Interim Report Stena Line

Interim report January 1 -June 30, 1999 Highlights for the first six months, 1999 *Revenue, excluding the English Channel operations, rose 6% or SEK 196 million from SEK 3,199 million to SEK 3,395 million. *Income from operations, including the English Channel operations, improved from a loss of SEK 305 million to a gain of SEK 26 million. *The result before income taxes improved from a loss of SEK 530 million to a loss of SEK 233 million for the first six months. The result for the last 12- month period amounts to a loss of SEK 27 million. *EBITDA, excluding English Channel operations, rose 54 % from SEK 171 million to SEK 264 million. *Excluding the English Channel operations and the closed down Halmstad - Grenaa route, the number of passengers and freight units increased by 2% while the number of private cars increased by 3%. *The average ticket fares rose by 3% in Scandinavia and 16% in the UK. Freight rates increased by 2% in Scandinavia and by 9% in the UK. *The abolition of tax and duty free sales was definitely confirmed in the beginning of June. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/08/26/19990826BIT00310/bit0001.doc The full report http://www.bit.se/bitonline/1999/08/26/19990826BIT00310/bit0002.pdf The full report

About Us

Stena Line is one of Europe's leading ferry companies with 36 vessels and 20 routes in Northern Europe. Stena Line is an important part of the European logistics network and develops new intermodal freight solutions by combining transport by rail, road and sea. Stena Line also plays an important role for tourism in Europe with its extensive passenger operations. The company is family-owned, was founded in 1962 and is headquartered in Gothenburg. Stena Line is part of the Stena AB Group, which has about 15 000 employees and an annual turnover of around 36 billion SEK.

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