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Scandlines had record results in 2017

Scandlines had record results in 2017

25-04-2018 11:00:00

Scandlines increased both their revenues and profitability in 2017, due to the expansion of capacity on the Gedser-Rostock route. Revenues increased by 4 percent to 487 million euro, while the operating result before depreciations and special posts rose by 7 percent to 194 million euro.

The company’s progress was primarily due to growth in traffic volume and revenues, while operating costs only increased moderatly.

"There is a steady and strong demand for our services both at sea and on land, as Scandlines is positioned as a highly efficient and competitive piece of infrastructure. It was not easy to reach this market position nor our record results in 2017. We have invested considerable resources and hard work in creating a strong and profitable business.
While others discuss the possibilities for connecting Scandinavia and Europe, we do exactly that every single day. And we are going to continue for decades, as our long-term strategy is sustainable also after the planned opening of the Fehmarn tunnel, "says CEO Søren Poulsgaard Jensen.

The annual result came in at 88 million euro, which is 7 million euro more than the company’s result in 2016.

Scandlines expects a moderate growth in revenue and an improved profitability in 2018, based on an expected progress in capacity extensions on the Gedser-Rostock route and the stabile operating route between Rødby and Puttgarden, as well as in the company’s Bordershops.

Scandlnes currently has more than 550.000 members in their loyalty program, which is still progressing, according to the company. The program gives its members the possibility of earning points that can be used for such things as purchasing tickets online and in Scandlines BorderShops, which had a turnover of 135 million euro.

In the year of 2017, Scandlines ferries had more than 42.000 departures, transported 7,6 million passengers, 1,8 million cars and more than 0,6 freight units.

In March this year, the infrastructure funds First State Investments and Hermes Investment Management joined the company as new owners together with 3i, which continues as minority shareholder.

Source: Scandlines / Maritime Denmark

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