Wasaline: Strong First Quarter
Wasaline reports a strong first quarter for 2025. Revenue increased by 7.5%, setting a new record for the first quarter of the year. Both passenger traffic for cars and buses reached record levels. The freight business also showed a strong quarter, with a 10% increase. Despite March 2024 being an exceptionally strong month, cargo increased in both the number of units and in tonnage during the first quarter of the year.Energy consumption decreased by a total of 19.5%, even though the number of trips increased by 2.8%. Pertrip, energy consumption dropped by 21.7%, and carbon dioxide emissions were reduced by 23.2% fromalready low levels.
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.
