In the third quarter of 2024, the shipping company Finnlines of the Italian shipping group Grimaldi has recorded a further improvement in financial performance, positive trend that began the previous quarter. In the July-September period of this year, the company's revenues are amounted to 189.2 million euro, with an increase of +7.0% on the previous year. same quarter of 2023. EBITDA was of €57.1 million (+35.6%), operating profit of €34.5 million (+88.0%) and net profit of €27.9 million (+84.6%).

In the third quarter of 2024, Finnlines' ships transported about 355 thousand passengers, with a sharp increase of +40%, and the number of trucks embarked also grew (+11%), with 195 thousand vehicles. On the other hand, the number of cars not in tow is decreasing of passengers, equal to 16 thousand vehicles (-54%), and other goods with 304 thousand tons (-5%).

Commenting on the latest quarterly results, the president and managing director of Finnlines, Tom Pippingsköld, has focused on the impact on the activities of the company of the New European environmental regulations for shipping: «From the beginning of this year - he recalled - maritime transport has been included in the emissions trading scheme. Starting from the year the FuelEU regulation will also enter into force Maritime that will further define the future of shipping. To align with these advanced environmental standards, Finnlines has was forced to sell old ships that were not efficient since the energy point of view or that they did not comply with the new emission regulations and requirements. To comply with the new environmental regulations and achieve lower CO2 emissions, Finnlines has invested over half a billion euros in the most currently available with huge battery banks and other innovative technologies to reduce emissions. For regarding the green transition, Finnlines currently has in tender procedure to select shipbuilders to to order three new ro-pax ships using green fuels, who will join the Finnlines fleet on our route Helsinki-Travemünde. The goal is to sign orders at the end of 2024 or the beginning of 2025".