Independent journal on economy and transport policy
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Finnlines has closed the first trimester with a profit clearly of 8,3 million euros
Revenues down of -10,0%. The EBITDA has recorded an increase of +42.9%
May 11, 2016
The company of Finnlines navigation of the Neapolitan shipowning group Grimaldi has concluded the first trimester of 2016 with a profit clearly of 8,3 million euros regarding 632 thousand euros in the first three months last year. An important increment of the economic result clearly against a reduction of the -10,0% of the revenues, that they are come down to 105,2 million euros. Such bending - it has explained today the company - is attributable mainly to the decrease of the bunker surcharge applied to transported cargos. The EBITDA has recorded an increase of +42.9% being is pairs to 25,3 million euros.
Specifying that the result of the first trimester of this year has been online with the expectations, the president and managing director of Finnlines, Emanuele Grimaldi, has specified that "the correspondent first trimester of 2015 is weighed on the breaking in basin of various ships for the installation of the scrubber. This year - Grimaldi has explained - we have operated with 21 ships and therefore this first trimester, with an uninterrupted service for our customers, has carried turned out better. Moreover we have been able to instead use the less expensive Heavy Oil Fuel that Marine Diesel Oil on the ships equipped with the scrubber. Even if this has not contributed directly to our profits as we have transferred this benefit on our customers through the relative clause to the bunker, however it has allowed to offer to lowlands rates to us to our customers and with this we can have a higher percentage than I use of the ability to our ships. To January also we have received in delivery two ships, the Finncarrier and the Finnmaster, and new scrubber they are installed on both. These ships currently operate in the within of our service for the United Kingdom".
In the first three months of the 2016 fleet of Finnlines it has transported about 153 thousand cargo unit (150 thousand in the first trimester of 2015) 31 thousand motor vehicles not to the continuation of the passengers (33 thousand), 369 thousand tons of cargos not unitizzati (480 thousand) and about 113 thousand fleeting (103 thousand).
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The company of Finnlines navigation of the Neapolitan shipowning group Grimaldi has concluded the first trimester of 2016 with a profit clearly of 8,3 million euros regarding 632 thousand euros in the first three months last year. An important increment of the economic result clearly against a reduction of the -10,0% of the revenues, that they are come down to 105,2 million euros. Such bending - it has explained today the company - is attributable mainly to the decrease of the bunker surcharge applied to transported cargos. The EBITDA has recorded an increase of +42.9% being is pairs to 25,3 million euros.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
