{"id":241949,"date":"2023-11-13T06:59:00","date_gmt":"2023-11-13T05:59:00","guid":{"rendered":"https:\/\/www.travelreport.se\/?p=241949"},"modified":"2023-11-13T06:59:00","modified_gmt":"2023-11-13T05:59:00","slug":"finnlines-interim-report-january-september-2023","status":"publish","type":"post","link":"https:\/\/www.travelreport.se\/en\/finnlines-delarsrapport-januari-september-2023\/","title":{"rendered":"Finnlines interim report January \u2013 September 2023"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.travelreport.se\/wp-content\/uploads\/2023\/11\/Skarmavbild-2023-11-13-kl.-06.54.17-1024x669.png\" alt=\"\" class=\"wp-image-241950\"\/><figcaption class=\"wp-element-caption\">Photo:Finnlines<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Finnlines CEO Tom Pippingsk\u00f6ld comments on the interim report:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201dThe Finnlines Group&#039;s total revenue during January \u2013 September 2023 amounted to EUR 513.2 million (558.4 in 2022), which is a decrease of 8 percent compared to the same period in 2022. The profit for the period was EUR 56.9 (105.2) million. Earnings before interest, tax, depreciation and amortization, EBITDA, amounted to EUR 131.7 (169.2) million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The geopolitical situation remains uncertain and the transport services market both globally and in the euro area is sluggish, meaning that we in the EU are either experiencing negative growth or zero growth. Based on current forecasts, GDP growth in the EU in 2023 and 2024 is expected to be 0.6 and 1.1 percent, respectively. Central banks remain concerned about inflation, although it has decreased significantly. The rapid interest rate hikes by the European Central Bank (ECB) have had a negative impact on private consumption, the construction industry and business investment, and, as a result, have been a hindrance to economic activity in the EU countries. The change in Finland&#039;s export volumes over the past 12 months was -4.7 percent (12-month moving average September 2022\u2013August 2023). The corresponding figure for import volumes was -9.6 percent. The ECB should react quickly to the worsening growth forecasts and lower interest rates.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While the unfavorable development of Finland&#039;s exports and imports has resulted in reduced freight volumes and negatively affected our results, we have seen a very good upward trend in passenger volumes. Despite the reduced freight volumes, Finnlines has been able to maintain its market share.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finnlines received delivery of three hybrid ro-ro vessels already in 2022. In July this year, the first of the two Superstar class ships, Finnsirius, was delivered, which began operating the Naantali\u2013L\u00e5ngn\u00e4s\u2013Kapellsk\u00e4r route (Finland\u2013\u00c5land\u2013Sweden) on 15 September 2023. Finnsirius\u2019 arrival started a new era for the route as the ship is both larger and more sustainable than any of the previous ro-ro vessels. She also sets a completely new standard for ro-ro transport on the Baltic Sea, both in terms of cargo and passengers. The second ro-ro vessel in the Superstar class, Finncanopus, will be delivered at the end of the year. Our ro-ro vessels have huge battery banks and will use shore power, ensuring zero emissions in port. Automooring (automatic mooring system) in all three ports speeds up cargo handling and further increases our efficiency on the route.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finnsirius replaced Europalink, a smaller Star-class ro-pax vessel, which was transferred to the Sweden\u2013Germany route where she replaced a chartered vessel.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The EU\u2019s existing emissions trading scheme will be extended to maritime transport from 2024 onwards. Finnlines has made extensive investments in sustainable and environmentally friendly technology, thereby positioning itself in terms of competitiveness. Finnlines\u201d investment programme to reduce carbon emissions goes hand in hand with the company\u2019s strategy to increase operational efficiency. The new vessels support our customers in their transition towards sustainability and environmental responsibility. Therefore, Finnlines continues its green transition and thus does its best to assist its customers in the most sustainable way possible. Not only have we invested in environmental technology for several years, but Finnlines\u2019 EUR 500 million green newbuilding programme is almost complete. This programme clearly demonstrates our unwavering commitment to the environment, our customers and our other stakeholders.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Attachment:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.finnlines.com\/wp-content\/uploads\/2023\/11\/financial-review-q3_2023-eng-1.pdf\" target=\"_blank\">Financial Review January\u2013September 2023, PDF<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the press release.<\/p>","protected":false},"excerpt":{"rendered":"<p>Finnlines VD Tom Pippingsk\u00f6ld kommenterar del\u00e5rsrapporten: \u201dFinnlineskoncernens totala int\u00e4kter under januari \u2013 september 2023 uppgick till 513,2 miljoner euro (558,4 2022), vilket \u00e4r en minskning med 8 procent j\u00e4mf\u00f6rt med samma period 2022. Resultatet f\u00f6r perioden var 56,9 (105,2) miljoner euro. Int\u00e4kterna f\u00f6re r\u00e4nta, skatt, avskrivning och amortering, EBITDA, uppgick till 131,7 (169,2) miljoner euro. [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[406,241],"class_list":["post-241949","post","type-post","status-publish","format-standard","hentry","category-travel-report","tag-finnlines","tag-tag-rederi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finnlines del\u00e5rsrapport januari \u2013 september 2023 &#8211; Travel Report<\/title>\n<meta name=\"description\" content=\"Finnlines del\u00e5rsrapport januari \u2013 september 2023 \u2013 L\u00e4s senaste nyheterna fr\u00e5n resebranschen p\u00e5 Travel Report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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