Eimskip: Information regarding Q4 and full year 2021
20 Enero 2022 - 10:57AM
Eimskip: Information regarding Q4 and full year 2021
According to management accounts for December 2021, which are
now available, EBITDA in the fourth quarter 2021 will be higher
than previously estimated and published on 20 December 2021.
It is estimated that EBITDA in the fourth quarter will be around
EUR 31.6 million compared EUR 14.9 million for the same quarter
2020. The previously published range was EUR 26.7 to 29.7 million.
EBIT in the quarter will be around EUR 17.5 million compared
to EBIT of EUR 3.2 million for the same period 2020.
Main drivers for the increase in EBITDA from the range published
in December are higher volume and better margins than expected in
the container liner especially in export Iceland. Furthermore, the
performance of the Norway operation and the international
forwarding operations exceeded expectations. Overall, activity was
strong throughout the month which is unusual for December which
traditionally sees a slow down over the holidays.
Adjusted EBITDA for the full year 2021 is expected to be around
EUR 114.5 million compared to EUR 109.5 to 112.5 million as
previously published. Estimated adjusted EBIT will be around EUR 63
million.
Eimskip is still working on 2021 financial closing and the
results are subject to change during that process and until the
work on financial closing is completed and audited.
The Company will publish its fourth quarter and year 2021
results after market closing on Thursday 17 February 2022.
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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