Clipper Group Annual Report: Seatruck Ferries and ro-ro chartering activities

By | 2018 Newsletter week 23 | No Comments

The net result for 2017 is satisfactory despite EBIT going down compared to 2016. The reason for a lower EBIT relates to impairment loss, lower operating profit in the chartering activity from a reduction of two vessels and operational issues related to the lock in Liverpool.

  • Seatruck Ferries total freight volumes growing 6%
  • Seatruck Ferries now holds 19.6% (17.9%) of the ro-ro market on the Irish Sea.
  • Especially the routes out of Dublin have proven to be successful.
  • Operating result is expected to decrease slightly compared to 2017 because of a lower chartering result.

FERRY FINANCE

By | 2018 Newsletter week 10 | No Comments

A Good Year For Color Line In 2017

Color Line AS, a company belonging to Color Group AS can look back on a successful 2017.

  • Operating revenue: NOK 4,968 million (4,896)
  • Operating profit before depreciation and charter leases: NOK 1,180 million (1,149)
  • Operating profit EBIT: NOK 630 million (616)
  • Net profit: NOK 372 million (426)
  • Number of passengers: 3,805,023 (3,850,947)
  • Number of freight units: 180,480 (175,680)

Color Group is expecting to record a profit in 2018 that is comparable to the figures reported in 2017.

As a reminder, the company entered last year into a contract with Ulstein for the construction of the world’s largest plug-in hybrid ro-pax for the Sandefjord-Strömstad route (spring 2019)

One more detail: interesting to know is also that 65% of the company’s estimated bunker costs for 2018 and approx. 30% for 2019 are secured by hedging.