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May 5, 2022
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- Strong increase in Finnlines' quarterly performance
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- Tom Pippingsköld is the new president and CEO
of the company. Emanuele Grimaldi elected chairman
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 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).
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- 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.
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- 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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- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
