Wasaline 2024 financial results

FinanceWasaline maintained a good operating result of EUR 2.75 million in 2024 (down from EUR 2.9 million in 2023) despite a 3.7% revenue drop. Cargo metres increased by 3.2% in 2024, and cargo units by 1.4%. The number of passengers decreased by 9.4%. Passenger vehicles declined by 9%, and buses decreased by 1.3%.

The Wasaline result remained at a good level despite the challenging market situation. Due to new regulations, Emission Trading System (ETS) fees were added as a new expense for the company. Wasaline is the only passenger shipping company in Finland that does not have an exemption from this, which naturally affects the competitiveness of the company.

The so-called Island Exemption, which grants relief from paying ETS, applies between Finland and Åland. Wasaline continued its sustainability efforts and managed to reduce total CO2 emissions by 5% in 2024. The use of green shore power increased by 22% during the year.

At the beginning of 2024, the concept of emission-free conferences was introduced on board AURORA BOTNIA. LNG remained the primary fuel, and as a hybrid vessel, AURORA BOTNIA extensively utilised its batteries. Both passengers and cargo customers have been able to offset their journeys to make them climate-neutral. Cargo metres increased by 3.2% in 2024, and cargo units by 1.4%. The number of passengers decreased by 9.4%. Passenger vehicles declined by 9%, and buses decreased by 1.3%. Revenue fell by 3.7%. The operating result amounted to EUR 2.75 million (2023: EUR 2.9 million).

TRAFFIC STATISTICS (numbers)	2024	2023
Departures	1 148	1 164
Passengers	253 218	279 590
Passenger vehicles	59 183	63 647
Cargo units	21 250	20 886

"As we enter 2025, the world continues to be marked by economic uncertainty and an accelerated green transition. Technological advancements, particularly in sustainable innovation, are driving progress, while younger generations are placing increasingly higher demands on environmental and social sustainability. At the same time, trade, supply chains, and businesses globally are being affected by the climate crisis and geopolitical tensions," says Peter Ståhlberg, Managing Director of Wasaline.

"Despite all the challenges, 2025 has started well with increased volumes and strong booking levels for both passengers and cargo. There are many uncertainties related to the current geopolitical situation, which impacts energy costs and emissions trading. However, travel is on the rise again, and sustainable transport is becoming increasingly important," Ståhlberg concludes.

Feb 21 2025