Brief: Eimskipafelag Islands Preliminary Q2 EBITDA Of About EUR 16 Million

Eimskipafelag Islands hf

18/08/2020 07:52

Aug 18 (Reuters) - Eimskipafelag Islands hf  EIMS.IC :
    * SAID ON MONDAY PRELIM Q2 EBITDA WILL BE APPROXIMATELY EUR
16
MILLION COMPARED TO EUR 15.8 MILLION IN SAME QUARTER LAST YEAR
    * STREAMLINING MEASURES THE COMPANY HAS INITIATED IN THE
LAST
QUARTERS, INCLUDING FTE REDUCTION AND SAILING SYSTEM CHANGES,
ARE BEING REALIZED AND COUNTER AFFECTING GENERAL REDUCTION IN
CARGO VOLUME FOR THE QUARTER
    * IMPACT OF THE COVID-19 PANDEMIC ON GLOBAL ECONOMIES,
INCLUDING
IN THE NORTH-ATLANTIC REGION WHICH IS THE COMPANY’S CORE MARKET
AREA REMAINS UNCERTAIN FOR COMING QUARTERS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE9trzt7
    
 Further company coverage:  EIMS.IC  
   


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