Improvement of the results of the Moby group in the first trimester



The Moby group has closed the first three months of this year with revenues pairs to 102,2 million euros, in increase of +14.5% on the same period of 2018, increment that - it has specified the Italian shipowning group - is attributable mainly to the segments of the transport goods and the charterings. In particular, the greater source of the revenues, besides the subsidies in order to guarantee the territorial continuity with the islands that in the first trimester of the 2019 have turned out pairs to 36,0 million euros (+0.3%) of which 33,0 million to the society integrally controlled Italian Company of Navigation (CIN) and 2,98 million to the society integrally controlled Toremar, it has been that of the services for the Sardinia, that they have totaled 30,9 million euros (- 6.2%), continuation from the services for Sicily, with 17,7 million euros (+138.8%), and from the services for the Tuscan Archipelago, with 4,6 million euros (+4.1%). Altogether the revenues generated from the activity of transport of passengers and the cars to the continuation are piled to 17,2 million euros (- 2.4%), those generated from the transport of the goods to 36,8 million (+30.0%, increase - have announced Moby - obtained in spite of a bending of the linear meters of transported rotabili), the revenues produced from the sales on board of the ships to 1,5 million (+3.4%) and the revenues from the charterings to 4,6 million (voice reported to the charterings of the ships Alf Pollak and Superfast Baleares and pairs to zero in the budget of first trimester 2018).

The costs, pairs to 106,9 million euros, have turned out decreasing of -10,4%. The EBITDA has marked an improvement having been is of positive sign and pairs to 20,2 million euros respect to an EBITDA negative for -15,6 million euros in the first trimester last year. Excluding the impact of the adoption of new 16 accounting principle IFRS Leases, introduced at the beginning of this year, the EBITDA recurrent turns out positive being in order almost 9,0 million respect to a value negative for -15,6 million in the first trimester of 2018. Al improvement of the Gross Operating Margin has contributed also the proceeds for 14,7 million euros about obtained from the CIN from the sale of two ships (the Aurelia is sold last February for 6,0 million and the completion of the cession of the Puschmann, agreed for a fee of beyond 12,9 million, is completed last February). Recurrent operating result and economic result clearly have been both of sign negative and pairs to -4,7 million and -17,1 million euros regarding results they also of sign negative for -30,1 million and -40,6 million euros in the first three months of 2018.

Commenting the results achieved in the first trimester of 2019, the Moby group has emphasized that it has been "archived item definitively 2018 that was negatively conditioned by the course in the price of the fuel let alone by the effort of under way marketing own in the field cargo" and has evidenced in particular the obtained positive results in the Sicilian market "on which - it has specified Moby - the group has exercised the maximum effort, opening doors of the freeways of the sea to medium and small companies that had precluded this alternative".