Investors new

Eimskip: Q2 2026 financial results Tuesday, August 25, 2026 Positive results in the quarter, supported by strengthened underlying operations and a broad range of initiatives implemented in recent months to improve the Company’s operations. The results were in line with the same period last year despite a challenging operating environment. Q2 2026 highlightsRevenue in the second quarter amounted to EUR 225.4 million and increased by EUR 23.1 million, or 11.4%, from the same period last year. The revenue growth can mainly be explained by higher global freight rates, increased oil prices and strong volume, in addition to special cargo shipments having a positive impact on international freight forwarding during the quarter.Revenue in Liner increased by EUR 9.9 million, or 10.2%, while volume decreased by 2.4% during the period. Overall, Iceland-related volume was strong despite lower industry-related exports.Forwarding revenue increased by EUR 13.6 million, or 21.2%, driven by increased volume, higher global freight rates and several successful special cargo projects during the quarter.Revenue in Logistics and agency services remained stable. The results were supported by high activity in trucking and harbor operations, despite lower volume impacting warehousing and cold storage.Operating expenses amounted to EUR 204.1 million and increased by EUR 23.0 million, or 12.7%, year-on-year. The increase is primarily due to the impact of geopolitical tension in the Middle East, which led to higher bunker cost, higher global freight rates, increased trucking cost, as well as higher vessel chartering costs. The Company’s bunker cost increased by EUR 5.7 million, or 52.7%, between periods despite 5.8% lower bunker consumption. ETS costs increased by EUR 0.9 million as the ETS implementation increased from 70% to 100% at the beginning of 2026.EBITDA in the second quarter amounted to EUR 21.3 million and was marginally higher than in the same period last year. The quarter was negatively impacted by approximately EUR 0.7 million due to the seafarers’ strike in the quarter.The positive impact of the broad range of initiatives implemented in recent months is estimated at approximately EUR 13 million on an annualized basis. Of this amount, EUR 3.2 million was realized in the second quarter, with a positive EBITDA impact of EUR 2.7 million.Associated companies delivered good results, amounting to EUR 3.4 million.Vilhelm Már Thorsteinsson, CEO“The second quarter result was solid and despite a challenging operating environment we saw stronger performance in the Company’s underlying operations than in recent quarters. Revenue increased by 11.4% year-on-year and EBITDA amounted to EUR 21.3 million, comparable to the same period last year.The conflict in the Middle East has had a significant impact on the transportation sector, as on many other industries, primarily through sharp increases in global oil prices, higher prices of supplies and disruption to international transport routes. The Company’s bunker costs, for example, increased by 53% year-on-year. Despite these challenges, the Company improved its results through decisive actions to address rising costs and the successful execution of operational improvement initiatives launched last year, including enhanced efficiency and a reduction in FTEs.However, there is concern that the assumptions underpinning collective wage agreements may no longer hold, as labour market stability remains a critical factor for maintaining Iceland’s competitiveness and supporting long-term value creation across the economy.Strong export of seafood products, farmed fish and growth in export of water from Iceland supported the container sailing system and partly offset lower transportation volumes related to industrial cargo. Forwarding delivered improved results, driven by increased volume and successful special project shipments, and Logistics and agency performed well in the quarter.We continue to invest in the Company’s future and, year to date, have invested approximately EUR 20 million. The implementation of a new sales and service system for the container sailing system is well advanced and will create increased opportunities for automation, AI solutions and improved customer service. In the coming weeks construction will commence on a new distribution center in Selfoss, and refurbishment at our distribution center in Reykjavík is already underway. A new chilled and frozen storage facility was recently taken into use in Aarhus, and in Rotterdam we expanded our service offering and improved warehouse utilization through the installation of additional chilled and frozen storage facilities.”Investor meeting 26 August 2026Eimskip invites investors