The Finnlines Group’s revenue in the period January–December 2024 amounted to €699.3 million (US$727.2 million) (680.7 in 2023) million, an increase of three per cent compared to the corresponding period in 2023 (€680.7 million; US$707.9 million).
EBITDA for full year 2024 meanwhile amounted to €162 million (US$168 million) compared to €166.3 million (US$172.8 million) in the previous year.
The cargo volumes transported during January–December 2024 totalled around 782,000 cargo units (710,000 in 2023), 85,000 cars (not including passengers' cars) (156,000 in 2023), and 1.234 million tonnes (1.344 million in 2023) of freight not possible to measure in units.
In addition, some 936,000 private and commercial passengers were transported (695,000 in 2023).
During the past few years, Finnlines has mostly developed its new routes outside Finland to reduce its dependency solely on the Finnish market. In 2022, Finnlines launched a freight service between Rosslare, Ireland, and Zeebrügge, Belgium.
Demand for direct, scheduled freight services from Ireland to Continental Europe grew in the wake of UK leaving the EU. In April 2024, a freight and passenger line was opened between Malmö, Sweden, and Świnoujście, Poland.
The Port of Świnoujście has good road connections to Southern Poland, the Czech Republic, Slovakia and other Central Eastern European countries. Malmö, in turn, is the gateway to Scandinavia and via the Öresund Bridge to Denmark and other destinations in the European continent.
In the autumn, Finnlines moved its freight services to and from Britain to the Port of London Medway, into Sheerness, in the south-eastern part of UK.
Finnlines has renewed its fleet during the past few years with three large-sized hybrid Finneco Ro-Ro vessels and two large-sized hybrid Superstar-class Ro-Pax vessels, and has now completed its €500 million (US$520 million) Green Investment Programme.
Finnlines is currently considering a further investment of €500 million in three new Ro-Pax vessels to be powered by methanol engines that can also run on other fuels. These multi-fuel vessels are projected to enter into service at the beginning of 2028.