Wasaline 2023 financial results

FinanceWasaline had revenues of EUR 29.1 million (EUR 29.3 million), while the result before appropriations and taxes amounted to EUR 3.2 million (EUR 3.3 million). The passenger side at Wasaline showed an increase compared to 2022, despite the fact that the bookings decreased significantly in the last quarter due to the recession. Passenger volumes increased by 4.4% and turnover by 5.4%. Departures increased by 2.7% to 1,164 departures.

Cargo lost volumes. Mainly, it was imports to Finland that decreased. All shipping to Russia was canceled and demand for paper decreased, which led to the number of cargo units falling by 5.9%.

”The year was challenging due to Russia's invasion of Ukraine, which brought uncertainty to the market and increased costs. Despite that, we have succeeded in further developing the traffic in Kvarken and can present a result that exceeds expectations and enables continued investments in environmental work and prosperous emergency traffic between Finland and Sweden”, says Peter Ståhlberg, Managing Director of Wasaline.

”The personnel are very committed, which enables the shipping company to stand on a stable basis for 2024, which has started well”, Peter Ståhlberg concludes.

During the financial year, further measures have been taken to reduce energy consumption and environmental impacts. Emissions of CO2 have decreased by 23%. During the year, the use of LNG increased. In the autumn, AURORA BOTNIA operated one day a week with certified biogas. Utilization of the battery technology was also optimized. All of this contributed to this decrease.

Since the start of traffic of AURORA BOTNIA in 2021, Wasaline has reduced its CO2 emissions by 29% per trip, and in 2023, CO2 emissions were reduced by 23%.