Stolt-Nielsen Q4 net revenues $463 mln, lags forecast (updated)

Stolt-Nielsen

31/01/2017 06:27

(Adds detail) 
    OSLO, Jan 31 (Reuters) - Stolt-Nielsen Ltd  SNI.OL : 
    * Q4 revenue $463 mln (Reuters poll $472 mln) 
    * Q4 net profit $22.2 mln (Reuters poll $20.3 mln) 
    * Says outlook for 2017 remains largely unchanged from 
previous guidance 
    * Says in the  markets served by Stolt Tankers, there is 
still  an oversupply of tonnage, and with significant 
newbuilding deliveries in 2017, combined with a weak product 
tanker market, we believe the year will be challenging 
    * Says still expects Stolt Tankers to remain profitable in  
the year ahead 
    * Says at Stolthaven, our efforts to improve the operational 
performance of this business are starting to pay off, and we 
expect that trend to continue this year 
    * Says for Stolt Tank Containers, which faced intense price 
competition in 2016, we see signs of a bottoming out of the 
margin deterioration, as profitability can be sacrificed by some 
operators for only so long in an effort to gain market share. 
    * Says at Stolt Sea Farm, we expect the strong prices for 
turbot and sole to continue 
 
Source text for Eikon:  ID:nGNE5hGgbX  
Further company coverage:  SNI.OL  
 
 (Reporting By Joachim Dagenborg, editing by Gwladys Fouche) 
 ((joachim.dagenborg@thomsonreuters.com;)) 
 
Keywords: SNL RESULTS/