Norled Q2 results released
Aug 28 2020
FinanceBy virtue of being a domestic fjord ferry operator, Norled has so far been less impacted by the COVID-19 crisis. Revenues dropped on the back of onboard kiosks that remained closed and the start-up of the typical tourist routes that was postponed. There was also a modified contract portfolio whereby five contracts ended at the end 2019 and only four new ones started on 1 January 2020. Total revenue for Q2 ended at NOK 478 million (NOK 605 million), while EBITDA ended at NOK 118 million (NOK 147 million).
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