Brief: Hoegh Autoliners' Q2 EBITDA Up At USD 174 Mln

Hoegh Autoliners ASA

14/08/2024 06:44

Aug 14 (Reuters) - Hoegh Autoliners ASA  HAUTO.OL :
    * Q2 OPERATING PROFIT (EBITDA) OF USD 174 MILLION AND NET
PROFIT
AFTER TAX OF USD 174 MILLION
    * A DIVIDEND OF USD 127 MILLION DECLARED AND WILL BE PAID
OUT IN
AUGUST 2024.
    * WE DON'T EXPECT MARKET TO CHANGE SIGNIFICANTLY FOR REST OF
2024
    * THERE WILL BE VOLATILITY IN MONTHLY VOLUMES AND RATES
DEPENDING
ON CARGO MIX AND VESSELS POSITIONS
    * WE EXPECT Q3 TO BE ANOTHER STRONG QUARTER WITH RESULTS
MORE OR
LESS IN LINE WITH Q2.
    * SUPPLY SIDE REMAINS TIGHT DESPITE MORE NEWBUILDS COMING
INTO
OPERATION
    * WE DO NOT EXPECT ANY MAJOR IMPACT ON CARGO ACCESS FOR REST
OF
YEAR

Source text for Eikon:  ID:nObiSdmwLa 
Further company coverage:  HAUTO.OL 

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