Eimskip: Information regarding Q3 results
September 20 2021 - 12:25PM
Eimskip: Information regarding Q3 results
According to management accounts for July and August, which are
now available, along with a forecast for September, it is estimated
that EBITDA from the operations in third quarter 2021 will be
considerably higher than results for the same quarter last
year.
It is estimated that EBITDA for the third quarter will be in the
range of EUR 33.2 to 36.2 million compared to EUR 21.4 million for
the same quarter last year. This translates into EBIT in the range
of EUR 20.1 million to EUR 23.1 million, given expected
depreciation in the third quarter, compared to EBIT of EUR 10.4
million for the same period last year.
Should this materialize, the operational results will be
considerably higher than same period last year and the full year
results can be expected near the higher end of the updated guidance
published 19 August 2021. This is based on actual operational
results for 6M 2021, management accounts for July and August now
available, current outlook for September and forecast for the
remainder of the year.
The results are subject to change until the third quarter has
ended and work on financial closing is completed.
The Company will publish its third quarter 2021 results after
market closing on Tuesday 9 November.
For further information please contact Edda Rut
Björnsdóttir, Executive Vice President of Human Resources &
Communications via phone (+354) 825-3399 or
investors@eimskip.is.
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