On 12 March the Company announced that it had received a notification from Íslandsbanki, acting as market maker for the Company's shares, activating a condition deviation clause in the Market Making Agreement under unforseen circumstances.
Thursday, June 4, 2020
The co-operation between Eimskip and the national carrier of Greenland, Royal Arctic Line (RAL), will commence on 12 June when RAL‘s new vessel Tukuma Arctica sails from Denmark to Iceland. Eimskip’s new vessel Dettifoss was delivered in China at the end of April and is now on her journey to Europe. Dettifoss will be a part of the co-operation early July when commencing her route from Aarhus to Iceland. It is estimated that Eimskip’s second newbu…
Friday, May 29, 2020
HIGHLIGHTS OF Q1 2020 RESULTS
Tuesday, May 19, 2020
Investor meeting on 20 May 2020
Tuesday, May 12, 2020
In a court hearing today in the civil case that was filed against the Icelandic Competition Authority last November the company stated that it would dismiss the civil action. The case will be concluded in the coming days with a verdict from Reykjavik District Court where a conclusion will also be made on litigation costs. The reason for this decision relates to the unprecedented circumstances in the society.
Wednesday, April 29, 2020
Streamlining measures will be made within Eimskip today. For the past fifteen months the Company has taken many steps on its journey to streamline and integrate its operations, and a part of the measures taken today are linked to that journey. In addition, the uncertainty both in the Icelandic and global economy due to the COVID-19 pandemic has affected the extent of these measures.
Tuesday, April 28, 2020
Attached is an announcement regarding changes in company‘s own shares from Eimskipafélag Íslands hf.
Tuesday, April 7, 2020
“The Financial Supervisory Authority of the Central Bank of Iceland has today decided to grant Samherji Holding an exemption from mandatory bid obligation in Eimskipafélag Íslands hf. Given the current situation across financial markets, both in Iceland and the world, the conditions for exemption in Article 100.5 of the Icelandic Act on Securities Transactions are fulfilled.
Tuesday, March 31, 2020
Eimskip will in early April temporarily adjust the Company’s container sailing system. The adjustments are part of Eimskip’s operational measures to respond to effects of the COVID-19 pandemic. The adjusted sailing system will provide similar service level from key ports with the shortest transit time available from continental Europe, Scandinavia and UK to Iceland and Faroe Islands. In relation to these adjustments the Company will operate two f…
Tuesday, March 31, 2020
Enclosed are the results of the Annual General Meeting of Eimskipafélag Íslands hf. held today, Thursday 26 March 2020, and updated Articles of Association of the Company.
Thursday, March 26, 2020
Eimskip has published its Annual Report for the year 2019.
Wednesday, March 25, 2020
Eimskip has decided to withdraw its guidance for 2020 due to uncertainty surrounding the COVID-19 pandemic. The increasing negative impact on global economies, including in the North-Atlantic Region which is the Company’s core market area, is likely to affect sales and profitability in coming weeks and months.
Wednesday, March 25, 2020
The Icelandic government has enforced stricter measures in Iceland to halt the spread of Covid-19 infections, following a swift diagnosis of such cases. The measures are based on recommendations from the Chief Epidemiologist to Iceland’s Minister of Health, i.a. a ban on gatherings of 20 people or more. Eimskip is an important company in its core market in the North Atlantic and must at these unprecedented times secure and maintain its logistics…
Monday, March 23, 2020
Attached is a major shareholder announcement from Eimskipafélag Íslands hf. on behalf of Samherji Holding ehf.
Monday, March 23, 2020
Deadline for declaring candidacy has passed. According to the Company's Articles of Association the Annual General Meeting elects five members and two alternate members for the Board of Directors and therefore the candidates will be elected to the Board of Directors without ballot at the meeting. Information on the candidates is attached.
Sunday, March 22, 2020
Samherji Holding ehf., a company affiliated with Samherji, has submitted a notice to the Central Bank of Iceland's Financial Supervisory Authority, requesting an exemption from mandatory bid obligation after the company exceeded the 30% threshold in ownership in Eimskip.
