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Tag: results | Ferry Shipping News

Dec 16
0

DFDS November volumes: continued mixed picture for freight

By | 2022 Newsletter week 50 | No Comments

Ferry – freight:

Total volumes in November 2022 were 12.0% below 2021. Volumes were 3.7% below 2021 adjusted for Channel that is impacted by a considerable total market decrease and overcapacity.

North Sea volumes were lowered by a temporary reduction in ferry capacity and continued supply chain disruptions for some automotive customers. Mediterranean volumes kept on growing in November, while Baltic Sea volumes remained negatively impacted by the war in Ukraine.

For the last twelve months 2022-21, the total transported freight lane metres decreased 2.4% to 42.2m from 43.3m in 2021-20. The decrease was 0.5% adjusted for Channel.

Ferry – passenger:

The number of passengers continued to recover and increased 119% to 179k equal to 80% of volumes in November 2019, the latest comparable month pre-Covid-19. The number of cars equalled 89% of volumes in 2019.

For the last twelve months 2022-21, the total number of passengers was 3.5m compared to 0.9m in 2021-20 and 5.1m in 2019.

Oct 22
0

Deterioration in Viking Line’s Results Due to the Impact of the Pandemic

By | 2020 Newsletter week 43 | No Comments

January–September 2020

  • Sales €154.2 million (380.8)
  • Operating revenue €16.7 million (0.2)
  • Operating income €-35.2 million (17.5)
  • Net financial items €-3.1 million (-3.6)
  • Income before taxes €-38.3 million (13.9)
  • Income after taxes €-30.8 million (11.1)

Q3, 2020

Sales €56.6 million (153.8)

Operating income totalled €-7.8 million (26.2)

  • Q3 = most of the Group’s income is usually generated, this year negative
  • A large percentage of the staff in Finland was furloughed.
  • Travel restrictions, inconsistent communication from authorities affected travel and sales.
  • Uninterrupted passenger and cargo service in spite of pandemic
  • Liquidity at end of Q3 was stretched and remained at same level since then. Negotiations with financiers were conducted. On October 15, the Finnish Government issued State guarantees for additional loans totalling €38.7 million, which will secure liquidity.
  • The Finnish Transport and Communication Agency (Traficom) launched a tender process for a public transport service provider on Turku–Mariehamn–Stockholm, Mariehamn–Kapellskär and Helsinki–Tallinn routes. Viking Line intends to take part in the tender process.

Future prospects unchanged: Income for the full financial year will be negative.

Aug 30
1

FERRY FINANCE

By | 2019 Newsletter week 35 | No Comments

Stena AB Interim Report H1

Ferry & Ro-Ro highlights:

Ferry Operations

EBITDA increased compared to last year mainly due to continued positive volumes for cars (3%) and passengers (1%).

Shipping (Ro-Ro)

Strong contract coverage and utilization rate across the Ro-Ro fleet, offset by lower charter income as a result of vessels sold in 2018.

Irish Continental Group Reports H1

Key figures for the first 6 months (Group)

  • +6.1% Revenue
  • +14.9% EBITDA (pre non-trading items)
  • -12.0% EBIT (including non-trading items)

Key figures for the first 6 months (Ferries)

  • +1.5%  Revenue
  • +4.8%  EBITDA
  • -20.3% EBIT (including non-trading items)

Trends

  • -5.7% cars
  • +7.3% ro-ro freight
Apr 11
0

FERRY PORTS

By | 2019 Newsletter week 15 | No Comments

Strong Year 2018 For Copenhagen Malmö Port

  • Turnover: SEK 908 million (SEK 839 million).
  • Operating income: SEK 110 million (SEK 78 million)
  • Profit: SEK 46.7 million (26.3 million)
  • CMP handled 15.1 million tonnes of freight compared with 15.5 million tonnes in 2017.
  • Decrease in volumes in the oil sector. Success story mainly due to cruise business.
  • Increase in ro-ro volumes: 298,000 handled units.
Apr 11
0

FINANCE

By | 2019 Newsletter week 15 | No Comments

Baleària Sees Important Growth On North-Africa Routes

+11% passengers: 4,320,000

+17% vehicles: 1,209,000

+5% turnover: €381,400,000

-14% EBITDA: €70,300,000

-37% net profit: €27,400,000

  • 22% of Baleària passengers = foreign market. On these international lines, passenger growth was 26% while sales exceeded 84 million euros (16% more). Half of the group’s passengers (2,277,000) travelled the lines connecting the Iberian Peninsula to northern Africa (Morocco, Algeria, Ceuta and Melilla); thus, northern Africa is the area where the company is growing the most.
  • 50% of business is cargo, with a growth of 3.3% (5,800,000 lane metres of goods carried).
  • Reasons for drop in EBITDA and net profit are the high cost of the implementation of the new routes on the Alboran Sea and around the Canary Islands, along with the increased bunker price.
  • Trend expected to remain steady this financial year while new traffic routes are consolidated and the planned ship engine refittings are completed as they are currently inactive.
Feb 21
0

FINANCE

By | 2019 Newsletter week 8 | No Comments

Fjord 1 Q4 Report: Business As Usual

Fjord 1 saw in Q4 an 11 % revenue growth due to start-up of new contracts in the ferry segment.

The company completed several additional dockings of its ferries, more than in 2017.

Fjord 1 saw a lower contribution from the tourist segment and associates.

  • +11% Revenue 772.1 MNOK (692.9)
  • -7% EBITDA 219.1 MNOK (234.3)
  • -23% EBIT 133.5 MNOK (173.4)
  • -13% Net Profit 117.5 MNOK (135.0)

Several new ferries have been delivered. Fjord 1 is continuing to invest in new eco-friendly ships and new contracts.

Download Fjord1 Q4 Report
Feb 14
0

FINANCE

By | 2019 Newsletter week 7 | No Comments

Viking Line Group 2018 Results On A Par With Previous Year

  • Consolidated sales EUR 497.8 million (EUR 513.6)
  • Operating EUR 9.3 million (10.0)
  • Income after taxes EUR 5.5 million (5.3)
  • Passenger-related revenue was EUR 450.3 million (467,5)
  • Cargo revenue amounted to EUR 45.3 million (43.8)

Due to lower operating expenses compared to the previous year, consolidated income for 2018 improved somewhat despite lower sales.

Press release