From GlobeNewswire: 2025-02-20 02:00:00

AS Tallink Grupp will present its 2024 results in an Investor Webinar today. In 2024, the group carried 5,580,016 passengers, 303,234 cargo units, and 777,592 passenger vehicles, with revenue of EUR 785.8 million, EBITDA of EUR 175.2 million, and a net profit of EUR 40.3 million. The group faced challenges due to low demand and geopolitical tensions.

Operational factors affected AS Tallink Grupp’s revenue in 2024, with 14 vessels in operation, charter agreements extended, and the sale of the cruise ferry Isabelle. The group maintained a net debt of EUR 537.7 million and focused on cost efficiencies. Revenue from core operations decreased, but the Estonia-Finland route showed growth.

In Q4 2024, AS Tallink Grupp carried 1.3 million passengers, with revenue of EUR 183.5 million, EBITDA of EUR 25.7 million, and a net loss of EUR 5.2 million. Factors like low consumer confidence, vessels in lay-up, and loan repayments impacted the financial results. Key figures for Q4 2024 and full-year 2024 were also provided.

The group’s financial position at the end of 2024 showed a net debt of EUR 537.7 million, with cash and cash equivalents of EUR 18.7 million. Investments in 2024 amounted to EUR 22.4 million, focusing on vessel maintenance, repair, and IT system improvements. Dividends of EUR 44.6 million were paid out for the financial year of 2023. Plans for a dividend of 6 cents per share for 2024 were proposed.



Read more at GlobeNewswire:: AS Tallink Grupp Unaudited Consolidated Interim Report for