 Il gruppo Sea Containers Ltd., che ha sede ad Hamilton nelle Bermuda, ha annunciato oggi i risultati del terzo trimestre e dei primi nove mesi di quest'anno. L'utile netto per il periodo luglio-settembre è stato di 6,6 milioni di dollari su un giro d'affari di 356,3 milioni di dollari, contro rispettivamente 54,7 milioni e 425,6 milioni di dollari nello stesso periodo del 2000. Il peggioramento - ha puntualizzato il gruppo - è stato determinato da fattori straordinari, come in particolare l'assenza di guadagni sulla vendita di titoli che ha contribuito per 36 milioni di dollari all'utile netto del terzo trimestre dello scorso anno, come una diminuzione del giro d'affari nel settore traghetti nell'ultimo trimestre dovuta all'epidemia di afta epizootica nel Regno Unito. Il risultato operativo derivante dal noleggio di container - ha inoltre precisato Sea Containers - è stato causato dal minor prezzo del noleggio di unità più vecchie, mentre gli introiti dalle attività turistiche sono stati particolarmente colpiti dall'impatto negativo degli attacchi terroristici negli Stati Uniti dello scorso 11 settembre.
Sfumano così gli obiettivi di risultato programmati per la fine dell'anno, ha confermato il presidente del gruppo James B. Sherwood, che però si è dichiarato ottimista circa l'andamento dell'attività economica nel 2002: «lascio ad altri più qualificati - ha detto - la previsione sulla fine del trend recessivo e sull'evoluzione della guerra contro il terrorismo. Nel contempo penso che Sea Containers sia ben posizionata per trarre vantaggio dalla ripresa, non appena si verificherà».
Sea Containers Ltd. and subsidiaries
Summary of operating results (unaudited)
| Three months ended September 30,
|
| 2001 | 2000
|
| Revenue: | |
|
| Passenger transport operations | $253,478,000 | $276,046,000 |
| Leisure operations | 67,953,000 | 73,330,000 |
| Container operations | 32,101,000 | 39,432,000 |
| Other* | 2,751,000 |
36,842,000 |
| | |
| Total revenue | $356,283,000
| $425,650,000 |
| Earnings before finance costs: |
| |
| Passenger transport operations: |
| |
| Silja | $ 9,953,000 | $ 9,481,000 |
| Rail | 15,075,000 | 10,041,000 |
| Other | 7,142,000 |
8,124,000 |
| 32,170,000 | 27,646,000
|
| | |
| Leisure operations | 13,525,000 | 18,750,000 |
| | |
| Container operations: | |
|
| GeSeaCo - owned | 4,495,000 | 3,763,000 |
| Other | 2,934,000 |
10,574,000 |
| 7,429,000 | 14,337,000
|
Other, including property, publishing
and plantations* | 99,000 | 34,322,000
|
| 53,223,000 | 95,055,000 |
| Corporate costs | (3,145,000) | (3,700,000) |
| Net finance costs** | (34,517,000) | (25,456,000) |
| | |
Earnings before minority interest, tax
and extraordinary item | 15,561,000 | 65,899,000 |
| | |
| Minority interest | (2,775,000) | (1,800,000) |
| | |
| Earnings before tax and extraordinary item |
12,786,000 | 64,099,000 |
| | |
| Provision for income taxes | 8,100,000
| 9,102,000 |
| | |
| Earnings before extraordinary item | 4,686,000 | 54,997,000 |
Extraordinary item:
Gain on retirement of debt | 2,141,000 | -
|
| Net earnings | 6,827,000 |
54,997,000 |
| | |
| Preferred share dividends | (272,000) | (272,000) |
| | |
| Net earnings on class A and class B common shares | $ 6,555,000 | $ 54,725,000
|
| | |
| Net earnings per class A and class B common share: | | |
| Basic: | |
|
| Earnings before extraordinary item | $ 0.24 | $ 2.96 |
| Extraordinary item | 0.11
| - |
| Net earnings | $ 0.35
| $ 2.96 |
| Diluted: | |
|
| Earnings before extraordinary item | $ 0.24 | $ 2.89 |
| Extraordinary item | 0.11
| - |
| Net earnings | $ 0.35
| $ 2.89 |
| | |
Weighted average number of class A and B
common shares: | | |
| Basic | 18,530,406 |
18,516,616 |
| Diluted | 19,009,236
| 19,002,443 |
* Includes gain of $36,000,000 in 2000 on the sale by SC of shares in its subsidiary Orient-Express Hotels Ltd.
