Decrease of the economic results of the Moby



In the third trimester of this year the revenues of the company of Moby navigation of the Honored group Shipping have grown of +3.5% being piled to 245,5 million euros regarding 237,1 million euros in the period July-september last year. The costs have recorded an emphasized rise more being itself attested to 185,1 million euros (+13.1%). The EBITDA has turned out pairs to 75,4 million euros (- 15.9%), the operating profit to 60,4 million euros (- 20.0%) and the profit clearly to 47,5 million euros (- 26.0%).

In the first nine months of 2018, period in which the ships of the company have transported 5,1 million passengers and 6,2 million linear meters of rotabili, respective with a decrease of a -6,7% and increase of +11.0% on the same period of 2017, Moby has totaled revenues pairs to 478,8 million euros (+0.6%), of which 250,4 million generated from the services with the Sardinia (254,1 million in the first nine months of 2017), 56,8 million from the services with the Sicily (48,6 million), 43,8 million from the services for the Tuscan archipelago (44,3 million), 23,5 million from the services with the Corsica (23,7 million), 12,9 million from the services in the Baltic Sea (10,6 million), 5,2 million from the services for Isole Tremiti and other lines (7,9 million) to which public subsidies for the exercise of the services join 59,8 million in order to guarantee the territorial continuity with the islands (59,3 million). The costs are piled to a total of 457,8 million euros (+13.2%). The EBITDA has turned out of 68,3 million euros (- 40.4%) and the operating profit of 21,1 million euros (- 70.6%). Moby clearly has archived item the first nine months of this year with a net loss of -12,7 million euros respect to a profit of 39,6 million euros in the period January-september of 2017.

The company has specified that the first nine months of the 2018 "are negatively conditioned by an increment record of the fuel and by investments in start activity up that they have begun in these weeks to produce turned out positive consequent, for example, the conquest of a advanced quota to 40% of the Sicilian market of the freeways of the sea". Moby has specified that from the quarterly results to september introduced today the investor, that they signal a bending in the EBITDA, "she emerges with force as the result is conditioned for beyond 50% from the increment record in the price of the bunker (today started towards a reorganization), let alone from the absence of capital gains (anticipates instead in the relative results to the first nine months of 2017)".

Moby has announced that in the period of 12 conclusosi months 30th September the costs for the purchase of the fuel are piled to 164 million euros regarding 136 million euros in the precedence period of 12 months.

"Hard of an increment of beyond 11% in transported the linear meters of cargo and of a turnover in constant increase - it has still specified Moby - the group is today prepared to collect the benefits of a action plan destined to impattare in determining way on the final accounts of the year, thanks to a series of positive actions already put in field". The company has remembered that "action plan the place in existence passes through a rationalization of the lines, a optimization in the use of the fleet, the cession of some assets and the revaluation of that, quantified from external valutatori in beyond a billion of euro, they confirm to the investor a real guarantee regarding the amount of their credit".

"The closing of the Nice-Fortification line, attended to have a positive impact at least of two million on the EBITDA and that however it had magnetized a traffic of beyond 100.000 passengers, so as the chartering of the new Alf Pollak ship that has met for its only specification a particularly favorable question of the market of the ships ro-ro cargo, let alone the cession of some assets - it has evidenced Moby - is already generating in determining way a true radical change of direction on the results of the group, results which they are affecting positively also the commercial innovations applied in particular on the traffic cargo, let alone the positive consequences waits from the synergies and givesthe rationalization that will be able to derive from the fusion in course between Moby and Tirrenia Cin, in a single society with center in Sardinia".