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Finnlines has improved its result for the first quarter of this year. Compared to their record year’s corresponding period the result has exceeded by approximately 35 %.

From January to March 2017 the company logged 11.2 mill. € (Q1 2016: 8.3 mill. €). The EBITDA increased by 10.[ds_preview]5 % to 28.0 mill. € (Q1 2016: 25.3 mill. €). The revenue of 120.9 mill. € rose by 14.9 % compared to the 105.2 mill. € in Q1 2016. However the interest-bearing debt decreased by 49.1 mill. € to 486.9 mill. € (Q1 2016: 536.0 mill. €).

»The Finnlines Group’s first three months have proved, again, to be very strong. The January–March 2017 result for the period exceeded our record year’s corresponding period by approximately 35 %,« says Emanuele Grimaldi, Finnline’s President and CEO.

After a long period of sluggish economic development in Europe the company sees positive signs in economic growth. According to Grimaldi especially in Finland the volume of exported and imported goods has increased by 10 % during the first three month of 2017.

Finnlines expects growing freight volumes

Since the beginning of this year Finnlines has upgraded the frequency of the Hanko–Rostock service to four weekly sailings. The traffic is operated with two roro vessels.
Finnlines has started a new capex program, the Energy Efficiency and Emission Reduction Investment Programme, in order to lengthen roro vessels and increase passenger capacity on one ropax vessel. This investment is expected to provide greater efficiency and better fuel economy.
In addition, Finland’s export and import volumes are expected to grow again and therefore Finnlines Group’s result before taxes is expected to improve over the previous year’s level.