Ferry operator Tallink, which operates services to several Swedish cities, reported a decrease in sales during the fourth quarter compared to the same period the previous year. The operating result showed a loss compared to the previous period's profit.
Turnover fell 65 percent to EUR 79.3 million (226.4). The number of passengers fell almost 80 percent to approximately 463 thousand, while the number of freight units fell 12.6 percent.
Ebitda profit was EUR 1.2 million (33.4), with an Ebitda margin of 1.5 percent (14.8).
The operating profit was -24.2 million euros.
The result after tax was -26.9 million euros.
”While we wait for the corona storm to pass and the borders to reopen for travel, we continue to develop business areas that we believe will give us a strategic advantage going forward and enable us to spread the risks, make preparations to offer our services again with a focus on safety and sustainability, and to reunite people around the Baltic Sea after a year of separation,” says CEO Paavo Nõgene.
Source: finwire
