Tallink Grupp issues Unaudited Consolidated Interim Report Q4 2017
AS Tallink Grupp has published its Unaudited Consolidated Interim Report Q4 2017.
In the 2017 financial year (1 January – 31 December), Tallink Grupp AS and its subsidiaries (the Group) carried a record number, a total of 9.8 million passengers, which is 3.2% more compared to the 2016 financial year. The number of cargo units transported increased by 11% compared to the previous financial year. The Group’s unaudited consolidated revenue amounted to EUR 967.0 million (EUR 937.8 million, 2016). Unaudited EBITDA increased almost by EUR 12 million and amounted to EUR 161.1 million (EUR 149.5 million, 2016), unaudited net profit for the financial year was EUR 49.3 million or EUR 0.074 per share (EUR 44.1 million or EUR 0.066 per share, 2016).
The biggest milestone for the Group in the 2017 financial year was the launch of the new LNG powered Shuttle vessel Megastar. On the Tallinn-Helsinki route, the ship carried more than 2 million passengers in its first year. This is the highest ever number of passengers carried on any of the Group’s vessels on the Baltic Sea in one year. Megastar improved the efficiency of the Group’s Shuttle operations and the Group was able to increase the Estonia – Finland segment result despite the tighter competition in the market.
The most positive development in 2017 was the growth of the cargo business. The Cargo volumes increased in all geographical segments in total by 11.0%, the cargo revenues increased by 13.3% or EUR 13.8 million compared to last year and amounted to EUR 117.7 million in 2017. In order to be better positioned to serve our cargo customers and capture increasing cargo volumes, the cargo ship Sea Wind previously operating from Tallinn Old City Harbour started operating from Muuga Harbour in October.
