eimskip financial statements

approved the company’s Interim Consolidated Financial Statements for the third quarter of 2020 at its meeting on 19 November 2020. The Consolidated Financial Statements of Eimskipafélag Íslands hf. Salary expenses decreased by EUR 18.1 million or 13.7% whereof EUR 9.6 million is related to streamlining measures. EBIT increased by EUR 3.6 million and amounted to EUR 17.1 million. D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like Eimskip Island ehf. Eimskipafélag Íslands hf. According to preliminary interim financial statements for Q2 2020, EBITDA will be approximately EUR 16 million compared to EUR 15.8 million in same quarter last year. Eimskip undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. will publish its Consolidated Financial Statements for 2016 and fourth quarter results after market closing on Thursday 23 February 2017. Financial Position and Capital Expenditure Eimskip’s balance sheet at year-end 2016 remained solid, with assets amounting to EUR 391.7 million and 62.2% equity ratio. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Investors and market participants are invited to a meeting on Friday 26 February 2021 at 8:30 a.m. note 26 in the Company’s Consolidated Financial Statements for year 2020. and its subsidiaries (together referred to as "Eimskip” or the "Group") for the period 1 January to 31 March 2019 are prepared and presented in accordance with International Significant effort was put into securing the health & safety of employees, maintaining an unbroken logistic chain and customer service due to effects of COVID-19. has 650 employees at this location and generates $382.24 million in sales (USD). on behalf of Gildi pension fund. Investor meeting on … We are committed to continue to be leading in this respect and we feel a growing interest from our customers on the matter. Reference is made to the decrease in share capital that was executed by reduction of treasury shares on 7 April 2021 and by reduction of capital with cash payment to shareholders today, cf. Eimskip invites investors and market participants to a meeting where Vilhelm Már Þorsteinsson, CEO, will present the company’s financial results … We took delivery of two new vessels during the year which was an important step in renewing our vessel fleet. Eimskip has issued a Corporate Governance Statement that describes the accepted practices in the Corporate Governance Guidelines published by the Iceland Chamber of Commerce in cooperation with the Confederation of Icelandic Employees and Nasdaq Iceland. Eimskipafelag Islands hf. The Board of Directors of Eimskipafélag Íslands hf. Adjusted for one-off redundancy cost in the quarter, EBITDA would have been EUR 17 million or 8% higher than same quarter last year. Net earnings for the period amounted to EUR 0.8 million, compared to a loss of EUR 6.4 million for the same quarter of 2019. : +354 825 7220, email: investors@eimskip.is ; Attachments: Eimskip - Financial Statements Q1 2014.pdf Eimskip - First Quarter 2014 Financial Results.pdf Interest-bearing debt amounted to EUR 126.0 million at year-end, up by EUR 44.8 million, and net debt was EUR 102.8 million, up by EUR 61.2 million from the previous year. Key Figures. EBITDA amounted to EUR 61.7 million compared to 60.5 million for the year 2019, an increase of 1.9%. Eimskip is exposed to financial risk factors, including currency risk, risk related to availability of funding, interest rate risk, liquidity risk, credit risk, tax risk, fuel price risk, risk related to the financial reorganization of A1988 hf., and risk in relation to potential amendments to International Financial Reporting Standards (IFRS). Total CAPEX for the year amounted to EUR 52.7 million compared to EUR 38.9 million for the year 2019. Interest-bearing debt amounted to EUR 204.3 million at year-end; an increase of EUR 44.7 million, of which EUR 32.5 million were related to the adoption of the new IFRS 16 accounting standard as at 1 January 2019. Financial Statements of 2017. : +354 825 3399, email: investors@eimskip.com. Eimskip is a leading transportation company in the North Atlantic providing container and reefer liner services with connections to international markets and is specialized in worldwide freight forwarding services with focus on frozen and chilled commodities. Investors and market participants are invited to a meeting on Friday 26 February 2021 at 8:30 a.m. on behalf of LSR pension fund. The meeting will only be webcasted live in Icelandic at www.eimskip.com/investors. Links to ISC’s financial statements and related notes and MD&A for the period are available on our website in the Investor Relations section at www.company.isc.ca. Investments were unusually high due to investment in new vessels amounting to EUR 36.9 million. All forward-looking statements are qualified in their entirety by this cautionary statement. Sustainability Human resources Media and brand News Our history Mission and vision ... Consolidated Financial Statements 2015. Publishing of Eimskip’s Consolidated Financial Statements 2020 and Q4 results. Endorsement and Statement by the Board Eimskip is a leading transportation company in the North Atlantic with connections to international markets and is specialized in worldwide freight forwarding services, with the vision of providing excellence in transportation solutions and services. The Board of Directors of Eimskipafélag Íslands hf. Read full article. Condensed Consolidated Interim Q3. Financial Statement Release Publishing of Eimskip's Consolidated Financial Statements 2016 and Q4 results ... | April 1, 2021 The Board of Directors of Eimskipafélag Íslands hf. Edda Rut Björnsdóttir, Executive Vice President of Human Resources & Communication, tel. Eimskip is a leading transportation