Tallink Grupp sees increased traffic and reduced loss

There is a marked improvement compared to the corresponding period in 2025. At the same time, both passenger and freight volumes increased - the number of passengers rose by nearly 7 percent and freight units by over 13 percent. 

- Passenger and freight volumes show a clear upward trend, despite continued geopolitical uncertainty affecting market confidence. This makes the improvement in results particularly positive. The effects of the conflicts in the Middle East have so far been limited, as fuel prices only began to rise in March. If the situation persists, it may affect future results, says Peep Jalakas, CEO of Tallink Grupp in a written comment.

During the quarter, the company continued to adjust its fleet. In March, a charter agreement was signed for the passenger ship Superfast IX, while the future use of the cruise ship Romantika is being investigated after it was returned to the company in the spring.

Maintenance work was carried out on three ships - Baltic Queen, Silja Symphony and Victoria I - over a total of 47 days. Investments in these amounted to just over 14 million euros.

At the same time, the cost base has increased, partly due to changes in the EU emissions trading system where the requirement for the surrender of emission allowances has been raised to 100 percent from the beginning of the year. The company's financial costs, including amortisations and interest, amounted to nearly 15 million euros during the quarter.

- Docking periods always affect volumes, but are necessary to ensure high service quality and operational reliability. At the same time, the increased cost structure drives us to intensify our work on energy efficiency and sustainability. Our shuttle ships between Tallinn and Helsinki are, for example, soon planned to run entirely on biomethane, says Jalakas.

The board of Tallink Grupp intends to propose a dividend of 0.06 euros per share again this year. The annual general meeting will be held on 19 May in Tallinn.