Finnlines - Company Announcement

The re-structuring of Finnlines Deutschland GmbH has been finalised. The company concentrates solely on agency activities in the future. Finnlines Plc writes off EUR 33.5 million on the book value of Finnlines Deutschland GmbH’s shares.

Helsinki, Finland, 2015-01-26 14:40 CET (GLOBE NEWSWIRE) -- Finnlines  Plc     
                                   Stock Exchange Release  26 January 2015 at
15:40 









THE RE-STRUCTURING OF FINNLINES DEUTSCHLAND GMBH HAS BEEN FINALISED. THE
COMPANY CONCENTRATES SOLELY ON AGENCY ACTIVITIES IN THE FUTURE. FINNLINES PLC
WRITES OFF EUR 33.5 MILLION ON THE BOOK VALUE OF FINNLINES DEUTSCHLAND GMBH'S
SHARES. 



Finnlines Deutschland GmbH concentrates solely on the provision of agency
services to the Finnlines Group companies. Finnlines Plc will recognise in its
financial statements for the year 2014 a write-off of EUR 33.5 million on the
book value of the shares of its German subsidiary, Finnlines Deutschland GmbH. 



The write-off has no effect on the Finnlines Group's result for the year 2014,
but it has a negative effect of EUR 33.5 million on Finnlines Plc's result for
the period. The write-off is treated as a non-recurring expense and it does not
have a cash flow effect. 









Finnlines Plc







Tom Pippingsköld                   Tapani Voionmaa

CFO                                       Group General Counsel







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About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the
Baltic Sea and the North Sea. The Company is listed on the NASDAQ OMX Helsinki
Ltd and is a part of the Grimaldi Group, one of the world's largest operators
of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe
for both passengers and freight. This affiliation enables Finnlines to offer
liner services to and from any destination in the Mediterranean, West Africa as
well as the Atlantic coast of both North and South America. 

www.finnlines.com