter operating income improved significantly.

Full year key figures:
Consolidated sales €522.7 million (+0.6%)
Operating income €10.0 million (down from €13.7 million).
Passenger-related revenue €476.4 million (+0.8%)
Cargo-related revenue €43.8 million (-1.1%)

Bunker expenses increased by 18.3%, mainly because of high-speed craft VIKING FSTR.

Cargo units went slightly down. Full year results 127,668 (131,918)
Cars went up. Full year results 762,253 (682,194)
Passengers went up. Full year results 6,881,149 (6,502,191).

Read press release here
Dec 21
0

Port of Göteborg sees ro-ro volumes increase for the third consecutive year

By | 2017 Newsletter week 51 | No Comments

From January to November, 543,000 ro-ro-units were handled in the port of Gothenburg, compared to 535,000 in 2016 in total. It is clear that 2017 will be the third straight year with increased ro-ro-volumes in the port of Gothenburg.
In Gothenburg, ro-ro traffic is the domain of the shipping companies CLdN, DFDS, Stena Line and SOL.

Photo: Port of Gothenburg

Read full report here
Nov 23
0

Viking Line’s business review for the period January – September

By | 2017 Newsletter week 47 | No Comments

Viking Line Group published its results for the first 3 quarters:
Consolidated sales: EUR 399.6 million (397.3 million)
Operating income: EUR 6.3 million (14.8 million).
Consolidated income before taxes: EUR 4.6 million (11.6 million).
Income after taxes: EUR 3.8 million (9.7 million).
In last week’s newsletter we already wrote that Viking Line’s assessment is that operating income for 2017 will decline, mainly because of the competition and the bunker prices.

Read full report here
Nov 16
0

Q3 Interim report: cargo keeps DFDS on track for record results

By | 2017 Newsletter week 46 | No Comments
  • Freight is pushing the DFDS figures to record levels, while the passenger volumes stay the same.
  • Strong performance for freight on North Sea routes: volumes up 8%
  • Revenue DKK 3,922 (3,799) +3.3%
  • EBITDA DKK 976 million (972 million) +0.4%
  • EBIT DKK 742 million (738 million) +0.5%
  • Profit before tax DKK 714 Million (732 million) -2.6%)
  • The Group’s revenue growth for 2017 is now expected to be around 3% compared to previously around 4%, excluding revenue from bunker surcharges.
  • At the Q&A session, DFDS CEO Niels Smedegaard said there were no plans for new cruise ferries. Current vessels can continue for 10 years if needed.
Download report here