Brief: Eimskip Q3 EBITDA Down At EUR 17.6 Million
21/11/2018 06:46
Nov 21(Reuters) - Eimskipafélag Íslands hf EIMS.IC :
* REPORTED ON TUESDAY Q3 REVENUE EUR 182.2 MILLION, UP BY
EUR 8.3
MILLION OR 4.8% FROM Q3 2017
* Q3 EBITDA EUR 17.6 MILLION, DOWN BY EUR 1.7 MILLION FROM
Q3 2017
* CEO SAID MAIN REASONS FOR LOWER EBIDTA IN Q3 RELATE TO EUR
1.7
MILLION LOWER RESULTS IN THE OPERATION IN NORWAY AS TRANSPORTED
VOLUME DECREASED AND BREAKDOWN OF REEFER VESSELS HAD A NEGATIVE
IMPACT ON THE RESULTS
* IN ADDITION, THE RESULTS FROM THE FREIGHT FORWARDING
SEGMENT WAS
EUR 1.4 MILLION LOWER COMPARED TO PREVIOUS YEAR
* EXPECTS TO REALIZE GAINS FROM A NUMBER OF SHORT-TERM
INITIATIVES
TO IMPROVE THE OPERATION AND ITS PROFITABILITY GOING FORWARD
* EBITDA GUIDANCE FOR THE YEAR 2018 WAS CHANGED ON SEPT 26
TO EUR
49 TO 53 MILLION urn:newsml:reuters.com:*:nL8N1X90RN
Source text for Eikon: urn:newsml:reuters.com:*:nGNE9NF55Q
Further company coverage: EIMS.IC
(Gdynia Newsroom)
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