Financial Statements Q2 2017

Friday, August 25, 2017

SECOND QUARTER 2017 EBITDA IN LINE WITH EXPECTATIONS
EBITDA forecast for the year 2017 is unchanged, EUR 57 to 63 million

  • Revenue EUR 173.1 million, up by EUR 47.0 million or 37.2% from Q2 2016
    •  Volume in liner services up 3.5%; revenue up EUR 21.5 million or 22.4%
    • Volume in forwarding services up 39.6%; revenue up EUR 25.4 million or 84.3%, of which EUR 22.0 million came from new acquisition
  • EBITDA EUR 16.7 million, up by EUR 0.5 million or 3.2% from Q2 2016
    •  EUR 1.1 million increased expenses related to cargo imbalance in Iceland which will be offset by new container positioning fee in the second hal
  • Net earnings EUR 4.9 million compared to EUR 8.8 million in Q2 2016
    • Mainly reflecting currency exchange movements of EUR 3.2 millio
  • Equity ratio 54.5% and net debt EUR 77.8 million at the end of June
  • EBITDA forecast for the year 2017 unchanged, EBITDA of EUR 57 to 63 million

Open here Second Quarter 2017 Financial Results

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