Skip to main content

Eimskip: Information regarding Q2 results

Written by Customer Service on . Posted in Public Companies.

According to management accounts for April and May along with a new forecast for June 2022, which is now available, EBITDA in the second quarter of 2022 will be considerably higher than in the same quarter in the previous year.

It is estimated that EBITDA in the second quarter will be in the range of EUR 43.5 – 47 million compared to EUR 29.7 million (adjusted for ICA settlement of EUR 10.2 million) for the same quarter 2021. EBIT in the quarter is estimated in the range of EUR 28.5 – 32 million compared to adjusted EBIT of EUR 17.5 million for the same period 2021.

There are various reasons behind the increase in EBITDA, with the main drivers being a strong performance of the international forwarding services that continue to benefit from global market conditions, and a very good utilization of the Company’s sailing system. The financial contribution from the Trans-Atlantic services is substantially higher than same quarter last year, supported both by strong volume and rates that reflect the high demand for Trans-Atlantic transportation. In addition, the volume in import to Iceland has been on a high level.

The outlook for coming months is generally positive although there is a lot of uncertainty surrounding the global economy and potential effects of increasing inflation on international trade.

Eimskip is still preparing financial results for June and Q2 2022 and the results are subject to change during that process and until the work on financial closing is completed.

The Company will publish its Q2 2022 results after market closing on Thursday 18 August 2022.

For further information please contact Edda Rut Björnsdóttir, Executive Vice President of Human Resources & Communications via phone (+354) 825-3399 or investors@eimskip.is.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.