Ferry operator Scandlines said its financial performance last year exceeded expectations as group revenue and profits from ordinary activities increased in a year characterised by significant investment, the commissioning of new ferries on the Rostock-Gedser route and upgrading port facilities.
A statement said “the sizeable investment and continued operational improvements of recent years have transformed Scandlines into a piece of crucial infrastructure and made the group more competitive than ever”.
Group revenue grew by 2 per cent to €470 million in 2016 as Scandlines’ traffic on the Rostock-Gedser and Puttgarden-Rødby routes increased revenue from continuing operations by 3 per cent to €333 million due to volume growth. In 2016, the group’s ferries transported 7.6 million passengers, 1.8 million cars and 0.6 million freight units. Freight traffic increased by 16 per cent, and total passengers increased by 10 per cent on the Rostock-Gedser route following the commissioning of two new hybrid ferries.
“After a decade of hard work and significant investment, we have successfully transformed Scandlines from a state-owned ferry operator with multiple routes to a highly specialised and efficient traffic machine operating two high-frequency routes between Germany and Denmark. Today, Scandlines is a crucial piece of infrastructure securing the central transport corridors between our two countries as well as continental Europe and Scandinavia,” said chief executive Søren Poulsgaard Jensen.
Scandlines has launched two new electric hybrid ferries and upgraded port facilities.
“Our efforts and investment of around €320 million over the last three years have cemented our competitiveness for years to come, and our long-term strategy is sustainable after the planned opening of the Fehmarn Belt tunnel in more than a decade from now. We welcome the additional competition from the tunnel, although we continue to communicate our legitimate expectations that applicable German, Danish and EU legislation is respected,” added Mr Jensen.