Friday, March 20, 2020
On 12 March the Board of Directors of Eimskipafélag Íslands hf. published its proposals to the 2020 Annual General Meeting.
Tuesday, March 17, 2020
Enclosed is the final agenda and proposals from the Board of Directors for the 2020 Annual General Meeting
Thursday, March 12, 2020
Eimskipafélag Íslands hf. has received a notification from Íslandsbanka hf., which acts as a market maker for the Company‘ shares. The market maker will make ask bid offers but will deviate from terms of the agreement on minimum bid-ask spread and offered volume, due to unusual market circumstances.
Thursday, March 12, 2020
Eimskip has received a notification from Samherji Holding ehf. to be published following the major shareholder announcement
Wednesday, March 11, 2020
Attached is a major shareholder announcement from Eimskipafélag Íslands hf. on behalf of Samherji Holding ehf.
Wednesday, March 11, 2020
Eimskipafélag Íslands hf.'s Annual General Meeting will be held on Thursday 26 March 2020 at 16:00 at the company's headquarters, Korngarðar 2, Reykjavík, Iceland.
Thursday, March 5, 2020
Eimskipafélag Íslands hf. has renewed its market making agreement with Islandsbanki hf. effective as of 3 March 2020 whereas the bank undertakes to act as market maker for the Company’s shares listed on Nasdaq Iceland.
Tuesday, March 3, 2020
Friday, February 28, 2020
Highlights of the year 2019 results
Thursday, February 27, 2020
Investor meeting on 28 February 2020
Thursday, February 20, 2020
Organizational changes will be made at Eimskip today. Björn Einarsson will take on the role of Executive Vice President of a new integrated division, Iceland Sales and Business Management. The following business units are part of this new division: Import and Export to and from Iceland which previously belonged to the Sales division and the freight forwarding unit TVG-Zimsen which is a subsidiary of Eimskip.
Tuesday, February 18, 2020
According to preliminary results for the fourth quarter of 2019, EBITDA for the year 2019 will be below management expectations. Estimated EBITDA is in the range EUR 49 - 50 million compared to the Company’s updated EBITDA guidance for the year 2019 of EUR 52-55 million.
Friday, February 7, 2020
Today the Court of Appeal ruled on the second claim of the Company towards the Icelandic Competition Authority, based on Article 102 of the Icelandic criminal procedures act, claiming that the seized documents from two dawn raids should be returned and all copies destroyed. Reykjavik District Court rejected the second claim on 18 December and today the Court of Appeal confirmed that verdict. The Court of Appeal stipulates that the Company can use…
Friday, February 7, 2020
In week 4 2020 Eimskip purchased 276,740 of its own shares, at a purchase price of 51,439,048 as further stipulated below:
Friday, February 7, 2020
In week 3 2020 Eimskip purchased 345,925 of its own shares, at a purchase price of ISK 65,950,601 as further stipulated below:
Friday, February 7, 2020
Reference is made to a press release from 19 May regarding the claim of the former CEO that the investigation of the District Prosecutor should be ceased. Today the Reykjavik District Court ruled in this case and rejected the claim. Gylfi will refer this ruling to the Court of Appeal.
Friday, February 7, 2020
In week 2 2020 Eimskip purchased 345,925 of its own shares, at a purchase price of ISK 65,933,305 as further stipulated below:
Friday, February 7, 2020
In week 1 2020 Eimskip purchased 138,370 of its own shares, at a purchase price of ISK 26,082,745 as further stipulated below:
Friday, February 7, 2020
In week 52 2019 Eimskip purchased 138.370 of its own shares, at a purchase price of ISK 25.978.968 as further stipulated below:
Friday, February 7, 2020
In week 51 2019 Eimskip purchased 344,740 of its own shares, at a purchase price of ISK 64,775,343 as further stipulated below:
Friday, February 7, 2020
Reference is made to a press release from 19 May regarding the claim of the former CEO that the investigation of the District Prosecutor should be ceased.
