Tallink Grupp Sees More Passengers On Nearly All Routes in Q2
Q2 main figures:
+0.8% Passengers (2.7 million)
+0.3% Revenue (EUR 256.1 million)
+16.5% EBITDA (EUR 50.7 million)
-2.6% Net Profit (EUR 14.0 million)
The Group’s revenue and operating result were impacted by the following operational factors:
- The number of passengers travelling on the Group’s ships increased in almost all geographical segments (Estonia-Finland, Finland-Sweden and Latvia-Sweden). Decrease on Estonia-Sweden.
- The competition on the maritime traffic between Estonia and Finland puts pressure on ticket prices.
- In 2019 the Easter holidays, when traffic volumes usually increase, were in April, last year the holidays were in March.
During the first 6 months of 2019 the Group carried 1.2% less passengers and saw a decrease of 1% of revenue.
Unaudited EBITDA for the first 6 months was EUR 54.5 million (EUR 47.7 million) and unaudited net loss was EUR 10.4 million (EUR 4.3 million, 6 months 2018 net loss).
The financial result of the first 6 months of 2019 was impacted by the planned dockings of seven ships in Q1.