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05 April 2020 The on-line newspaper devoted to the world of transports 06:33 GMT+2

February 26, 2020

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Finnlines ended 2019 with a net profit of 98.3 million euros (3.4%)

Worsening fourth quarter results

In 2019, revenues from Finnlines, the company of the Owner Grimaldi, which operates maritime services for north sea and Baltic Sea, are decreased by -2.5% to EUR 574.8 million compared to 589.4 million euros in the previous year. More accentuated the decrease in operating costs amounting to EUR 471.5 million (-4,0%). EBITDA and EBIT stood at 169.9 EUR 2.2% 104.8 million euros (0%). Net profit 98.3 million euros, or 3.4%.

Last year, Finnlines ships carried 378,000 166,000 non-passenger cars (up 2%), 1.11 million tonnes of other loads (-9%) and 665 thousand passengers (up 2%).

In the last quarter of 2019 alone, financial results worsened with revenues of 124.0 million, down -12.4% on the same period of the year EBITDA totalled 33.0 million euros (-11.5%), operating profit of 16.8 million euros (-23.5%) net income of 16.5 EUR 16.6%. During the period, the fleet carried 167 thousand units of cargo (-7%), 39,000 cars not in the wake of passengers (-20%), 260 thousand tonnes of other cargo (-11%) And 121,000 passengers (-3%).

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