Finance

Finnlines has reported successful first quarter results. Emanuele Grimaldi, President and CEO (pictured), explained; “The Finnlines Group recorded revenue totalling €157 mill (€124.1 mill in 1Q21) in the first quarter of 2022, an increase of 27%, compared to [Read more...]

DFDS reported strong revenue growth of 52%, driven by acquisitions, higher freight and passenger volumes. EBITDA increased 9% to DKK822 mill. CEO, Torben Carlsen (pictured), said: “We’re satisfied with DFDS’s Q1 performance, which saw us grow our EBITDA [Read more...]

On 11th May, the Irish Continental Group (ICG) issued a trading update, which covered carryings for the year-to-date to 7th May, 2022 and financial information for the first four months of 2022. All the figures were unaudited. Consolidated [Read more...]

German-based leisure company TUI, reported that in 2Q22 of its financial year, EBIT loss almost halved to minus €329.9 mill loss, versus 2Q21’s minus €633 mill. This improvement was driven by a strong operational recovery in the second [Read more...]

Norwegian Cruise Line Holdings (NCLH) reported a GAAP net loss of $1 bill or EPS loss of $2.35 for the first quarter of this year. This was down on the net loss of $1.4 bill or EPS loss [Read more...]

Royal Caribbean Group (RCL) has reported a first quarter 2022 net loss of $1.2 bill and loss per share of $4.58, compared with a loss of $1.1 bill and a loss per share of $4.66 in 1Q21. Adjusted net loss was [Read more...]

Lindblad Expeditions Holdings’ first quarter 2022 tour revenues were $67.8 mill, an increase of $66 mill, compared to the same period in 2021.   This increase was driven by a $49.8 mill rise at the Lindblad segment and [Read more...]

Ferry operator Stena Line´s operational result increased to SEK12,354 mill last year, compared to SEK10,362 mill in 2020, mainly due to strong freight volumes and cost reductions.   In addition, passenger and car volumes improved, as countries eased [Read more...]

Scandlines navigated market volatility and the impact of COVID-19 in 2021 and maintained margins thanks to a dedicated team effort and strict cost control, the company said. Last year, the company invested in a new emission-free freight ferry. [Read more...]

Tallink Grupp’s low season first quarter results were strongly impacted by the Omicron pandemic and the start of the war in Ukraine in late February, the company said in its results roundup. The latter resulted in a sharp [Read more...]