Friday, February 7, 2020
Eimskip has made an agreement to sell two container vessels for USD 3.9 million (EUR 3.5 million). The 1457 TEUS container vessels Godafoss and Laxfoss are 24 years old and have been operated by Eimskip for nearly 20 years. Eimskip has parallel to the sale made an agreement with the buyer to charter the vessels back.
Friday, February 7, 2020
Reference is made to press releases from 30 June, 10 and 25 October regarding Eimskip‘s claim towards the Icelandic Competition Authority‘s (ICA) investigation, based on Article 102 of the Icelandic criminal procedure act claiming that the investigation conducted by the Icelandic Competition Authority on the Company and its subsidiaries, which has been ongoing for nearly a decade, is ceased.
Friday, February 7, 2020
Today the Supreme Court of Iceland rendered a judgment in the case of Eimskipafélag Íslands hf. against the Financial Supervisory Authority and the Icelandic Government.
Friday, February 7, 2020
In week 50 2019 Eimskip purchased 345,925 of its own shares, at a purchase price of ISK 65,379,825 as further stipulated below:
Friday, February 7, 2020
Earlier today Eimskip received second statement of objections from the Icelandic Competition Authority which is a part of the procedure in the investigation that has been ongoing for nearly a decade. The Company is now first presented with exhaustive accusations in the investigation. The statement contains the preliminary assessment of the Icelandic Competition Authority, but is neither an administrative act nor a binding decision. The purpose of…
Friday, February 7, 2020
Reference is made to a press release from 19 May regarding the claim of the former CEO, Gylfi Sigfússon, that the investigation of the District Prosecutor should be ceased.
Friday, February 7, 2020
In week 49 2019 Eimskip purchased 254,470 of its own shares, at a purchase price of ISK 44,778,905 as further stipulated below:
Friday, February 7, 2020
Fourth quarter 2019, 27 February 2020
Thursday, February 6, 2020
The Board of Directors of Eimskip decided today to initiate a share buy-back program in accordance with approval of Eimskip shareholders’ meeting on 24 July 2018 with the main purpose of reducing the company’s share capital.
Thursday, February 6, 2020
Eimskip has made an agreement to sell three of the Company‘s reefer vessels in Norway for USD 12 million (EUR 10.9 million). These vessels, Langfoss, Stigfoss and Vidfoss, are 30 years old and have been operated by Eimskip in Norway for 20 years and owned by the Company for the last 8 years. Eimskip has parallel to the sale agreed to charter one of the divested vessels for the next two years.
Thursday, February 6, 2020
Revenue amounted to EUR 172.5 million, a decrease of EUR 9.6 million or 5.3% when compared with the same quarter in 2018
Tuesday, January 28, 2020
EIMSKIP’S NET EARNINGS GREW BY 30.8% FROM PREVIOUS YEAR
•Revenue EUR 499.6 million, up by EUR 48.0 million or 10.6% from 2014 •EBITDA EUR 45.2 million compared to EUR 38.5 million or up by 17.3% from 2014 •Net earnings EUR 17.8 million compared to EUR 13.6 million or up by 30.8% from 2014 •Transported volume in North Atlantic liner services up by 4.2% from 2014 •Transported volume in reefer forwarding services up by 7.5% from 2014 •Equity ratio…
Tuesday, March 1, 2016
Reykjavík, April 8th 2015. Íslandsbanki and Eimskip have signed a loan agreement for EUR 10 million for the development of a 10,000 tonne capacity cold storage facility on company premises in Hafnarfjordur. The loan is for a term of 25 years. In addition, a credit line for EUR 12 million was signed in order to support further growth.The first phase of the new facility is expected to be ready for use next Autumn and the project finalised in the en…
Wednesday, May 27, 2015
Eimskip has acquired all shares in Seatours (Sæferdir ehf.) in Stykkishólmur, Iceland. Seatours offers sea-related tourist services and operates the boats Baldur and Særún in Breidafjordur. By the acquisition, Eimskip is taking steps in further strengthening its sea-related tourist services, but the company has in recent years operated the ferry Herjólfur on a time charter for the Icelandic Road and Coastal Administration (IRCA), serving sea tran…
Wednesday, May 27, 2015