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Tag: AS Tallink Grupp | Ferry Shipping News

Apr 05
1

AS Tallink Grupp Audited Annual Report of the 2023 Financial Year

By | 2024 Newsletter week 14 | No Comments

Transportation: In the financial year 2023, AS Tallink Grupp and its subsidiaries transported 5.7 million passengers, marking a 4.5% increase from the previous year. Passenger car transportation showed a positive growth of 2.6%, while the number of cargo units transported decreased by 20.9% compared to the previous financial year.

Financial Performance:

  • Revenue: The Group’s audited consolidated revenue reached EUR 835.3 million, reflecting an 8.3% increase year-on-year. Revenue from route operations, the core business, rose to EUR 645.8 million, up by EUR 16.9 million from the financial year 2022.
  • EBITDA: Audited EBITDA stood at EUR 214.5 million, significantly higher than EUR 135.8 million in the financial year 2022.
  • Net Profit: The unaudited net profit for the period surged to EUR 78.9 million, a substantial increase from EUR 13.9 million in the financial year 2022, up by 466.0%.

Source: Tallink Grupp investor relations

“As a result of almost a herculean effort, dedication, perseverance, commitment and many sacrifices, Tallink Grupp has achieved the near-impossible in 2023 and has risen like a phoenix from the ashes of the last four years of crises and challenges.”

Paavo Nõgene, Chairman of the Management Board

Feb 09
1

AS Tallink Grupp Statistics for January 2024

By | 2024 Newsletter week 6 | No Comments
  • 329,974 passengers (-2.4%)
  • 28,606 cargo units (+4.5% )
  • 50,234 passenger vehicles (-3.0%)

The January Estonia-Finland results reflect operations of the shuttle services of MYSTAR andMEGASTAR as well as the operation of the cruise ferry VICTORIA I that started operating the 22-hour cruise service from 12 October 2023.

The shuttle vessel Megastar did not operate on the route for 6 days in total due to scheduled maintenance.

The January Estonia-Sweden results reflect the operations of the Tallinn-Stockholm and the Paldiski-Kapellskär routes by one cruise ferry and two cargo vessels.

Sep 08
0

AS Tallink Grupp Statistics for August 2023

By | 2023 Newsletter week 36 | No Comments

In August 2023 AS Tallink Grupp transported

576,455 passengers, which is a 4.4% decrease compared to August 2022.

The number of cargo units decreased by 26.0% to 26,281 units and the number of passenger vehicles by 2.6% to 86,794 units year-on-year.

FINLAND – SWEDEN (Helsinki-Stockholm and Turku-Stockholm)

The cruise ferry GALAXY I stopped operating on the Turku-Stockholm route in September 2022 due to a charter contract.

ESTONIA – FINLAND (Shuttle services of MYSTAR and MEGASTAR)

The cruise ferry SILJA EUROPA stopped operating on the Tallinn-Helsinki route in August 2022 due to a charter contract.

ESTONIA – SWEDEN (Tallinn-Stockholm and Paldiski-Kapellskär)

Aug 04
0

AS Tallink Grupp Statistics for July 2023

By | 2023 Newsletter week 30 | No Comments

In July 2023 AS Tallink Grupp transported 797,846 passengers, which is an 11.1% decrease compared to July 2022.

The number of cargo units decreased by 27.8% to 23,597 units and the number of passenger vehicles by 1.5% to 125,118 units year-on-year.

It must be noted that Tallink has several ships chartered out, which affected the capacity on the own routes.

Jun 09
0

AS Tallink Grupp Statistics for May 2023

By | 2023 Newsletter week 23 | No Comments

In May 2023 AS Tallink Grupp transported 469,878 passengers, which is a 3.3% decrease compared to May 2022.

The number of cargo units decreased by 23.1% to 29,678 units and the number of passenger vehicles by 0.1% to 72,969 units year-on-year.

FINLAND – SWEDEN

The May Finland-Sweden results reflect the operations of the Helsinki-Stockholm and the Turku-Kapellskär/Turku-Stockholm routes. The cruise ferry GALAXY I stopped operating on the Turku-Stockholm route in September 2022 due to a charter contract.

ESTONIA – FINLAND

The May Estonia-Finland results reflect operations of shuttle services of MYSTAR and MEGASTAR.

The shuttle ferry STAR, which operated on the Tallinn-Helsinki route until 1 May 2023, is on long-term charter since 5 May 2023 providing transport services between Ireland, the United Kingdom and France under the OSCAR WILDE name.

The cruise ferry SILJA EUROPA stopped operating on the Tallinn-Helsinki route in August 2022 due to a charter contract.

ESTONIA – SWEDEN

The May Estonia-Sweden results reflect the operations of the Tallinn-Stockholm and the Paldiski-Kapellskär route.

OTHER EVENTS

In May 2023, the charter agreement was signed based on which the cruise ferry SILJA EUROPA will continue providing services in Netherlands until December 2023.

Feb 10
0

AS Tallink Grupp Statistics for January 2023

By | 2023 Newsletter week 6 | No Comments
  • The cruise ferry GALAXY stopped operating on the Turku-Stockholm route in September 2022 due to the charter contract with The Netherlands..
  • The January Estonia-Finland results reflect operations of shuttle services including new shuttle Mystar that was added to the route from 13 December 2022. The cruise ferry SILJA EUROPA stopped operating on the Tallinn-Helsinki route in August 2022 due to a charter contract with The Netherlands.
Dec 22
0

Changes in AS Tallink Grupp’s loan obligations

By | 2022 Newsletter week 51 | No Comments

AS Tallink Grupp has amended and restated the EUR 280 million loan agreement from December 2016. The final maturity of the Euribor based floating interest rate loan was extended by 3 years with two further extension possibilities, each by one year. Sustainability-linked clauses were added to the amended and restated loan agreement. Current outstanding balance of the loan is EUR 135,5 million.

The financing is arranged by Nordea Bank ABP, Danske Bank A/S, KfW IPEX Bank GmbH, AS Swedbank, Skandinaviska Enskilda Banken AB and Hamburg Commercial Bank AG. Nordea Banks ABP and Skandinaviska Enskilda Banken AB acted as Coordinators. The Facility- and Security Agent and Sustainability Coordinator is Nordea Banks ABP.

As a result of the amended and restated loan agreement the company’s refinancing risk decreases.

The new loan is guaranteed by the subsidiaries of AS Tallink Grupp: Tallink Sea Line Ltd, Tallink Victory Line Ltd, Tallink Ltd, Tallink Autoexpress Ltd and Tallinn Swedish Line Ltd. The loan is secured by the mortgages on the ships belonging to these subsidiaries.