Tallink Grupp Q3 2016 results

FinanceIn the third quarter (1 July - 30 September) of the 2016 financial year AS Tallink Grupp and its subsidiaries’ (the Group) carried 2.9 million passengers which is 5.7% more compared to the third quarter last year. The number of cargo units transported increased by 6.7% and the number of passenger vehicles transported increased by 6.2% compared to same period last year.

The Group's unaudited consolidated revenue for the third quarter was MEUR 273.5, which is on the same level with the third quarter last year. The Group's unaudited EBITDA for the third quarter amounted to MEUR 67.1 compared to MEUR 76.8 last year and unaudited net profit was MEUR 42.8 million compared to MEUR 45.2 in same period last year.

In the third quarter, the revenue increased in all Group's operated routes. The revenue growth of core operations from onboard and ticket sale was supported by the larger number of passengers travelling with the Group's operated ships. The revenue from chartering of ships is visibly lower as there were fewer ships chartered out compared to third quarter last year. The Group's operating result is lower compared to same period last year mainly due to lower result from chartering and cost of charter of the fast ferry Superstar.

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Nov 14 2016