Belgium's CMB.TECH Q1 revenue beats on vessel sales

CMB.TECH NV

19/05/2026 06:11

Overview

Belgium maritime group's Q1 revenue more than doubled yr/yr, beating analyst expectations

Q1 net income surged, supported by capital gains from vessel sales

Company intends $0.64 per share distribution, pending shareholder approval

Outlook

Company expects dry bulk market to remain supported by strong iron ore and coal demand

Tanker market faces ongoing volatility due to Middle East disruptions, with risk of oversupply if Strait remains closed

Offshore energy vessel demand expected to stay robust through summer, but new deliveries may ease tightness later in 2026

Result Drivers

VESSEL SALES - Co said capital gains from sales of older vessels at high prices contributed to Q1 results

STRONG TANKER MARKET - Elevated spot and time charter rates for tankers supported results, per CEO Alexander Saverys

OFFSHORE ENERGY UTILISATION - Offshore energy division Windcat fixed two CSOVs at strong rates, reflecting high vessel quality

Company press release: ID:nGNE8trfkn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$519.63 mln
$410.21 mln (4 Analysts)
Q1 Net Income
$368.83 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for CMB.TECH NV is €13.58, about 4.5% above its May 18 closing price of €13.00

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)