Difficult market situation also in Q3 – Finnlines continued resilient work despite losing over 30% in profits

Challenging Q2 – Finnlines' services continued unaltered, even though global pandemic significantly reduced revenue and weakened result.

Tutustu Finnlines News -lehden numeroon 1/2020. Artikkelit englanniksi.

The Finnlines Group’s revenue for January–March 2020 was almost on previous year’s level and was EUR 130.5 million compared to EUR 137.6 million in the corresponding period 2019.

The Finnlines Group’s revenue for January–December was EUR 574.8 (589.4 in 2018) million reflecting the lower volumes in Finland’s trade over the preceding year. Result before interest, taxes, depreciation and amortisation, EBITDA, was EUR 169.8 (166.4) million.

The Finnlines Group’s revenue for January–September was EUR 450.8 (447.9 in 2018) million.

The Finnlines Group’s revenue for January–June 2019 was EUR 295.5 million, which was an increase of 2% compared to the corresponding period last year.

Automisation, digitalisation and the development of emission-reduction technology will help push our industry towards a low-carbon future.

About 90% of foreign trade is transported by sea and shipping is of high importance to the Finnish industry and welfare. In 2018, sea transport volumes rose to an all-time high – Finnish sea transport increased to a record level  and was 103.8 million tonnes. 

The Finnlines Group’s revenue for January–March 2019 was EUR 137.6 million, which was an increase of 2.0 per cent compared to the same period last year. The result for the reporting period was EUR 16.2 million compared to EUR 16.5 million in January–March 2018. Earnings before interest, taxes, depreciation and amortisation, EBITDA, was EUR 34.2 million compared to EUR 34.3 million in January–March 2018. 

Cargo classified as project cargo comes in all sizes, shapes and weights. Each carriage is a new project.

The Finnlines Group’s January–December 2018 result increased by EUR 12.5 million to EUR 95.1 million. Revenue also increased by 9.9 per cent to EUR 589.4 million during January–December 2018. During the fourth quarter, the cargo volumes remained strong, increasing the revenue compared to last year from EUR 131.8 million to EUR 141.5 million. The result for October–December was EUR 19.7 (14.8) million.

Finnlines’ actions in sustainable shipping

The battle is on to reduce CO2 emissions and fossil fuel consumption over a short enough timescale to ensure that our children inherit a world in ecological equilibrium.

During the last few years, cargo volumes, trailers in particular, have grown substantially on the Uusikaupunki–Travemünde route.

Finnlines collaborates and interacts with different stakeholders and organisations. One of the organisations is the Aamu Pediatric Cancer Foundation which Finnlines supported in 2017.

The Finnlines Group’s result for the reporting period increased by EUR 7.3 million to EUR 75.3 million. Earning before interest, taxes, depreciation and amortization, EBITDA, came to EUR 129.0 million against EUR 120.4 million last year. Revenue increased EUR 43.4 million to EUR 447.9 million.

"Our performance for the first half of 2018 has continued very strong as revenue grew 11.5 per cent to EUR 289.1 million. The January–June 2018 result for the period increased by approximately 20 per cent to EUR 42.3 million. Earnings before interest, taxes, depreciation and amortisation, EBITDA, came to EUR 78.3 million”, says Emanuele Grimaldi, President and CEO of Finnlines.

The year has started extremely well with increased revenue, EBITDA and net result. The January–March 2018 result for the period increased by 48.6 per cent to EUR 16.5 million. Earnings before interest, taxes, depreciation and amortisation, EBITDA, came to EUR 34.3 million and revenue increased by 11.6 per cent to EUR 134.9 million.

The newly published Finnlines annual report reveals a set of strong financial figures and another milestone in our Company’s return to profitability.

Finnlines is halfway in its ship lengthening programme, the energy efficiency and emission reduction investment programme, which it launched in 2017. 

Every year in January, the Matka Nordic Travel Fair in Helsinki marks the start of the Finnish tourism year. Finnlines participated in the Matka Travel Fair with a brand-new exhibition concept. 

Come and experience peaceful travelling on a passenger-freight vessel. With Finnlines you can reach Långnäs harbour, east of Mariehamn, from Naantali or Kapellskär, all year round. We offer two departures a day from all three ports. 

The January–December 2017 result improved by over 21 per cent and was EUR 82.7 (68.1) million, representing, for the third year in a row, the best ever result in Finnlines’ 70-year history.

MS Finntide oli ensimmäinen pidennettävä alus. 

Finnlines has in recent years been one of the star performers in the Grimaldi constellation, posting a series of consecutive first class financial figures.

Finnlines challenged everybody to participate in Finnlines’ project “Together across the Baltic”. 

The third quarter of 2017 was the best ever quarter of Finnlines’ history. The January–September 2017 result for the period improved by approximately 12 per cent, and was EUR 67.9 (60.9) million.

ICS is the main international shipping association based in London.

Ballast water is essential to control ships’ trim, draught, stability and stresses.

The Naantali construction works have started in September 2017.

The January–June 2017 result for the period improved by approximately 16 per cent, and was EUR 35.4 (30.5) million, representing the best first half year result in Finnlines’ history.

Finnlines is an iconic brand across the Baltic, and it is a happy coincidence that the Company’s 70th anniversary party on board one of our Star Class vessels last month fell in the same year that Finland is celebrating the centenary of its independence. 

Around 1 km of trucks more per ship hosted on board.

It was surely the largest party in Finland that night. A sea of 1,200 flocked to the Helsinki cruise terminal on May 15 to celebrate Finnlines’ 70th birthday.

As Finnlines’ 70 years of history is strongly connected to the Finnish history, Finnlines wants to take concrete action in order to celebrate the centenary of Finland’s independence.

Raportointikauden tulos tammi–maaliskuulta ylitti edellisen ennätysvuoden vastaavalta kaudelta noin 35 prosenttia, ja oli 11,2 (8,3) miljoonaa euroa. 

Over the past seven decades, Finnlines has known many ups and downs: from striking unions to transatlantic rate depressions and the middle east oil price shock. Over that time, management has tried its hand at the container trades, bulk shipping and even cruising, with mixed success.

Today, seventy years since the first commercial operations, Finnlines has never been in better shape. 2016 was again a record year. Profits came in at Euro 68 million, 20% up on 2015. Our impressive bottom line was achieved on declining turnover, making it all the more remarkable.

To celebrate Finnlines’ 70th anniversary and to serve our customers better, we have renewed our Hansalink Star Class vessels with a mixture of ageless maritime, serene scandinavian modern style and an industrial cargo look.

The Safety First -series introduces some of the safety matters concerning the shipping business: issues like securing the cargo, protecting the environment and assuring the health and safety of personnel and passengers. 

A swarm of something fast, yellow and black arrives at the Vuosaari Harbour on the 8th of July. It’s time for the Rynkeby Charity cycling event!  

The Safety First -series introduces safety matters concerning the shipping business: issues like securing the cargo, protecting the environment and assuring the health and safety of the personnel and passengers. 

Reefer units are refrigerated shipping containers or semi-trailers. They are designed to carry the cargo at specific temperatures. Valuable and perishable items, such as pharmaceuticals, flowers, food (e.g. fish, fruit, protein) are usually transported in a reefer unit.

The Safety First -series introduces safety matters concerning the shipping business: issues like securing the cargo, protecting the environment and assuring the health and safety of the personnel and passengers. 

The movement of people and business will not stop growing. Environmentally friendly solutions will be in demand even more in the future of maritime business.