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FINLANDIA © Frank Lose
Rederiaktiebolaget Eckerö 2024 financial results
FinanceRederiaktiebolaget Eckerö had sales amounting to EUR 222.9 million in 2024 (EUR 221.5 million), while the operating result reached EUR 22.4 million (EUR 21.4 million). The number of cargo units reached 189,656 (176,351), and a total of 3,121,470 (3,140,221) passengers traveled with the company’s vessels.
Despite the dockings of FINLANDIA and ECKERÖ at the beginning of the year, which resulted in 3% fewer scheduled departures for the company, passenger traffic has developed well. During the period from February to December 2024, a total passenger record was achieved on the company’s two routes).
•The sale of SHIPPER was completed on 22 January, at a sales price of EUR 4.5m. The result effect before taxes was EUR 3.2m.
• Operating result was EUR 22.4m (EUR 21.4m), which is the best operating result ever).
• Adjusted for the sales of SHIPPER (2024) and EXPORTER (2023), the operating result is EUR 19.2m (EUR 17.6m).
• Net result for the year amounted to EUR 15.6m (EUR 11.5m), which is the second-best result ever.
• On the Finland-Estonia route, the passenger market share was 28% (29%) and the market share for cargo was 40% (37%). During the year, the market share between Åland and Sweden was estimated to be over four-fifths of the total travelling on that route.
• Net debt amounted to EUR -6.8m as of 31.12.2024 (EUR 7.2m), which means that the company's cash and cash equivalents now exceed the total interest-bearing liabilities.
Volumes
The total number of passengers travelling with the company's vessels during 2024 reached 3,121,470, which is 0,6% fewer than the full year 2023 (3,140,221). The decrease is due to the extensive dockings of FINLANDIA and ECKERÖ at the beginning of the year, which also led to 3% fewer scheduled departures for the company compared to the last year. The number of transported cargo units on both routes amounted to 189,656, which is 8% more than during the full year 2023 (176,351). On the Finland-Estonia route, the market share for passengers was 28% (29%), and the market share for cargo was 40% (37%). During the full year, the market share for passengers between Åland and Sweden is estimated to be over four-fifths of the total travelling on the route.
Full report https://rederiabeckero.ax/wp-content/uploads/2025/02/Interim-Accounts-31.12.2024.pdf
© Shippax
Feb 27 2025