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AS Tallink Grupp Unaudited Consolidated Interim Report Q1 2021
April 29, 2021 02:30 ET | Source: Tallink Grupp Tallink Grupp Tallinn, ESTONIA
In the first quarter (1 January – 31 March) of the 2021 financial year, Tallink Grupp AS and its subsidiaries (the Group) carried 267 224 passengers, which is 82.9% less than in the first quarter last year. The number of cargo units transported decreased by 14.5% in the same comparison. The Group’s unaudited consolidated revenue decreased by 65.3% or EUR 101.2 million to a total of EUR 53.7 million. Unaudited EBITDA was EUR -6.3 million (EUR -1.3 million in Q1 2020) and unaudited net loss was EUR 34.4 million (net loss of EUR 30.2 million in Q1 2020).
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AS Tallink Grupp Unaudited Consolidated Interim Report Q4 2020
Tallink Grupp AS and its subsidiaries (the Group) carried a total of 3 732 102 passengers, which is 62% passengers less compared to the 2019 financial year. The number of cargo units transported decreased by 5.2% compared to the previous financial year. The Group’s unaudited consolidated revenue amounted to EUR 442.9 million (EUR 949.1 million in 2019). Unaudited EBITDA was EUR 8.0 million (EUR 171.1 million, 2019) and unaudited net loss for the financial year was EUR 108.3 million or EUR 0.16 per share (net profit of EUR 49.7 million or EUR 0.07 per share, 2019).
Impact of Covid-19 and travel restrictions
In the 2020 financial year, the Group’s operations and operating results were strongly influenced by the Covid-19 situation, restrictions on international travel and communications advising against travelling by state authorities. As a result of changes in the operating schedules there were 20% less trips compare
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