Tallink Grupp publishes 2024 September and Q3 passenger and cargo transport statistics

tallink.com | 2024.10.03

Tallink Grupp has today published to the stock exchange the company’s 2024 September and third quarter passenger and cargo transport statistics.

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According to the statistics, Tallink Grupp transported a total of 404 143 passengers in September 2024, which is a 0.7% increase compared to last September (401 520 in September 2023). The number of cargo units carried by the company’s vessels in the month decreased by 10.2% compared to September 2023 to 23 178 units (25 823 units in September 2023) and the number of passenger vehicles also decreased compared to the previous year by 3.5%, totalling 59 455 passenger vehicles carried (61 602 in September 2023).

In the third quarter of the year (July – September) the company transported a total 1 715 496 passengers, which is a 3.4% decrease compared to Q3 2023 (1 775 821 passengers in Q3 2023). The number of transported cargo units decreased in Q3 2024 by 11.7% compared to the same period in 2023 and totalled 66 865 units (75 701 units in Q3 2023). The number of passenger vehicles carried in Q3 2024 also decreased, by 8.3%, compared to the same period last year and totalled 250 810 vehicles (273 514 vehicles in Q3 2023).

Commenting on the statistics, Paavo Nõgene, CEO of Tallink Grupp said:
„The passenger numbers of one of the key quarters for our business are a sign of the current times and are, considering the low consumer confidence at a time of increasing prices and economic uncertainties, to be expected. On the positive note, September delivered better results than anticipated, while the summer month August could have been somewhat better. But overall, the picture we are seeing, is the picture we anticipated.

“A positive trend that we noticed during the summer is the return and increase of international passengers to the Baltic Sea after many years of really low international passenger numbers. So, while passenger numbers from our home markets remain under pressure due to economic challenges, it is pleasing that the numbers of passengers from further afield are again on the rise, especially from Asian countries.

“The overall economic environment is waiting for any positive news and developments from our key expert markets, which would have a positive impact on the cargo transport segment.“