August 2022 compared to August 2021 (and 2019)
+54.8% passengers 603,284 (1,017,565 in 2019)
+23.4% cargo units 35,530 (30,519 in 2019)
+14% passenger vehicles 89,105 (115,339 in 2019)
Dutch media suggest that a Tallink vessel will be used as accommodation for refugees.
This cruise ferry would arrive end of August in Velsen-Noord (a town opposite IJmuiden).
There was an earlier plan to charter VICTORIA I for the same purpose, but much to the surprise of Velsen-Noord and the COA (Central organisation for asylum seekers).
A letter of intent was sent to Tallink on June 30 by COA and Sleepships, the company that was asked to organise the charter. However, no contract was signed and Scotland snapped the VICTORIA I.
The charter would last until 1 March 2023.
Tallink Grupp’s SAILOR has arrived in the BLRT Turku Repair Yard in Naantali, Finland, for its regular dry-docking, scheduled from 30 June until 11 July 2022.
During Sailor’s planned technical maintenance, company’s other ropax REGAL STAR will be temporarily re-routed to operate on the company’s Paldiski – Kapellskär route from 2 July until 12 July.
“It is the first ray of light we have seen after a period where we have made a net loss of more than EUR 151 million in roughly a year and a half,” says Tallink Grupp’s CEO Paavo Nõgene. “We have unfortunately just reached the low season and the high COVID rates in Estonia and Latvia, in addition to the challenging employment market and high fuel prices, are all indicating it will be yet another tough winter ahead.”
Q3 Results
- Unaudited net profit EUR 5.5 million (net loss of EUR 23.9 million in Q3 2020)
- EBITDA EUR 35.1 million (EUR 5.7 million in Q3 2020)
- +18.6% Unaudited revenue EUR 170.5 million (EUR 143.7 million in Q3 2020).
- The biggest contributors to the revenue increase: onboard restaurant and shop sales, ticket revenue and charter revenue
During the third quarter of 2021, the company strengthened its liquidity position by taking out the loan from the Nordic Investment Bank and carrying out an additional shares emission of the company’s stock in early September. This has enabled the company to secure new capital, creating a strong liquidity buffer for the challenging low season ahead. The total liquidity buffer as at 30 September 2021 amounted to EUR 252.5 million (EUR 115.0 million at 30 September 2020).
Q1+Q2+Q3
- In the first 9 months, the Group’s unaudited revenue decreased by 14.7% and amounted to EUR 310.3 million.
Unaudited EBITDA for the first 9 months was EUR 33.2 million (EUR 6.9 million
In October 2021, AS Tallink Grupp transported:
412,046 passengers (+153.9%)
34,138 cargo units (+22.8%)
63,923 passenger cars (+37.4%)
The public offering of Tallink Grupp shares commenced on August 18.
Both the company’s approximately 30,000 existing shareholders as well as new investors are able to subscribe to the company’s shares until 1 September 2021 (included).
The public offering of the new shares is carried out simultaneously in Estonia and Finland on the basis of the prospectus approved by the Estonian Financial Supervision and Resolution Authority. The approved prospectus has been published on Tallink Grupp’s website.
From Tuesday, 16 March 2021, Confido will open a new coronavirus testing location at Terminal D, Port of Tallinn and will thus make it easier for passengers to obtain the necessary negative COVID test certificates, required for travelling to Finland since the end of February.
Marcus Risberg (left picture), Managing Director for Swedish subsidiary Tallink Silja AB leaves Tallink Grupp to take up a new position as CEO of Destination Gotland.
Mr Risberg will replace Christer Bruzelius, who retires after 9 successful years.
Tallink Grupp announced that Mr Ats Joorits (right picture) will take up the position from 15 March 2021.
At the same time, shipping companies are required to keep two morning and two evening departures on the routes.
AS Tallink Grupp Statistics for October 2020
- -79.9% passengers (162,311)
- -18.7% cargo units (27,794)
- -46.2% cars (46,524)