Disko Line will be released in 2025 with a result of DKK 3,454,000 against DKK 2,796,000 in 2024.
This is shown in the company’s annual accounts, which were published last week.
Disko Line will be released in 2025 with a result of DKK 3,454,000 against DKK 2,796,000 in 2024.
This is shown in the company’s annual accounts, which were published last week.
Despite the black figures, the company itself describes the result as unsatisfactory in the management report. The good result is due to extraordinary income of 3,304,000, which was not included in the budget for 2025 – and that therefore sends the ordinary operating result down to a paltry 150,000 kroner.
– The extraordinary income comes from the sale of a staff residence in Qaqortoq as well as two targas in connection with the fact that we have optimized operations in South Greenland, says CEO Michael Højbjerg.
Last year, Disko Line merged the subsidiary Blue Ice Explorer into the parent company to streamline operations when Narsarsuaq was closed down and the new airport in Qaqortoq opened.
The pressure of rising wages
– Still, Disko Line is under pressure on costs – primarily rising wages for the sailing staff, but also because the service contract with Naalakkersuisut for the local sailing is curtailed after the closure of Narsarsuaq. The agreement will not be index-regulated as a result of inflation, says Michael Højgaard.
– We will also have more employees in 2025 than in 2024 – partly because in the autumn we put the new building Maliina Ittuk with room for 113 passengers on the route between Qaqortoq and Narsarsuaq.
Maliina Ittuk, which in the accounts is booked at a value of DKK 101,724,911.00, has now been put up for sale through the shipbroker company Atlantic Shipping. Immediately after the opening of the airport in Qaqortoq, Maliina Ittuk was taken out of service and moved to Nuuk, where the ship is now at the shipyard waiting for potential buyers.
– For the coming financial year, it is our goal to reduce the company’s cost level significantly. The sale of Maliina Itttuk is expected to contribute significantly to this objective, says Michael Højgaard.
– If we look at operations in general in 2025, it shows generally good rates. If the sale of Maliina Ittuk goes according to plan, I expect an operating result for 2026 in the order of two to three million kroner.
Igaliku Bygdehotel is transferred to the parent company
Disko Line is part of the Topas Explorer Group, which is in the process of developing towards specialized divisions. As part of this development, the operation of Igaliku Bygdehotel is expected to be transferred from Disko Line to the group’s hotel division.
– The opening of the new airport in Qaqortoq means big changes for us in the future. The airport will support growth in tourism and activities, so we are looking forward to the future, says Michael Højgaard, who however does not hide that the closure of Narsarsuaq was a sad day for many of the company’s employees in South Greenland.
– A great many of them started in Narsarsuaq and have lived there for many years, so of course everyone was very moved when it became a reality.
In addition to South Greenland, Disko Line also operates service contract sailings and tour operations in the Disko area, where the company’s head office is also located in Ilulissat.
The board of Disko Line consists of Topas founder Jørgen Sølvsten Nielsen as chairman, as well as Jakob Sølvsten Nielsen and Michael Højgaard.