company in the North Atlantic providing container and reefer liner services with connections to international markets and is specialized in worldwide freight forwarding services with focus on frozen and chilled commodities. FINANCIAL RISK. Revenues positively affected by a 10.2% volume increase in liner services, however offset by weaker ISK and USD and lower bunker price effects. We had extreme focus on cash-flow and accounts receivables and a third of the planned maintenance CAPEX was put on hold due to uncertainty surrounding COVID-19. This news release provides a general summary of ISC’s results for the quarters ended March 31, 2021, and 2020. Erna Eiríksdóttir, Senior Manager of Investor Relations, tel. Revenues amounted to EUR 668.3 million, a decrease of EUR 11.3 million or 1.7% when compared with the year 2019. Eimskip publishes today its ESG report for the year 2019, now for the first time parallel to the publishing of the financial statements for the year. There are 75 companies in the Eimskip Island ehf. Eimskip’s balance sheet at year-end 2019 remained solid, with assets amounting to EUR 524.5 million and a 44.0% equity ratio. ... true and fair view of the consolidated financial performance of Eimskip … Attached is a major shareholder announcement from Eimskipafélag Íslands hf. Eimskip invites investors and market participants to an online meeting where Vilhelm Thorsteinsson, CEO, will present the fourth quarter … The purpose is to strengthen the infrastructure of Eimskip and increase transparency. Attachments Eimskip - Financial Statements Q3 2020 Eimskip - Financial Results Q3 2020 - Presentation HIGHLIGHTS OF Q3 2020 RESULTS Revenues amounted to EUR 170.4 million, a decrease of EUR 2.1 million or 1.2% when compared with the same quarter in 2019. The interim financial statements and MD&A are reviewed and approved by the Audit Committee. These Condensed Consolidated Interim Financial Statements are presented in Euro (EUR), which is the Company's functional currency. Publications. Statements contained in this financial press release that refer to the company’s estimated or anticipated future results or future activities are forward-looking statements which reflect the company’s current analysis of existing trends, information and plans. approved the company’s Interim Consolidated Financial Statements for the year 2020 at its meeting on 25 February 2021. Investor meeting on 26 February 2021 Eimskipafélag Íslands hf. Investor meeting on 26 February 2021 Eimskipafélag Íslands hf. Eimskipafélag Íslands hf. We continued to focus on core operations and profitability improved during the second half of the year as a result of extensive streamlining measures. EBITDA guidance for the year 2021 is in the range of EUR 68-77 million. During the year we reviewed and approved several new policies and have a revised sustainability action plan for the next three years. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Bruarfoss and Dettifoss are very well equipped vessels who meet today’s environmental requirements. Total expenses amounted to EUR 160.7 million, a decrease of EUR 3.6 million, compared with the same quarter in 2019, mainly driven by realization of streamlining measures and weaker ISK. Twitter; Facebook; LinkedIn; GooglePlus; Pinterest; Feb 18 2021 16:27 GMT Source: OMX. Erna Eiríksdóttir, Senior Manager of Investor Relations, tel. Forwarding volume down […] Investor presentation and a recording of the meeting (in Icelandic) will be available on the company’s investor relations website, www.eimskip.com/investors. approved the company’s Interim Consolidated Financial Statements for the year 2020 at its meeting on 25 February 2021. HIGHLIGHTS OF Q3 2020 RESULTS Revenues amounted to EUR 170.4 million, a decrease of EUR 2.1 million or 1.2% when compared with the same quarter in 2019. Net earnings amounted to EUR 4.5 million, compared to net earnings 1.0 million for the year 2019. Eimskip’s management is of the opinion that practicing good Corporate Governance is vital for Eimskip and is in the best interests of the shareholders, employees and other stake Eimskip: LSR major shareholder announcement, Publishing of Eimskip‘s first quarter 2021 results, Eimskip: Total number of shares and voting right, Eimskip: Gildi major shareholder announcement. EBITDA ratio 9.2% compared to 8.9% last year. and its subsidiaries (together referred to as "Eimskip” or the "Group") are prepared and presented in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU Financial Statements have not been audited or reviewed by the Company's independent auditors. Get the latest business insights from Dun & Bradstreet. corporate family. Eimskip invites investors and market participants to an online meeting where Vilhelm Thorsteinsson, CEO, will present the fourth quarter results. Eimskip’s balance sheet at year-end 2017 remained solid, with assets amounting to EUR 459.5 million and 53.2% equity ratio. We commenced the Vessel Sharing Agreement co-operation with Royal Arctic Line with improved services to and from the Greenlandic market. EBITDA improved by 2% or EUR 1.1 million between years, mostly related to managed cost savings, while EBIT increased by EUR 3.6 million and amounted to EUR 17.1 million. will publish its Consolidated Financial Statements for 2020, fourth quarter results and ESG Sustainability Statement for 2020 after market closing on … “I am quite pleased with the results for 2020 after a demanding year. Eimskip - Consolidated Financial Statements 2020 Eimskipafelag Islands Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de Diesen Artikel teilen Copies can also be obtained at www.sedar.com by searching Information Services Corporation’s profile or by contacting Information Services Corporation at investor.relations@isc.ca. will