Tallink turnover decreases 3% in second quarter, profit by more than half ({{commentsTotal}})


During Q2 of 2016, Tallink Group earned a net income of 9.8 million euros with a turnover of 245.2 million euros.

Compared to the same period last year, revenue decreased by nearly 9 million euros, or 3.4 percent, and profit by 18.7 million euros, or 66 percent, data from an unaudited interim report show.

According to the company, profitability was affected by a decline in turnover due to a change in income structure, lower fuel consumption, but also sales and marketing expenses, the chartering costs of high-speed craft MS Superstar as well as increased ship operating expenses.

"The second quarter's net sales and operating profits were lower than during the same period last year in connection with the sale of the MS Regina Baltica and MS Silja Festival as well as the expiration of the MS Silja Europa charter party," noted Tallink.

Q2 ship charter revenues decreased by 11.8 million euros compared to the same period in 2015, as fewer ships were chartered out.

The overall number of passengers, however, increased 2.8 percent to 2.42 million during Q2.

Editor: Editor: Aili Sarapik

+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long


Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.