Viking explores IPO

Viking Holdings has publicly filed a registration statement with the US Securities and Exchange Commission (SEC) regarding a proposed initial public offering (IPO) of its ordinary shares. The number of ordinary shares to be offered and the price range have not yet been determined. The [Read more...]

2024-04-14T14:38:05+00:00 April 14th, 2024|Finance|

Attica reveals improved results

Large Greek ferry conglomerate, Attica Holdings has posted an improvement of its finances. Revenue reached €588.3 mill, EBITDA stood at €126.4 mill, while net income after taxes amounted to €61.2 mill. This marks the first announcement of financial results following the merger of ANEK, wherein [Read more...]

2024-04-14T14:35:43+00:00 April 14th, 2024|Finance|

Carnival Corp on a roll

Carnival Corp has reported record first quarter revenues of $5.4 bill with record net yields (in constant currency) and record net per diems (in constant currency). The Group improved its first quarter bottom line by nearly $500 mill, compared to 2023 and the adjusted net loss was [Read more...]

2024-03-27T19:58:36+00:00 March 27th, 2024|Finance|

Ferry Division lifts ICG’s EBITDA

Ferry, terminal, container and logistics conglomerate, Irish Continental Group (ICG), saw last year’s revenue decrease by €12.9 mill (2.2%) to €572 mill. EBITDA increased by €5.4 mill to €132.6 mill, primarily due to a strong performance in the Ferries Division, which includes Irish Ferries. Within [Read more...]

2024-03-27T19:22:45+00:00 March 27th, 2024|Finance|

Color Line reports record year

Norwegian ferry company, Color Line, has reported the best earnings in its history. This was powered by high demand, stable production and increasingly more cost-effective operations and provides a solid point of departure for further commercial development and the green transition in the coming years, [Read more...]

2024-03-27T18:24:07+00:00 March 27th, 2024|Finance|

Fincantieri enjoys revenue increase

Italian engineering conglomerate, Fincantieri has reported a 2.8% rise in revenues to €7,651 mill in 2023, compared to €7,440 mill for the previous year. EBITDA was up 80% year-on-year at €397 mill, compared to €221 mill in 2022. EBIT was €162 mill, which was a strong recovery versus 2022 (negative €10 [Read more...]

2024-03-15T18:51:16+00:00 March 15th, 2024|Finance|

Rederi Eckero enjoys sales boost

Swedish ferry operator Rederi AB Eckero reported that  3,140,221 pax travelled on the company's vessels last year, an increase of 20%, compared to 2022. The number of cargo units reached 176,351, representing an 11% increase, compared to the previous year. Sales also increased by 19% [Read more...]

2024-03-15T18:14:03+00:00 March 15th, 2024|Finance|