and market participants to a meeting where Vilhelm Thorsteinsson, CEO and Rósa Guðmundsdóttir, CFO, will present the results. The meeting will be held on Wednesday 26 August at 8:30 GMT at the Company’s headquarters, Sundabakki 2, second floor.The meeting will also be webcasted live in Icelandic on www.eimskip.com/investors. Investors can send questions before the meeting to the email investors@eimskip.com.Documents and a recording of the meeting will be available at the Company’s investor relations website, www.eimskip.is/investors.. Further information Rósa Guðmundsdóttir, CFO, tel: +354 844 4776, email: investors@eimskip.comGuðbjörg Birna Björnsdóttir, Head of Treasury and Investor Relations, tel: +354 844 4752, email:  investors@eimskip.com Forward looking statementsStatements contained in this financial press release that refer to the Company’s estimated or anticipated future results or future activities are forward-looking statements which reflect the company’s current analysis of existing trends, information and plans. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially depending on factors such as the availability of resources, the timing and effect of regulatory actions and other factors. Eimskip undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.  This is EimskipSince 1914 Eimskip has been a trusted partner in global logistics with a network spanning 20 countries, 56 offices and 1,700 employees. To ensure reliable door-to-door solutions for our customers, our services include container and reefer vessel operations in the North-Atlantic, terminal operations, trucking systems, warehouses, cold storages and a global forwarding network. AttachmentsCondenced Consolidated Interim Financial Statement 30 06 2026 Eimskipafélag Íslands HfEimskip Q2 2026 Financial Results Presentation Publishing of Eimskip's second quarter 2026 results Tuesday, August 18, 2026 Eimskipafélag Íslands hf. will publish its second quarter 2026 results after market closing on Tuesday 25 August 2026. Investor meeting on 26 August 2026Eimskip invites investors and market participants to a meeting where Vilhelm Thorsteinsson, CEO and Rósa Guðmundsdóttir, CFO, will present the results. The meeting will be held on Wednesday 26 August at 8:30 GMT at the Company’s headquarters, Sundabakki 2, second floor.The meeting will also be webcasted live in Icelandic on www.eimskip.com/investors. Investors can send questions before the meeting to the email investors@eimskip.com.Documents and a recording of the meeting will be available at the Company’s investor relations website, www.eimskip.is/investors. Further informationGuðbjörg Birna Björnsdóttir, Head of Treasury and Investor Relations, tel: +354 844 4752, email:  investors@eimskip.com AttachmentsFinancial Results Published English Eimskipafélag Íslands hf. enters into market making agreement with Landsbankinn Friday, July 17, 2026 The purpose of the Agreement is to support trading in Eimskip's shares by facilitating and ensuring effective and transparent price discovery. The agreement takes into account the applicable rules and requirements governing market making on Nasdaq Iceland.Under the Agreement, Landsbankinn will, on each trading day, submit bids and offers to buy and sell Eimskip's shares in the trading system of Nasdaq Iceland for a minimum market value of ISK 8 million. The maximum net amount that Landsbankinn is obliged to buy or sell each day is ISK 16 million at market value. Quotes must be renewed within 10 minutes after being fully accepted. The maximum volume-weighted bid/ask spread is determined by the 10-day share price volatility of Eimskip as calculated by Bloomberg and shall not exceed 2.0% if volatility is below 30%, or 4.0% if volatility is 30% or higher. Market making activities under the Agreement will commence on 20 July 2026 and at the same time Eimskip’s market making agreement with Íslandsbanki terminates, while the Company's market making agreement with Arion Bank hf. will remain unchanged.The Agreement will remain in effect until terminated by either party upon 14 days’ prior written notice. Further information Rósa Guðmundsdóttir, CFO, tel: +354 844 4776, email: investors@eimskip.comGuðbjörg Birna Björnsdóttir, Head of Treasury and Investor Relations, tel: +354 844 4752, email:  investors@eimskip.com AttachmentsEimskipafélag Íslands hf. enters into market making agreement with Landsbankinn Announcement from Eimskip Monday, June 22, 2026 Alcoa has referred the decision of Reykjavík District Court from 5 June 2026 to Landsrettur Appeal Court. The District Court decided to dismiss Alcoa Fjarðaál sf. second tort case against Eimskipafélagi Íslands hf., Eimskip Ísland ehf., Samskipum hf. and Samskip Holding B.V.