Last €12.76 EUR
Change Today +0.47 / 3.82%
Volume 2.3K
FLG1S On Other Exchanges
Symbol
Exchange
Helsinki
Frankfurt
As of 11:30 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

finnlines oyj (FLG1S) Snapshot

Open
€12.01
Previous Close
€12.29
Day High
€13.58
Day Low
€12.01
52 Week High
07/30/14 - €13.58
52 Week Low
08/12/13 - €5.91
Market Cap
657.2M
Average Volume 10 Days
3.5K
EPS TTM
€0.61
Shares Outstanding
51.5M
EX-Date
04/20/11
P/E TM
21.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for FINNLINES OYJ (FLG1S)

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finnlines oyj (FLG1S) Details

Finnlines Plc operates as a shipping operator of ro-ro and passenger services in the Baltic Sea, the North Sea, and the Bay of Biscay. The company provides shipping and sea transport services under the FinnLink, NordöLink, and TransRussia-Express names. It also offers passenger services on Helsinki-Travemünde, Helsinki-Rostock, Malmö-Travemünde, Naantali-Kapellskär, Lübeck-Ventspils-St.Petersburg, Gdynia-Helsinki, and Gdynia-Rostock routes. In addition, the company offers port services, including stevedoring, cargo handling, depot, container terminals, ship clearance, warehousing, and export and import terminal services in the ports of Helsinki, Turku, and Kotka. It operates an average of 24 vessels. The company is headquartered in Helsinki, Finland. Finnlines Plc is a subsidiary of Grimaldi Group Naples.

1,806 Employees
Last Reported Date: 02/28/14

finnlines oyj (FLG1S) Top Compensated Officers

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Executives, Board Directors

finnlines oyj (FLG1S) Key Developments

Finnlines Plc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014

Finnlines Plc reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the second quarter, the company reported revenue of EUR 143,337,000 compared to EUR 149,707,000 a year ago. Result before interest and taxes were EUR 19,823,000 compared to EUR 6,864,000 a year ago. Result before taxes (EBT) was EUR 14,127,000 compared to EUR 404,000 a year ago. Result for the reporting period was EUR 14,708,000 compared to EUR 910,000 a year ago. Result for the reporting period attributable to the parent company shareholders was EUR 14,706,000 compared to EUR 903,000 a year ago. Undiluted /diluted earnings per share was EUR 0.29 compared to EUR 0.02 a year ago. For the six months ended June 30, 2014, the company reported revenue of EUR 270,140,000 compared to EUR 283,643,000 a year ago. Result before interest and taxes were EUR 25,258,000 compared to EUR 1,032,000 a year ago. Result before taxes (EBT) was EUR 13,771,000 compared to loss before taxes of EUR 11,675,000 a year ago. Result for the reporting period was EUR 15,036,000 compared to loss of EUR 9,997,000 a year ago. Result for the reporting period attributable to the parent company shareholders was EUR 15,061,000 compared to loss attributable to the parent company shareholders of EUR 9,955,000 a year ago. Undiluted /diluted earnings per share was EUR 0.29 compared to undiluted /diluted loss per share of EUR 0.21 a year ago. Net cash generated from operating activities was EUR 31,647,000 compared to EUR 14,943,000 a year ago. Investments in tangible and intangible assets activities was EUR 6,190,000 compared to EUR 4,539,000 a year ago. The company’s Group's result before taxes is expected to continue to be better for the remaining part of 2014 than in the corresponding period in previous year due to several reasons: certain vessels have been sold to cut overcapacity, the number of personnel has been reduced, changes in fleet/routes have increased operational efficiency, fuel consumption has been reduced, overall productivity has been increased, and the interest bearing debt has been reduced.

Finnlines PLC Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

Finnlines PLC announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter the company reported revenue of EUR 126,803,000 compared to EUR 133,935,000 for the same period a year ago. Earnings before interest and taxes were EUR 5,435,000 compared to loss before interest and taxes of EUR 5,832,000 for the same period a year ago. The increased efficiency of the operations in terms of bunker consumption, higher capacity utilization and reduction of costs has improved the financial performance. The result is affected by the seasonality of the cargo volumes, which are typically on a lower level at the turn of the year. The number of passengers is also modest during the autumn/winter period compared to the summer season. Loss before taxes (LBT) was EUR 356,000 against EUR 12,079,000 a year ago. Result for the reporting period was EUR 328,000 against loss for the reporting period of EUR 10,907,000 a year ago. Result for the reporting period attributable to parent company shareholders was EUR 355,000 against loss for the reporting period attributable to parent company shareholders of EUR 10,859,000 a year ago. Undiluted /diluted earnings per share were EUR 0.01 against undiluted /diluted loss per share of 0.23 a year ago. Net cash generated from operating activities was EUR 6,069,000 against net cash used in operating activities of EUR 44,362,000 for the same period a year ago. Investments in tangible and intangible assets were EUR 1,099,000 against EUR 2,750,000 a year ago. The result before taxes is expected to improve in 2014 due to several reasons: certain vessels have been sold to cut overcapacity, the number of personnel has been reduced, changes in fleet/routes have increased operational efficiency, reducing consumption and increasing productivity, and the interest bearing debt has been reduced.

Finnlines Elects APA KPMG Oy Ab as the Auditor

The Annual General Meeting of Finnlines Plc elected APA KPMG Oy Ab as the company's auditor for the fiscal year 2014. It was decided that the external auditors will be reimbursed according to invoice.

 

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Valuation FLG1S Industry Range
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Price/Sales 1.1x
Price/Book 1.3x
Price/Cash Flow 7.7x
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