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Q1 2021 in numbers

Finnlines Group’s turnover was EUR 124.1 (130.5) million in the reporting period, a decrease of 5% compared to the same period in the previous year. The EUR 6.4 million turnover reduction against last year is due to the corona pandemic, which didn’t yet have an effect on last year’s first quarter, but has now reduced passenger revenue by EUR 2.7 million. Strict travel restrictions have remained on Finland’s border the first months of the year 2021. In addition, low bunker surcharges have also been affecting the turnover, but Finnlines has been working hard to make the operations even more efficient during these exceptional times and therefore has been able to keep the result before interest, taxes, depreciation and amortisation (EBITDA) at EUR 30.3 (38.2) million.

Q1 2021 - infographic

Financial Review January–March 2021

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