April 11, 2019
Baleària Sees Important Growth On North-Africa Routes
+11% passengers: 4,320,000
+17% vehicles: 1,209,000
+5% turnover: €381,400,000
-14% EBITDA: €70,300,000
-37% net profit: €27,400,000
- 22% of Baleària passengers = foreign market. On these international lines, passenger growth was 26% while sales exceeded 84 million euros (16% more). Half of the group’s passengers (2,277,000) travelled the lines connecting the Iberian Peninsula to northern Africa (Morocco, Algeria, Ceuta and Melilla); thus, northern Africa is the area where the company is growing the most.
- 50% of business is cargo, with a growth of 3.3% (5,800,000 lane metres of goods carried).
- Reasons for drop in EBITDA and net profit are the high cost of the implementation of the new routes on the Alboran Sea and around the Canary Islands, along with the increased bunker price.
- Trend expected to remain steady this financial year while new traffic routes are consolidated and the planned ship engine refittings are completed as they are currently inactive.