Paavo Nõgene, CEO of Tallink Grupp © Tallink Grupp
Tallink Grupp publishes passenger and freight statistics for December and the fourth quarter of 2024
Tallink Grupp has published its passenger and freight statistics for December and the fourth quarter of 2024. The statistics provide a complete picture of the number of passengers, passenger vehicles and freight units for the entire year 2024. In 2024, Tallink Grupp transported a total of 5,580,016 passengers, which is a decrease of 2.2% compared to 2023, when the figure amounted to 5,705,600.
An increase in passengers was noted on certain routes:
• Between Sweden and Estonia, the number of passengers increased by 8.0%.
• Between Finland and Estonia, an increase of 2.5% was noted.
• On the other hand, the passenger volume between Sweden and Finland decreased by 15.4%.
The number of passenger vehicles transported decreased by 7.5% compared to the previous year, to a total of 777,592 vehicles (840,881 in 2023). At route level, the development was as follows:
• An increase of 8.8% between Sweden and Estonia.
• A decrease of 6.6% between Finland and Estonia.
• A decrease of 21.2% between Sweden and Finland.
As for freight transport, these were affected by the challenging economic climate during the year, with an overall decrease of 6.4% in the number of units transported compared to 2023. A total of 303,234 freight units were transported (323,990 in 2023). At route level, the following were noted:
• An increase of 3.4% between Sweden and Finland.
• A decrease of 5.1% between Finland and Estonia.
• A decrease of 19.6% between Sweden and Estonia.
Commenting on the full-year statistics for 2024, Paavo Nõgene, CEO of Tallink Grupp, says:
"Despite economic challenges during the year, additional requirements and taxes from the EU, and low consumer confidence in our key markets, the year was ultimately satisfactory. With cautious optimism, we look forward to an economic recovery in the coming year and work to continue chartering out parts of our fleet until our home markets have stabilized. At the same time, we want to remain an attractive and stable dividend stock for our investors.
Dec 2024 | Dec 2023 | Change | Q4 2024 | Q4 2023 | Change | |
Passengers | 460,786 | 491,222 | -6.2% | 1,310,014 | 1,338,921 | -2.2% |
Finland - Sweden | 103,180 | 118,150 | -12.7% | 340,553 | 374,083 | -9.0% |
Estonia - Finland | 308,781 | 321,409 | -3.9% | 843,269 | 831,499 | 1.4% |
Estonia - Sweden | 48,825 | 51,663 | -5.5% | 126,192 | 133,339 | -5.4% |
Cargo Units | 18,851 | 22,514 | -16.3% | 64,606 | 76,198 | -15.2% |
Finland - Sweden | 2,225 | 2,426 | -8.3% | 8,420 | 9,159 | -8.1% |
Estonia - Finland | 13,884 | 16,948 | -18.1% | 46,859 | 55,573 | -15.7% |
Estonia - Sweden | 2,742 | 3,140 | -12.7% | 9,327 | 11,466 | -18.7% |
Passenger Vehicles | 57,955 | 59,577 | -2.7% | 164,586 | 172,972 | -4.8% |
Finland - Sweden | 4,287 | 4,136 | 3.7% | 10,534 | 11,288 | -6.7% |
Estonia - Finland | 51,556 | 53,233 | -3.2% | 149,109 | 156,497 | -4.7% |
Estonia - Sweden | 2,112 | 2,208 | -4.3% | 4,943 | 5,187 | -4.7% |
Jan 03 2025