Independent journal on economy and transport policy
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It continues the improvement of the economic results of Finnlines
In the third trimester the revenues are dropped of -4%
November 6, 2014
In the third trimester of this year the clearly recorded profit from the company of Finnlines navigation of the Neapolitan shipowning group Grimaldi is tripled going up to 18,1 million euros regarding 6,1 million euros in the same period of 2013, while the revenues are dropped of the -4% coming down to 143,7 million euros respect to a volume of transactions of 149,7 million euros in the quarter July-september last year. EBITDA and EBIT are increased respective of +29% and +95% to 36,9 million and 22,9 million euros.
In the period July-september of the 2014 fleet of Finnllines has transported 185 thousand passengers (+3%), 22 thousand motors vehicle (+69%), 609 thousand tons of goods (+5%) and 161 thousand cargo unit (+2%).
In the first nine months of the 2014 company it has totaled a profit clearly of 33,2 million euros on revenues for 413,8 million euros respect to a net loss of -3,9% on revenues for 433,3 million euros in the correspondent period last year. EBITDA and EBIT have recorded increments respective of +44% and +276% to 91,5 million and 48,1 million euros.
"The result of the third trimester of the fiscal year, of 18,1 million euros - it has commented the president and managing director of Finnlines, Emanuele Grimaldi - constitutes for the fourth consecutive trimester a remarkable improvement of beyond 10 million euros regarding the year precedence. The result of the period January-september of the exercise, pairs to 33,2 million euros, is, once again, a result record in eight years. In spite of somewhat uncertain an economic scene, we have been able to improve our profit ulteriorly. The decrease of the surcharge for the bunker has reduced the revenues a little. However the most elevated volumes than loaded they have increased I use it of the ability to our ships and this has diminished our costs and has improved our efficiency. Through operating optimizations, the fuel burnup is reduced in the first nine months of the year of 4.9%, with benefit for the atmosphere and the results of the company".
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In the third trimester of this year the clearly recorded profit from the company of Finnlines navigation of the Neapolitan shipowning group Grimaldi is tripled going up to 18,1 million euros regarding 6,1 million euros in the same period of 2013, while the revenues are dropped of the -4% coming down to 143,7 million euros respect to a volume of transactions of 149,7 million euros in the quarter July-september last year. EBITDA and EBIT are increased respective of +29% and +95% to 36,9 million and 22,9 million euros.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
