testata inforMARE

26 May 2022 The on-line newspaper devoted to the world of transports 17:08 GMT+2



May 5, 2022

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Original news
Strong increase in Finnlines' quarterly performance

Tom Pippingsköld is the new president and CEO of the company. Emanuele Grimaldi elected chairman

In the first quarter of 2022, for the fourth quarterly period consecutive, the Finnlines shipping company of the group Italian shipowner Grimaldi recorded a sharp increase in revenues, turnover that amounted to 157.0 million euro, with a progression of +26.6% on the first three months of 2021. The increase in operating costs that have been accentuated amounted to 143.7 million euros (+30.4%). EBITDA was of 35.6 million euros (+17.5%), EBIT of 15.3 million (+8.4%) and net profit of 15.1 million euros (+14.5%).

In the first three months of this year, the volumes of goods and passengers carried by the ships of the Finnish company with the exception of carriage of cars not accompanying passengers who were equal to 36 thousand vehicles compared to 44 thousand in the corresponding period of 2021. On the other hand, loads are on the rise united embarked on the ships of the fleet attested to 199 thousand units (187 thousand in the first quarter of last year), the ununited goods that totaled 375 thousand tons (305 thousand) and passengers with a total of 117 thousand people embarked (101 thousand).

Meanwhile, Emanuele Grimaldi, CEO of the group Grimaldi, has been elected new chairman of the company Finnish and takes over from Jon-Aksel Torgersen who for over 15 years held this position and will continue to be a member of the Board of Directors. The Board of Finnlines also elected Tom Pippingsköld new chairman and director company delegate, assignments previously held by Emanuele Grimaldi.

Commenting on the latest market developments, Emanuele Grimaldi dwelt on the consequences of the war- Russia-Ukraine: "this - he noted - has an impact on the entire EU economy and could probably slow down also the Finnish economy. We - Grimaldi recalled - have stopped our ships operating to and from Russia in the context EU sanctions. Russian traffic - he specified - does not represents a significant share of our turnover, which is was well compensated by our other lines. In the first quarter - emphasized Grimaldi - the volumes on each of our others lines in which we operate have increased and it is expected that this positive development of goods will continue."




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