Brief: Euronav FY EBITDA Up At $1.19 Billion

CMB.TECH NV

04/04/2024 07:19

April 4 (Reuters) - Euronav NV  EUAV.BR :
    * ANNOUNCES FINAL YEAR RESULTS 2023
    * DIVIDEND OF $4.57 PER SHARE TO BE PROPOSED AT ANNUAL
SHAREHOLDERS' MEETING
    * Q4 EBITDA USD 474.4 MILLION
    * Q4 PROFIT $406.6 MILLION VERSUS $235.1 MILLION YEAR AGO
    * FY EBITDA $1.19 BILLION VERSUS $534.43 MILLION YEAR AGO
    * FY REVENUE $1.24 BILLION VERSUS $854.67 MLN YEAR AGO
    * FY PROFIT  $858.03 MILLION VERSUS $203.25 MILLION YEAR AGO
    * ACQUISITION CMB.TECH FINALISED IN Q1 2024
    * LOOKING AHEAD TO 2024, GLOBAL ECONOMY REMAINS RESILIENT TO
VARIOUS RECENT NEGATIVE SHOCKS, AND OIL DEMAND FORECASTS ARE ON
RISE
    * FUNDAMENTALS OF TANKER MARKET REMAIN CONSTRUCTIVE
    * TANKER MARKET RECOVERING FROM LONG PERIOD OF VOLATILE
RATES AS
GROWTH IN NEW SHIP SUPPLY SLOWS WHILE OIL DEMAND RECOVERS IN
LINE WITH GLOBAL ECONOMY
    * HISTORICALLY LOW ORDER BOOK, COUPLED WITH FAVOURABLE
FUNDAMENTAL
DEMAND, IS EXPECTED TO SUSTAIN INCREASED SPOT RATE VOLATILITY

Source text for Workspace:  ID:nNDL27vYf0 
Further company coverage:  EUAV.BR 

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