Brief: Exmar H1 IFRS EBITDA Up At EUR 37.7 Mln

EXMAR NV

11/09/2020 17:08

Sept 11 (Reuters) - EXMAR NV  EXMR.BR :
    * OUTLOOK FOR 2020: THE EFFECT OF THE COVID-19 PANDEMIC IS
FORESEEN TO BE LIMITED FOR EXMAR’S RESULTS FOR THE BALANCE OF
THE YEAR BUT THE SITUATION IS CLOSELY MONITORED
    * H1 IFRS EBITDA $ 37.7 MILLION VERSUS $ 22.2 MILLION YEAR
AGO
    * MAJORITY OF OUR SHIPS ARE CURRENTLY OPERATING UNDER MEDIUM
TO
LONG-TERM CONTRACTS
    * EFFECT OF THE COVID-19 PANDEMIC ON THE INTERIM FINANCIAL
STATEMENTS IS LIMITED WITH THE EXCEPTION OF THE YPF NOTICE OF
FORCE MAJEURE
    * H1 MIDSIZE (38,115 M³) TIME-CHARTER EQUIVALENT PER DAY
$21,045 
VERSUS $18,333 YEAR AGO
    * H1 PRESSURIZED (5,000 M³) TIME-CHARTER EQUIVALENT PER DAY
$8,298
 VERSUS $9,119 YEAR AGO
    * H1 VLGC (83,300 M³) TIME-CHARTER EQUIVALENT PER DAY $
30,919
VERSUS $22,014 YEAR AGO
    * BOARD IS CONFIDENT THAT MANAGEMENT WILL BE ABLE TO
MAINTAIN
SUFFICIENT LIQUIDITIES TO MEET ITS COMMITMENTS AND THEREFORE IT
HAS AN APPROPRIATE BASIS FOR THE USE OF THE GOING CONCERN
ASSUMPTION
    * H1 PRESSURIZED (3,500 M³) TIME-CHARTER EQUIVALENT PER DAY
$
6,024 VERSUS $7,603 YEAR AGO

Source text for Eikon:  ID:nNDL8fd9RQ 
Further company coverage:  EXMR.BR 

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