Third consecutive year of economic performances record of the Finnlines



Finnlines, the company of navigation of the Neapolitan shipowning group Grimaldi that work marine services for passengers and vehicles in the Baltic Sea and the Sea of the North, has archived item 2017 with revenues pairs to 536,3 million euros, with an increment of +13.2% on the year precedence. EBITDA and operating profit have grown respective of +9.6% and +15.3% attesting to 152,4 million and 94,0 million euros. The profit clearly is piled to the value record of 82,7 million euros (+21.5%), figure that constitutes last of the three performances anniversaries record recorded consecutively from the company.

Last year the ships of Finnlines have transported 619 thousand passengers (+3% about), 709 thousand unit of cargo (+13%), 147 excluded cars those to the continuation of passengers (+24%) and 1,3 million tons of other cargos (- 21%).

In the solo fourth trimester of the 2017 company has marked an increase of +17.1% of the revenues regarding the same period of 2016, that they are gone up to 131,8 million euros. The EBITDA has been pairs to 31,9 million euros (+38.6%) and the EBIT to 17,3 million euros (+71.9%). The profit clearly has been of 14,9 million euros (+104.5%).

In the quarter October-December last year the fleet of the company has transported about 123 thousand fleeting (+4%), 179 thousand cargo unit (+17%), 46 thousand car (+24%) and 319 thousand tons of other goods (- 25%).

Commenting the results of the company, Emanuele Grimaldi, president and managing director of Finnlines, it has remembered that the society has in existence an important program of widening of own fleet and has announced, confirming the start of the plan of constructions announced last September in the within of event XXI Euromed Convention From Land to organized Sea from the same Grimaldi group(on 29 September 2017), than Finnlines a letter of attempts for the construction of three new ships ro-ro of the unitary ability to 7.300 linear meters has signed, that they will be the greater units of such type to the world.

The plan of constructions is relative to ten ships of class GG5G (Grimaldi Green 5^th Generation), of which you are already fixed and four as an option, that they will be taken in delivery beginning from 2020. The ships will be long 235 meters and wide 34.