During the nine-month period, the company’s revenues increased by 7 per cent to EUR 547.2 million. Earnings before interest, taxes, depreciation and amortization, EBITDA, amounted to EUR 140.8 million, up from EUR 131.7 million for the same period last year.

“We see signs of an upturn although the beginning of 2024 was difficult with high interest rates, inflation, and a slowdown in economic growth. Many of the key figures showed an upturn when the Q3 report was completed,” says Tom Pippingsköld, President and CEO of Finnlines.

The cargo volumes transported during January–September totalled approximately 595,000 cargo units, 63,000 cars and 962,000 tons of freight not possible to measure in units.

“As anticipated, passenger travel increased considerably. All the four ro-pax lines performed well and the number of private passengers more than doubled on the route between mainland Finland, Åland and Sweden.”

The company aims to sign an order for three new ro-pax vessels running on green fuels by the end of 2024 or early 2025. The vessels will enter the Helsinki–Travemünde route. “We are financially strong and we have an operationally and environmentally sound fleet, which will be improved by new green-fuelled vessels. The newbuilds will benefit Finnlines and also our customers when we all can reduce our emissions further,” says Pippingsköld.

“We see signs of an upturn” – Tom Pippingsköld