Independent journal on economy and transport policy
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Atlas Corp. (Seaspan Corporation) closes 2021 with record results
The turnover grew by +15.9%
February 18, 2022
Atlas Corp., a company that owns Seaspan Corporation which, with a fleet of 134 container ships, is the most great charterer of container ships of the world, closed the 2021 with record financial performance. Last year revenues amounted to $1.65 billion, an increase in +15.9% on 2020. Adjusted EBITDA was attested to 1.12 billion dollars (+20.8%), with a contribution of $978.4 million (+23.0%) from Seaspan Corporation and $136.4 million million (+7.4%) from APR Energy, the company purchased in 2019 from Atlas which is active in the field of power plants furniture. Operating profit was $762.2 million (+66.2%) and net profit of 400.5 million dollars (107.9%), with a contribution to net income of $387.0 million (+30.9%) from the container fleet and 16.7 million, compared to to a negative contribution of -113.9 million in 2020, from APR Energy.
In the fourth quarter of 2021 alone, Atlas Corp. recorded revenues of 428.2 million dollars, with an increase of +18.1% on the corresponding period of the previous year. Adjusted EBITDA is state of 283.5 million (+18.8%), with a contribution of 279.5 million (+35.2%) from Seaspan and 3.7 million (-85.5%) from APR. The profit operating has totaled 209,6 million dollars (+502.3%) and net income $142.3 million, compared to a loss net of -26.1 million in the last quarter of 2020, with a positive contribution of € 178.7 million (+100.3%) from Seaspan and negative sign for -29.1 million (-125.6 million in the fourth quarter 2020) by APR Energy.
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Atlas Corp., a company that owns Seaspan Corporation which, with a fleet of 134 container ships, is the most great charterer of container ships of the world, closed the 2021 with record financial performance. Last year revenues amounted to $1.65 billion, an increase in +15.9% on 2020. Adjusted EBITDA was attested to 1.12 billion dollars (+20.8%), with a contribution of $978.4 million (+23.0%) from Seaspan Corporation and $136.4 million million (+7.4%) from APR Energy, the company purchased in 2019 from Atlas which is active in the field of power plants furniture. Operating profit was $762.2 million (+66.2%) and net profit of 400.5 million dollars (107.9%), with a contribution to net income of $387.0 million (+30.9%) from the container fleet and 16.7 million, compared to to a negative contribution of -113.9 million in 2020, from APR Energy.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
