testata inforMARE

09 August 2022 The on-line newspaper devoted to the world of transports 03:27 GMT+2

July 27, 2022

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Original news
Finnlines performed in the second quarter financial records

Revenues grew by +36.2%

In the second quarter of this year the shipping company Finnish Finnlines of the Italian shipowning group Grimaldi has recorded record revenues amounting to 199.9 million euros, with an increase of +36.2% on the corresponding period of 2021. A new peak was also marked by operating costs amounted to 158.9 million euros (+29.2%), as well as EBITDA, operating profit and net profit equal respectively to 62.1 million euros (+52.2%), 41.5 million euros euro (+69.9%) and 41.2 million euro (+78.7%).

In the second quarter of this year traffic volumes enlivened by the Finnlines fleet have been growing relative to passengers, with a total of 169 thousand people embarked on the company's ships compared to 127 thousand in the corresponding period of 2021, while the volumes of loading of goods with 194 thousand load units transported (204 thousand in the second quarter of 2021), 367 thousand tons of other goods (377 thousand) and 37 thousand cars not accompanying passengers (46 thousand).

Finnlines recalled that at the beginning of March, following the sanctions imposed by the EU against Russia for the invasion of the Ukrainian territory, the company's ships stopped doing stopover at Russian ports, with a consequent loss of revenue that is was offset by increased cargo volumes on other routes, and since the resumption of passenger traffic that has reached levels pre-pandemic.

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