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Guest Kernow

2009 accounts

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Guest Kernow

On Friday the company published its figures for 2009 in line with forecasts.

Turnover 332.3million euros, a fall of 11%.

Operating loss of 5.672million euros, essentially due to 15% fall in value of the pound (85% of turnover is in sterling).

2,571,000 passengers (-5.2%), 789,000 cars and 195,000 commercial vehicles. Freight -17%.

Figures match forecasts and company says the business is holding up better than for other cross-channel operators. (Overall in the Channel there is said to be a fall of 8.5% in passenger numbers and 16% in freight including ferries and the tunnel)

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Re: 2009 accounts

 

On Friday the company published its figures for 2009 in line with forecasts.

Turnover 332.3million euros, a fall of 11%.

Operating loss of 5.672million euros, essentially due to 15% fall in value of the pound (85% of turnover is in sterling).

2,571,000 passengers (-5.2%), 789,000 cars and 195,000 commercial vehicles. Freight -17%.

Figures match forecasts and company says the business is holding up better than for other cross-channel operators. (Overall in the Channel there is said to be a fall of 8.5% in passenger numbers and 16% in freight including ferries and the tunnel)

 

As you say in with expectations, I wonder if they had stopped the loss making Barfleur route sooner if they could have substantially reduced the losses?

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Re: 2009 accounts

 

As you say in with expectations, I wonder if they had stopped the loss making Barfleur route sooner if they could have substantially reduced the losses?

 

And what about COTENTIN? It's easy to forget BF haven't totally left Poole. This ship is still there -- but for how much longer? If BARFLEUR wasn't making money, is COTENTIN? If she isn't maybe BF ought to act as soon as appropriate berthing slots become available at Portsmouth.

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Re: 2009 accounts

 

And what about COTENTIN? It's easy to forget BF haven't totally left Poole. This ship is still there -- but for how much longer? If BARFLEUR wasn't making money, is COTENTIN? If she isn't maybe BF ought to act as soon as appropriate berthing slots become available at Portsmouth.

 

But there must be a catchment area that makes Poole attractive to Hauliers, especially with fuel on the increase.

Time will tell...

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Re: 2009 accounts

 

And what about COTENTIN? It's easy to forget BF haven't totally left Poole. This ship is still there -- but for how much longer? If BARFLEUR wasn't making money, is COTENTIN? If she isn't maybe BF ought to act as soon as appropriate berthing slots become available at Portsmouth.

 

As discussed before IMHO it was the suitability of Barfleur and it's Passenger/freight mix rather than the route itself. Two COTENTIN's may make money on the route.

 

As you say it is easy to forget that BF have not left Poole and they are servicing the seasonal passenger traffic with NV this year at least.

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Re: 2009 accounts

 

As you say it is easy to forget that BF have not left Poole and they are servicing the seasonal passenger traffic with NV this year at least.

 

Yes, even many locals seem to think BF have quit Poole altogether, which is maybe why there are large posters for the fastcraft service dotted around the area and in the local press.

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Re: 2009 accounts

 

And what about COTENTIN? It's easy to forget BF haven't totally left Poole. This ship is still there -- but for how much longer? If BARFLEUR wasn't making money, is COTENTIN? If she isn't maybe BF ought to act as soon as appropriate berthing slots become available at Portsmouth.
BF said that the Barfleur had been loosing money for a number of years, so I suspect that they would have been aware of this at the time the Cotentin was ordered. Clearly the Coutances / freight market was seen to still be making ends meet otherwise she wouldn't have been built.

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Re: 2009 accounts

 

That said BF did leave it very late in the build period before finally confirming Coutances would operate out of Poole.

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