Color Group reported satisfactory results for H1 2025, despite fewer passengers and freight units compared to 2024.

• Revenue: NOK 2.9bn (down NOK 30m vs 2024)
• EBITDA: NOK 255m (vs NOK 389m in 2024, which included a NOK 45m one-off gain)
• Volumes: 1.6m passengers, 76,000 freight units (12-m equivalents)

CEO Trond Kleivdal

• Demand for routes and products remains high.
• Lower activity due to:
  • Extended shipyard stays for environmental upgrades.
  • Weak freight market.
  • Reduced travel appetite in Norway from weak krone.
• Group expects a satisfactory annual result. Growth expected in foreign markets.
• On track with green transition and digital transformation.

Kleivdal warned of rising climate costs hitting the industry:

• EU Emissions Trading System already adds significant costs.
• IMO rules from 2028 could lead to double taxation on emissions.
• Calls on Norway to ensure the industry is not unfairly exposed.

Click on the cover below to access the report