 Sea Container ha annunciato oggi la prossima cessione delle attività portuali svolte nel Regno Unito, dove il gruppo possiede i porti di Folkestone e di Newhaven, nonché la vendita della società di navigazione Isle of Man Steam Packet Company, che effettua servizi traghetto, e dello stabilimento per la produzione di container di Charleston.
Oggi Sea Containers ha inoltre reso noti i risultati dell'esercizio 2002, che presentano un utile netto di 41,9 milioni di dollari su un ricavo di 1,434 miliardi di dollari, contro rispettivamente 4,5 milioni e un miliardo di dollari nel 2001. L'utile netto del 2001 - ha sottolineato il gruppo - è stato ottenuto grazie alla cessione di beni, che invece lo scorso anno è stata di entità minima.
- L'ultimo trimestre del 2002 si è chiuso con un utile netto di 14 milioni di dollari su un ricavo di 410 milioni di dollari, contro un passivo netto di 9 milioni di dollari su un ricavo di 239 milioni di dollari nel corrispondente periodo del 2001. La notevole differenza dei ricavi deriva dall'inserimento entro il perimetro di consolidamento del 100% della filiale di navigazione Silja dal maggio 2002.
Il presidente del gruppo, James B. Sherwood, ha detto che i miglioramenti dei risultati registrati nel 2002 sono stati determinati dalle buone performance ottenute dalla Silja, dalla Great North Eastern Railway (GNER), dalla Isle of Man Steam Packet Company e dalla SeaStreak, che hanno compensato le perdite accumulate dalle linee traghetto che operano nel Mare d'Irlanda e nel canale della Manica, in particolare nelle rotte Dover-Ostenda e Belfast-Heysham che Sea Container ha ora cancellato.
Sea Containers ha comunicato che nel 2002 la filiale di noleggio container GE SeaCo ha acquistato container per un totale di 160 milioni di dollari, mentre la stessa Sea Containers ne ha acquistati per 15 milioni di dollari. Il gruppo prevede che nel 2003 entrambe le società mantengano un analogo livello di acquisizioni di container.
Sea Containers Ltd. and subsidiaries
Summary of operating results
(Source: Sea Containers)
| |
Twelve months ended December 31, |
| |
2002 |
2001 |
| Revenue: |
|
|
| Passenger transport operations |
$1,271,642,000 |
$ 861,095,000 (1) |
| Container operations |
122,977,000 |
133,715,000 |
| Investment in Orient-Express Hotels (2) |
14,740,000 |
18,798,000 |
| Other |
24,506,000 |
13,655,000 |
| |
|
|
| Total revenue |
$1,433,865,000 |
$1,027,263,000 |
| |
|
|
| Earnings before finance costs: |
|
|
| Passenger transport operations: |
|
|
| Silja (3) |
$ 48,170,000 |
$ 27,429,000 |
| Rail |
68,893,000 |
45,316,000 |
| Other |
6,455,000 |
7,211,000 (1) |
| |
123,518,000 |
79,956,000 |
| |
|
|
| Container operations: |
|
|
| GE SeaCo |
20,226,000 |
17,607,000 |
| Other |
8,065,000 |
19,413,000 |
| |
28,291,000 |
37,020,000 |
| Other, including property, publishing and plantations |
4,452,000 |
681,000 |
| |
156,261,000 |
117,657,000 |
| Corporate costs |
(15,038,000) |
(13,508,000) |
| Net finance costs (4) |
(107,982,000) |
(115,573,000) |
| |
|
|
| Earnings/(losses) before minority interests And income taxes |
33,241,000 |
(11,424,000) |
| |
|
|
| Minority interests |
(2,333,000) |
- |
| |
|
|
| Earnings/(losses) before income taxes |
30,908,000 |
(11,424,000) |
| |
|
|
| Provision for income taxes |
2,632,000 |
1,740,000 |
| |
|
|
| Net earnings/(losses) |
28,276,000 |
(13,164,000) |
| |
|
|
| Investment in Orient-Express Hotels (2) |
14,740,000 |
18,798,000 |
| |
|
|
| Preferred share dividends |
(1,088,000) |
(1,088,000) |
| |
|
|
| Net earnings on class A and class B common shares |
$ 41,928,000 |
$ 4,546,000 |
| |
|
|
| Net earnings per class A and class B common share: |
|
|
| Basic and diluted |
$ 2.08 |
$ 0.24 |
| Weighted average number of class A and B Common shares: |
|
|
| Basic |
20,198,586 |
18,529,976 |
| Diluted |
20,700,614 |
|
|
Notes: |
(1) |
SCL's economic interest in Orient-Express Hotels Ltd. dropped below 50% to approximately 47% effective November 14, 2002 so SCL's profit on this investment has been shown as a separate item and the previous year's figures are presented on the same basis. |
| |
(2) |
Includes 50% of Silja for 2001 but 100% for 2002. A majority shareholding was acquired on May 1, 2002 and Silja has been 100% consolidated from that date. |
| |
(3) |
