Independent journal on economy and transport policy
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Rise of the revenues of the Icelandic company Eimskip thanks to the new acquisitions
In according to trimester of this year profit clearly it has recorded a decrease of -43,6%
September 6, 2017
In the first semester of this year the company of Icelandic navigation Eimskip has recorded revenues pairs to 320,0 million euros, with an increment of +33.7% regarding 239,4 million euros in the first six months of 2016. The EBITDA is piled to 26,0 million euros (+0.8%) and the operating profit has been attested to 11,2 million euros, with a bending of the -11,8% regarding 12,6 million euros in the first half last year. The profit clearly has turned out pairs to 5,1 million euros (- 51.6%).
In the second solo trimester of the 2017 revenues of the company they have grown of +37.2% to 173,1 million euros regarding 126,1 million euros totaled in the correspondent period last year. EBITDA and EBIT have turned out pairs respective to 16,7 million euros (+3.2%) and 9,2 million euros (- 1.7%). Eimskip has closed the second trimester of this year with a profit clearly of 4,9 million euros (- 43.6%).
In according to trimester of this year revenues deriving from the single operated services of line from the company they have turned out pairs to 117,5 million euros (+22.4%) and the EBITDA to 11,8 million euros (- 8.7%). The cargo volumes transported from the line services are increased of +3.5%, increase deriving from the increase of the imports in Iceland, from the exports towards the Faroe Islands and from the services operated in Norway.
The revenues produced from the activities of Eimskip in the field of shipments are piled to 55,6 million euros, with an increment of +84.3% on according to trimester of the 2016 that for 70.3% has been consequence of the acquisition of 75% of the capital of the shipment house Danish SHIP-LOG carried out last june from the Icelandic company. The EBITDA in this segment of activity has been pairs to 4,9 million euros (+50.1%) and the enlivened volumes of traffic are increased of +39.6%.
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In the first semester of this year the company of Icelandic navigation Eimskip has recorded revenues pairs to 320,0 million euros, with an increment of +33.7% regarding 239,4 million euros in the first six months of 2016. The EBITDA is piled to 26,0 million euros (+0.8%) and the operating profit has been attested to 11,2 million euros, with a bending of the -11,8% regarding 12,6 million euros in the first half last year. The profit clearly has turned out pairs to 5,1 million euros (- 51.6%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
