AS Tallink Grupp: Q1 Sees a Decline in Transportation
In the first quarter of the year, AS Tallink Grupp transported 970,359 passengers, which is 12% less than in the same period last year. There was also a decline in cargo and passenger vehicle transport volumes, as economic uncertainty persisted across the region and part of the fleet was either idle or undergoing extended dry-docking.“In addition to the usual seasonality, the first-quarter passenger numbers reflect the state of the economies in our core markets. Consumer confidence remains low," said Paavo Nõgene, CEO of AS Tallink Grupp. "Four vessels were out of service, and large-scale dry-docking had an impact on passenger numbers.
VIKING Notes 2024 Total Revenue
VIKING Life-Saving Equipment notes a total annual revenue for 2024 of $500 million and pre-tax profit of $65 million. 2024 has seen growth in all customer segments, including commercial shipping, offshore, cruise and ferries, and defense and professional.The figures in recent years mean that VIKING already reached its strategic goals for 2025 last year. The company has now entered a new strategy period and the growth is expected to continue, but at a more normal pace.Key figures over the past five years.
SAAM Reports '24 Results
SAAM (SM SAAM) reported net income from continuing operations of $59.2 million for 2024, EBITDA of $188 million (+17% vs. 2023) and revenue of $578 million (+7%). During the year it also completed the process of integrating the assets acquired from Starnav in Brazil and Pertraly in Ecuador. It also reported net income from discontinued operations of $479 million from its port terminal and inland logistics operations sold in August 2023. The company also reported that the Board of Directors agreed to propose a final dividend of $39.2 million to shareholders at the annual general meeting.
