The Finnish shipping company Finnlines of the group Italian shipowner Grimaldi closed the first quarter of 2019 2024 with revenues of €162.2 million, down by -0.6% compared to the same period last year. Accentuated the increase in operating costs, which amounted to €157.1 million (+12,0%). EBITDA amounted to €30.1 million (-33.8%), operating profit of €6.8 million (-70.8%) and operating profit was almost zero compared to a net profit of 21.5 million euros in the first three months of 2023.

In the first quarter of this year, the fleet of ro-pax vessels of the Finnlines transported 184,000 trucks (+5% approximately), 27,000 cars not accompanying passengers (-37%), 285 thousand tons of other loads (-16%) and 153 thousand passengers (+21%).

"The first quarter of the year," commented the Chairman and CEO of Finnlines, Tom Pippingsköld - was challenging, but Finnlines managed to overcoming obstacles such as high interest rates, inflation, geopolitical tensions and a slowdown in economic growth in Europe. Several political strikes in February and a strike of Four weeks in March-April led to a noticeable drop of Finnlines' earnings. On the result - Pippingsköld pointed out - the start-up costs of two new merchant vessels are also incurred'.