Tallink Grupp posts net loss of EUR 20.3 million in QI’2017
AS Tallink Grupp says in the first quarter of the 2017 financial year the Group and its subsidiaries carried 1.9 million passengers which is 0.7% less compared to the first quarter last year. The Group’s unaudited revenue for the first quarter decreased by 0.7% to the total of EUR 191.5 million. Unaudited EBITDA for the first quarter was EUR 5.5 million (EUR 16.3 million, Q1 2016) and unaudited net loss was EUR 20.3 million (EUR 12.0 million, Q1 2016 net loss).
In the first quarter, which is also the low season, the Group’s revenue and operating result was impacted by following operational factors:
- The new LNG fast ferry Megastar started to operate the Tallink Shuttle service on Tallinn-Helsinki route.
- Scheduled maintenance of five cruise ferries in the first quarter of 2017, the service breaks totalled to 52 days.
- In financial year 2017 the Easter holidays seasonal traffic fell into the beginning of the second quarter, compared to the first quarter last year.
- Charter and charter related revenue reduced compared to the same period last year due to fewer ships in charter.
- After the rerouting of ships in December 2016, the carriage capacity increased on number of operated routes.
