Investor News 2020
According to management accounts for January and February along with an estimate for March, which is now available, EBITDA for the first quarter of 2021 will be in the range of EUR 13.9 million to 14.9 million compared to EUR 9.3 million in same quarter last year. This translates into EBIT in the range of EUR 2.2 million to EUR 3.2 million, with expected depreciation in the first quarter, compared to negative EBIT of EUR 1.6 million for the same …
Reference is made to press releases from 15 March 2019 and 26 September 2019 regarding a ruling of the Icelandic Internal Revenue Board which the Company decided to refer to the Icelandic courts, cf. note 26 in the Company’s Consolidated Financial Statements for year 2020.
Reference is made to a press release from 25 March 2021 on the results of the Company‘s Annual General Meeting approving to reduce the Company’s share capital by ISK 11,800,000 and the share capital being reduced to 175,200,000 nominal value. The share capital will be reduced by decreasing the Company‘s treasury shares and by a decrease of capital with cash payment to shareholders.
Enclosed are the results of the Annual General Meeting of Eimskipafélag Íslands hf. held today, Thursday 25 March 2021, and updated Articles of Association of the Company.