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EFFICIENCY PAYS OFF FOR SWEDISH FERRY OPERATOR

Wednesday, April 29, 2020 

Scandlines has reported stable revenue for 2019, despite soft economic indicators in Sweden and Germany resulting in a slight drop in traffic volume and income, with revenue from its two ferry routes unchanged for the year.

The company says its solid profitability level was secured mainly by means of cost control measures compensating for the lower traffic volumes during the year. It continues to see potential for improvement in the coming years as efforts continue to optimise and develop the business.

CEO Søren Poulsgaard Jensen said: ”We continued to strengthen and develop our business, enabling us to deliver stable earnings in 2019 and further underpinning a sustainable future for Scandlines as a highly competitive, reliable and increasingly green part of European infrastructure. We have considered green investments and initiatives an integral part of our strategy for many years and a clear precondition for ensuring long-term competitiveness in our market. The commissioning and success of our green hybrid ferries on the Rostock-Gedser route has underlined this point, and we continued on this path in 2019 as we installed new thrusters on M/V Schleswig-Holstein operating the Puttgarden-Rødby route and prepared the installation of a custom-made 30m-high rotor sail on M/V Copenhagen.”

Scandlines’ green investments are said to be continuing in 2020 with the aim of making the Puttgarden-Rødby route a zero emission crossing.

However, short to medium term prospects are far from certain. “We saw relatively stable business developments in the first months of 2020, but the outbreak of Covid-19 across Europe and subsequent travel restrictions entail a high degree of uncertainty and very limited visibility for the remainder of the year... We have continued operations to serve our freight segment ensuring critical deliveries of goods, medicine and other necessities,” said Jensen.

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