Tallink posts +4.8% growth in restaurant and shops sales in first nine months of 2016

ESTONIA. Baltic ferry company Tallink Group has reported +4.8% year-on-year growth in restaurant and shops sales in the first nine months of 2016.

Sales in the segment were €393.8 million. The figure includes both onboard and mainland operations.

Tallink said it carried 6.85 million passengers in the period, representing +5.6% growth.

tallink1

Restaurant and shop sales in the third quarter were up +4.0% year-on-year to €146.8 million.

The company recorded +5.7% passenger growth in the quarter, to 2.9 million. “Revenue growth of core operations from onboard and ticket sales was supported by the larger number of passengers travelling with the group’s operated ships,” Tallink said.

tallink2

Overall consolidated revenue for the third quarter was €273.5 million, with growth flat. EBITDA for the quarter amounted to €67.1 million, down -12.6%. Net profit was €42.8 million, representing a -5.3% decline.

Tallink said third quarter profitability was impacted by less revenue from chartering, higher marketing costs, cost of charter of the fast ferry Superstar, and higher ships operating costs.

tallink3

tallink
Tallink posted +4.8% growth in restaurant and shops sales in the first nine months of 2016
Image: AS Tallink Grupp
Food & Beverage The Magazine eZine