publish its Consolidated Financial Statements for 2020, fourth quarter results and ESG Sustainability Statement for 2020 after market closing on Thursday 25 February 2021. Eimskip’s Corporate Governance statement is accessible on the Company’s website and in the Company’s Financial Statements for 2016. Annual Report 2020. Investors. Investors. will publish its Consolidated Financial Statements for 2020, fourth quarter results and ESG Sustainability Statement for 2020 after market closing on Thursday 25 February 2021. Reference is made to press release from last 8 April regarding a ruling of the district court, cf. market notice from Nasdaq Iceland. Financial Statement Release Publishing of Eimskip’s Consolidated Financial Statements 2016 and Q4 results Investor meeting on 24 February 2017. Net cash from operating activities amounted to EUR 51.2 million and was at same level as the year before. around the world, including contacts, financials, and competitor information. However, the Liner Services had a challenging year and despite cost savings and improvements in the liner system, results are still below acceptable levels. Interest-bearing debt amounted to EUR 81.1 million at year-end, up by EUR 9.7 million, and net debt was EUR 41.6 million, up by EUR 6.2 million from the previous year. Find company research, competitor information, contact details & financial data for Eimskip Canada Incorporated of St. John's, NL. Investor meeting on 26 February 2021 Eimskipafélag Íslands hf. The Condensed Consolidated Interim Financial Statements of Eimskipafélag Íslands hf. Interest-bearing debt amounted to EUR 81.1 million at year-end, up by EUR 9.7 million, and net debt was EUR 41.6 million, up by EUR 6.2 million from the previous year. Eimskip at a Glance Mission, Vision and Values Strategic Focus ... Consolidated Financial Statements 2019 Investors. Eimskip - Financial Statements Q1 2020; Eimskip - Q1 2020 Financial Results - Presentation Eimskip Eimskip undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. We will continue to have strong focus on maintaining cost benefits from streamlining measures as well as on improving profitability.”. Attached is a major shareholder announcement from Eimskipafélag Íslands hf. Eimskipafélag Íslands hf. Leverage ratio was 3.33 at year-end 2020, compared to 3.03 at the end of 2019 which is above the long-term target leverage ratio of 2-3x net debt to EBITDA mainly due to recent investment in new vessels. Our International Operations performed well and Domestic operations in Iceland also delivered good results. Eimskip - 2020 Financial Results - Investor Presentation, Eimskip - Consolidated Financial Statements 2020. Today we publish our ESG report for the year 2020 parallel to publishing the financial statement. will publish its Consolidated Financial Statements for 2020, fourth quarter results and ESG Sustainability Statement for 2020 after market closing on Thursday 25 February 2021. Reduction in salary expenses by EUR 4.8 million or 14.3% whereof EUR 1.8 million related to streamlining measures. The Consolidated Financial Statements of Eimskipafélag Íslands hf. and its subsidiaries (together referred to as "Eimskip” or the "Group") are prepared and presented in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU Salary expenses decreased by EUR 18.1 million whereof EUR 9.6 million are results of streamlining measures. Readers are encouraged to download the Company’s complete financial disclosures. The Board of Directors of Eimskipafélag Íslands hf. Share Information. EBITDA amounted to EUR 14.9 million in the fourth quarter of 2020 compared to EUR 11.2 million in the same quarter last year. Revenues amounted to EUR 175.7 million, an increase of EUR 0.1 million when compared with the same quarter in 2019. Publishing of Eimskip’s Consolidated Financial Statements 2020 and Q4 results. approved the company’s Interim Consolidated Financial Statements for the year 2020 at its meeting on 25 February 2021. Report Press Release (EN) Press Release (IS) Presentation. will publish its Consolidated Financial Statements for 2019 and fourth quarter results after market closing on Thursday 27 February 2020. The year 2020 was characterized by COVID-19 in so many ways and I am extremely proud and thankful for our dedicated employees who have managed to keep an unbroken logistic chain through the challenges related to the pandemic and been working very well with customers to find alternative solutions where needed. Reference is made to press release from last 8 April regarding a ruling of the district court, cf. Eimskipafélag Íslands hf. Vilhelm Már Thorsteinsson, CEO will present the company’s financial results for the year 2020. Financial Position and Capital Expenditure. Eimskip’s balance sheet at year-end 2016 remained solid, with assets amounting to EUR 391.7 million and 62.2% equity ratio. All forward-looking statements are qualified in their entirety by this cautionary statement. : +354 825 7220, email: investors@eimskip.is ; Attachments: Eimskip - Financial Statements Q2 2015.pdf Eimskip - Second Quarter 2015 Financial … note 26 in the Company’s Consolidated Financial Statements for year 2020. Eimskipafélag Íslands hf. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially depending on factors such as the availability of resources, the timing and effect of regulatory actions and other factors. Eimskip Island ehf. Total expenses amounted to EUR 606.6 million, a decrease of EUR 12.4 million or 2.0%. Revenues positively affected by a 1.3% volume increase in liner services, however offset by lower contribution of services in Iceland because of weakening of ISK. About Eimskip. Financial Position and Capital Expenditure. Attachments. 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