** Includes SC's share of interest charged in the Silja and GeSeaCo operations of $3,229,000 (2000 - $2,362,000) and $1,563,000 (2000 - $1,717,000), respectively.
|
Summary of operating results (unaudited)
| Nine months ended September 30,
|
| 2001 | 2000
|
| Revenue: | |
|
| Passenger transport operations | $662,195,000 | $ 687,128,000 |
| Leisure operations | 202,561,000 | 206,177,000 |
| Container operations | 100,668,000 | 118,293,000 |
| Other* | 8,560,000 |
43,151,000 |
| | |
| Total revenue | $973,984,000
| $1,054,749,000 |
| | |
| Earnings/(losses) before finance costs: |
| |
| Passenger transport operations: |
| |
| Silja | $ 19,881,000 | $ 20,659,000 |
| Rail | 33,784,000 | 24,023,000 |
| Other | 17,023,000 |
6,573,000 |
| 70,688,000 | 51,255,000
|
| | |
| Leisure operations | 44,955,000 | 50,257,000 |
| | |
| Container operations: | |
|
| GeSeaCo - owned | 13,051,000 | 9,614,000 |
| Other | 13,850,000 |
32,053,000 |
| 26,901,000 | 41,667,000
|
| | |
Other, including property, publishing
and plantations* | (27,000) | 34,090,000
|
| 142,517,000 | 177,269,000 |
| Corporate costs | (9,750,000) | (10,875,000) |
| Net finance costs** | (105,596,000) | (98,090,000) |
| | |
Earnings before minority interest, tax
and extraordinary item | 27,171,000 | 68,304,000 |
| | |
| Minority interest | (9,919,000) | (1,800,000) |
| | |
| Earnings before tax and extraordinary item |
17,252,000 | 66,504,000 |
| | |
| Provision for income taxes | 4,965,000
| 5,000,000 |
| | |
| Earnings before extraordinary item | 12,287,000 | 61,504,000 |
Extraordinary item:
Gain on retirement of debt | 2,141,000 | -
|
| Net earnings | 14,428,000 |
61,504,000 |
| | |
| Preferred share dividends | (816,000) | (816,000) |
| | |
| Net earnings on class A and class B common shares | $ 13,612,000 | $ 60,688,000
|
| | |
| Net earnings per class A and class B common share: | | |
| Basic: | |
|
| Earnings before extraordinary item | $ 0.62 | $ 3.28 |
| Extraordinary item | 0.11
| - |
| Net earnings | $ 0.73
| $ 3.28 |
| Diluted: | |
|
| Earnings before extraordinary item | $ 0.62 | $ 3.24 |
| Extraordinary item | 0.11
| - |
| Net earnings | $ 0.73
| $ 3.24 |
Weighted average number of class A and B
common shares: | | |
| Basic | 18,529,354 |
18,500,535 |
| Diluted | 19,009,278
| 18,983,417 |
* Includes gain of $36,000,000 in 2000 on the sale by SC of shares in its subsidiary Orient-Express Hotels Ltd.
** Includes SC's share of interest charged in the Silja and GeSeaCo operations of $9,262,000 (2000 - $6,951,000) and $5,289,000 (2000 - $4,393,000), respectively.
|
Consolidated and condensed balance sheets (unaudited)
| September 30,
2001
| December 31,
2000 |
| | |
| | |
Containers and Ships, net
book value |
$ 971,777,000 | $1,026,543,000 |
| | |
Real estate and other fixed assets,
net book value | 753,459,000 | 760,457,000 |
| | |
Assets under capital leases, net
book value | 17,107,000 | 17,806,000 |
| | |
| Cash | 138,450,000 | 127,833,000 |
| | |
| Receivables | 248,516,000 |
246,213,000 |
| | |
| Inventories | 54,590,000 |
55,221,000 |
| | |
| Investments | 277,706,000 |
244,392,000 |
| | |
| Other assets | 130,390,000
| 130,525,000 |
| | |
| $2,591,995,000 |
$2,608,990,000 |
| | |
Liabilities with respect to Containers
and Ships | $ 641,990,000 | $ 635,743,000 |
| | |
Bank loans with respect to real estate
and other fixed assets | 426,094,000 | 425,009,000 |
| | |
| Obligations under capital leases | 14,168,000 | 14,540,000 |
| | |
| Other liabilities | 457,803,000 | 456,329,000 |
| | |
| Senior notes | 423,947,000 |
428,603,000 |
| | |
| Senior subordinated debentures | 118,658,000 | 124,209,000 |
| | |
| Redeemable preferred shares | 15,000,000 | 15,000,000 |
| | |
| Shareholders' equity | 885,596,000 | 900,818,000 |
| | |
Class B common shares with voting
rights owned by subsidiaries | (391,261,000) | (391,261,000) |
| | |
| $2,591,995,000 |
$2,608,990,000 |
(Source: Sea Containers)
|
|
- Via Raffaele Paolucci 17r/19r - 16129 Genova - ITALIA
