REVENUE GROWTH 29.7% IN FIRST QUARTER 2017
EBITDA EUR 9.3 million, good organic growth and strong performance of new acquisitions but negative effect of fishermen strike
-
Revenue EUR 146.9 million, up by EUR 33.7 million or 29.7% from Q1 2016
- Volume in liner up 3.0%; liner revenue up EUR 8.9 million or 10.7%
- Volume in forwarding up 28.9%; forwarding revenue up EUR 24.8 million or 82.6%, majority coming from new acquisitions
- EBITDA EUR 9.3 million, down by EUR 0.3 million or 3.3% from Q1 2016
- Adjusted EBITDA EUR 11.6 million, up 20.5%, taking into account the strike in Iceland (EUR 1.5 million) and other non-recurring items (EUR 0.8 million)
- Net earnings EUR 0.2 million compared to net earnings of EUR 1.8 million in Q1 2016
- Equity ratio 56.6% and net debt EUR 50.4 million at the end of March
- EBITDA forecast for the year 2017 unchanged, in the range of EUR 57 to 63 million
Open here First Quarter 2017 Financial Results
EIMSKIP - Eimskipafélag Íslands hf. published this content on 23 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2017 21:45:13 UTC.
Original documenthttp://www.eimskip.com/about/news/general-news/financial-press-release-23-may-2017/
Public permalinkhttp://www.publicnow.com/view/BD319FBAD952F48E42D3B27D8DD3CBD05DDE2FED