Annual report 2005

The 2005/06 financial year brought profit after financial items of SEK 269 million, compared with SEK 346 million in 2004/05. The prior year figure includes capital gains of SEK 98 million, which means that the profit for 2005/06 can be deemed satisfactory. The main reason for this profit was a very good market for product tankers during the year.

The company has expanded its product tanker newbuil- ding programme in China to include a third vessel, and the company’s partner A/S Dampskibsselskabet TORM has also ordered four vessels of the same type, known as the Gotland class. The company has also entered into a new partnership with Wisby Tankers AB which we hope will be a success for both parties.

The number of passengers on the Gotland service increased by 0.4 per cent last year, which means that passenger numbers have now grown for eight years in a row, and it is high time to increase capacity with an additional vessel in line with the plan on which the development of the service is based.
The delivery of the new high-speed ferry HSC Gotlandia II is part of the company’s efforts to keep pace with developments – or indeed stay one step ahead – in order to meet the needs of the service and its users.

In spring 2006 the Swedish National Public Transport Agency carried out a tender procedure for the operation of the Gotland service during the period 2009-14. The company chose not to submit a tender due to the terms of the under- lying documentation. As no other bids were received, a fresh tender procedure will take place in autumn 2006.

There is currently a large majority on Gotland calling for current service levels to be a minimum requirement in the upcoming tender procedure. For the company’s part, we are prepared both to continue and to enhance the existing concept.

Finally we would like to extend our thanks to employees for their hard work during the year.