Tallink Grupp has published its financial results for Q3 2024. Despite continued challenging market conditions and low consumer confidence, the quarter's results show continued stability.\u00a0<\/p>\n\n\n\n
During the third quarter, Tallink Grupp transported a total of 1,715,496 passengers, a decrease of 3.4 % compared to the same period last year (1,775,821 passengers in Q3 2023). However, the number of trips increased to 1,840, which is an increase of 131 trips compared to the third quarter of 2023 (1,709 trips in Q3 2023).<\/p>\n\n\n\n
Group revenue (unaudited) for Q3 2024 decreased by 3.7 %, amounting to EUR 231.9 million (EUR 240.7 million in Q3 2023). EBITDA decreased by 16.7 %, amounting to EUR 68.4 million (EUR 82.1 million in the same period in 2023). Net profit (unaudited) for the quarter amounted to EUR 36.8 million, a decrease of 24.4 % compared to the same period last year (EUR 48.7 million in net profit in Q3 2023).<\/p>\n\n\n\n
At the end of the quarter (30 September 2024), Tallink Grupp's available liquidity, including cash, cash equivalents and undrawn credit facilities, amounted to EUR 107.6 million (EUR 199 million on 30 September 2023). The Group's investments during the quarter amounted to EUR 5.6 million (EUR 6.1 million in Q3 2023), while the company repaid loans of EUR 27 million and made dividend payments of EUR 44.6 million.<\/p>\n\n\n\n
In the first nine months of 2024 (January 1 \u2013 September 30), the Group's revenue (unaudited) decreased by 6.1% compared to the same period last year and amounted to EUR 602.3 million (EUR 641.6 million in the same period in 2023). EBITDA for the first nine months decreased to EUR 149.5 million (EUR 177.7 million in 2023), while net profit (unaudited) amounted to EUR 45.5 million (EUR 76.7 million in profit in the same period last year).<\/p>\n\n\n\n
\u2013 Given the current circumstances, our third quarter results were quite strong. Despite two of our vessels being out of service awaiting new assignments, and operating in a challenging economic environment with low consumer confidence, I feel that we have delivered a result that inspires confidence. Tallink Grupp remains an efficient and lean organization, and these results confirm our commitment to becoming a dividend-paying company again after several crisis years. The fourth quarter is now underway, and barring any unexpected events, we expect to be able to fulfill our promise of regular dividends in 2025, says Paavo N\u00f5gene, CEO of Tallink Grupp.<\/p>\n\n\n\n
According to the press release.<\/p>","protected":false},"excerpt":{"rendered":"
Tallink Grupp har offentliggjort sina finansiella resultat f\u00f6r Q3 2024. Trots fortsatt utmanande marknadsf\u00f6rh\u00e5llanden och l\u00e5gt konsumentf\u00f6rtroende visar kvartalets resultat p\u00e5 fortsatt stabilitet.\u00a0 Under tredje kvartalet transporterade Tallink Grupp totalt 1 715 496 passagerare, en nedg\u00e5ng med 3,4 % j\u00e4mf\u00f6rt med samma period f\u00f6reg\u00e5ende \u00e5r (1 775 821 passagerare under Q3 2023). Antalet resor \u00f6kade […]<\/p>\n","protected":false},"author":25,"featured_media":296307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[182],"tags":[319,4294,241,395,5122],"class_list":["post-298177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rederi","tag-fartyg","tag-hamn","tag-tag-rederi","tag-tallink-grupp","tag-underhallning-ekonomi-foretagsinformation-semester-resor-sjofart"],"acf":[],"yoast_head":"\n