Tuesday August 04, 2020

Site-seeing in Rovaniemi

A ride from city centre to Santa Claus Village and back for only €20. Call us at +358 4510 26112 Email: riderovaniemi@gmail.com

Finnlines’ H1 revenue earnings nosedive

Published : 31 Jul 2020, 02:52

  DF Report

Press Release Photo by Finnlines.

The shipping operator Finnlines Group’s revenue earnings declined significantly in the January-June period this year due to the negative impacts of coronavirus outbreak.

The revenue earnings for January-June 2020 was EUR 236.4 million, compared to that of EUR 295.5 million in the corresponding period of 2019, posting a year-on-year decline of 20 per cent, said a press release.

The result for the reporting period was EUR 31.7 million, posting a 32 per cent decrease compared to the result of EUR 46.7 million in the corresponding period of last year.

The COVID-19 pandemic continued its dramatic effects in Europe, including Finland, and operationally, the period was extremely challenging.

The biggest impact has been observed on passenger traffic, which has stopped almost completely. Finnlines, like any other shipping operator, is also suffering from the slowdown in global trade caused by the global pandemic.