Includes SCL's share of interest charged in the GE SeaCo operations of $1,300,000 (2001 - $1,163,000). SCL's share of Silja's interest in 2001 prior to consolidation of $2,636,000 is also included. These amounts are included in Earnings/(losses) before finance costs of GE SeaCo and Silja. |
Sea Containers Ltd. and subsidiaries
Summary of operating results
| |
Twelve months ended December 31, |
| |
2002 |
2001 |
| Revenue: |
|
|
| Passenger transport operations |
$1,271,642,000 |
$ 861,095,000 (1) |
| Container operations |
122,977,000 |
133,715,000 |
| Investment in Orient-Express Hotels (2) |
14,740,000 |
18,798,000 |
| Other |
24,506,000 |
13,655,000 |
| |
|
|
| Total revenue |
$1,433,865,000 |
$1,027,263,000 |
| |
|
|
| Earnings before finance costs: |
|
|
| Passenger transport operations: |
|
|
| Silja (3) |
$ 48,170,000 |
$ 27,429,000 |
| Rail |
68,893,000 |
45,316,000 |
| Other |
6,455,000 |
7,211,000 (1) |
| |
123,518,000 |
79,956,000 |
| |
|
|
| Container operations: |
|
|
| GE SeaCo |
20,226,000 |
17,607,000 |
| Other |
8,065,000 |
19,413,000 |
| |
28,291,000 |
37,020,000 |
| Other, including property, publishing and plantations |
4,452,000 |
681,000 |
| |
156,261,000 |
117,657,000 |
| Corporate costs |
(15,038,000) |
(13,508,000) |
| Net finance costs (4) |
(107,982,000) |
(115,573,000) |
| |
|
|
| Earnings/(losses) before minority interests And income taxes |
33,241,000 |
(11,424,000) |
| |
|
|
| Minority interests |
(2,333,000) |
- |
| |
|
|
| Earnings/(losses) before income taxes |
30,908,000 |
(11,424,000) |
| |
|
|
| Provision for income taxes |
2,632,000 |
1,740,000 |
| |
|
|
| Net earnings/(losses) |
28,276,000 |
(13,164,000) |
| |
|
|
| Investment in Orient-Express Hotels (2) |
14,740,000 |
18,798,000 |
| |
|
|
| Preferred share dividends |
(1,088,000) |
(1,088,000) |
| |
|
|
| Net earnings on class A and class B common shares |
$ 41,928,000 |
$ 4,546,000 |
| |
|
|
| Net earnings per class A and class B common share: |
|
|
| Basic and diluted |
$ 2.08 |
$ 0.24 |
| Weighted average number of class A and B Common shares: |
|
|
| Basic |
20,198,586 |
18,529,976 |
| Diluted |
20,700,614 |
19,035,571 |
|
Notes: |
(1) |
Includes gains of $20,167,000 on sale of port assets in 2001. |
| |
(2) |
SCL's economic interest in Orient-Express Hotels Ltd. dropped below 50% to approximately 47% effective November 14, 2002 so SCL's profit on this investment has been shown as a separate item and the previous year's figures are presented on the same basis. |
| |
(3) |
Includes 50% of Silja for 2001 and the four months through April 2002 but 100% from May 1, 2002 when a majority shareholding was acquired and Silja was consolidated. |
| |
(4) |
Includes SCL's share of interest charged in the GE SeaCo operations of $4,792,000 (2001 - $6,452,000). SCL's share of Silja's interest prior to consolidation of $3,202,000 (2001 - $11,898,000) is also included. These amounts are included in Earnings before finance costs of GE SeaCo and Silja. |
Consolidated and condensed balance sheets
| |
December 31, 2002 |
December 31, 2001 |
| |
|
|
| Cash |
$ 218,022,000 |
$ 216,936,000 |
| |
|
|
| Receivables |
223,740,000 |
233,474,000 |
| |
|
|
| Containers and ships, net book value |
1,659,996,000 |
959,070,000 |
| |
|
|
| Real estate and other fixed assets, net book value |
181,478,000 |
744,726,000 |
| |
|
|
| Assets under capital leases, net book value |
15,574,000 |
25,078,000 |
| |
|
|
| Inventories |
46,061,000 |
54,277,000 |
| |
|
|
| Investments |
288,570,000 |
273,681,000 |
| |
|
|
| Other assets |
163,393,000 |
145,204,000 |
| |
|
|
| |
$2,796,834,000 |
$2,652,446,000 |
| |
|
|
| |
|
|
| Accounts payable |
$ 413,168,000 |
$ 304,397,000 |
| |
|
|
| Liabilities with respect to containers and ships |
987,207,000 |
671,540,000 |
| |
|
|
| Bank loans with respect to real estate and other fixed assets |
264,036,000 |
433,575,000 |
| |
|
|
| Obligations under capital leases |
11,763,000 |
26,685,000 |
| |
|
|
| |
|
|
| Senior notes |
422,783,000 |
423,294,000 |
| |
|
|
| Senior subordinated debentures |
98,485,000 |
118,709,000 |
| |
|
|
| Minority interests, deferred revenue and taxes |
12,560,000 |
181,341,000 |
| |
|
|
| Redeemable preferred shares |
15,000,000 |
15,000,000 |
| |
|
|
| Shareholders' equity |
963,093,000 |
869,166,000 |
| |
|
|
| Class B common shares with voting rights owned by a subsidiary |
(391,261,000) |
(391,261,000) |
| |
|
|
| |
$2,796,834,000 |
$2,652,446,000 |
|
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