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Tag: Tallink Grupp | Page 9 | Ferry Shipping News

Apr 26
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Tallink Grupp Published The Audited Annual Report Of The 2017 Financial Year

By | 2018 Newsletter Week 17 | No Comments

The key highlights were the following:

  • All-time high annual passenger number and higher revenue
  • New LNG fast ferry MEGASTAR started shuttle service on the Tallinn – Helsinki route
  • New passenger terminal opened in Helsinki
  • Lower chartering revenues
  • Scheduled maintenance of five ships during the Q1 low season
  • Increased competition on the Tallinn – Helsinki route
  • Lower operating costs from the termination of the charter of fast ferry SUPERSTAR
  • Effects from the re-routing of vessels in December 2016
  • Renovated cruise ferry SILJA EUROPA returned to the Tallinn – Helsinki route
  • Two ships on the Riga – Stockholm route
  • Sale of two Superfast vessels in December 2017
  • Group-wide ship renovation programme continued
AS Tallink Grupp Audited Annual Report of 2017
Mar 01
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FERRY FINANCE

By | 2018 Newsletter week 09 | No Comments

Tallink Grupp Earns Record Amount Of EUR 967 Million Revenue In 2017

According to the unaudited financial results, Tallink Grupp AS earned a record amount of EUR 967 million revenue in 2017. In addition, the group’s highest ever number of passengers in one year – over 9.8 million – significantly increased the revenue of the group’s restaurants and shops to nearly 537 million euros, taking the Grupp’s net profit for 2017 to a total of EUR 49 million.

Compared to the previous financial year, the Grupp’s turnover increased by 3.1% and the net profit by 11.8%.

The launch of the Grupp’s newest vessel, Megastar, on the Tallinn-Helsinki route early in the year increased the capacity of this route and improved the efficiency.

The most positive development in 2017 was the growth of the cargo business. The Cargo volumes increased in all geographical segments in total by 11.0%, the cargo revenues increased by 13.3% or EUR 13.8 million compared to last year and amounted to EUR 117.7 million in 2017.

AS Tallink Grupp Unaudited Consolidated Interim Report Q4 2017