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HFEIM
Hf. Eimskipafélag Íslands - 1Q Results 2007   21.3.2007 08:22:06
News categories: Corporate results      Íslenska  English
 HF Eimskipafélagið - 1Q Result 2007.pdf
 Fréttatilkynning.pdf
 News release.pdf
Correction: Total assets

Correction: Total assets in endorsment by the Board corrected and Net loss from first quarter

 

First quarter results in line with expectations

 

Hf. Eimskipafélag Íslands - Financial Overview of the first quarter 2007 

 

·        Operating revenues of EUR 399 million

·        Operating expenses of EUR 388 million

·        EBITDA EUR 32 million - EBIT EUR 11 million 

·        Pre-tax loss EUR 7 million

·        Net loss EUR 6 million

·        Total assets EUR 1,873 million

·        Working capital from operating activities EUR 3 million

·        Total equity at January 31 EUR 539 million  - equity ratio 29%

·        Current ratio 0.95

·        Financial statements are being published in EUR as of November 1 2006

 

 

Magnús Þorsteinsson, Executive Chairman:

“In the first three months of the financial year 2007, the group’s financial performance was in line with management’s expectations.  The group’s EBITDA is EUR 32 million, which is almost a quarter of our estimates for the financial year of 2007.  This is an important milestone for the group since as a rule, the first quarter is generally the worst performing quarter.”

 

 

 

Printable version
HFEIM
Hf. Eimskipafélag Íslands - 1Q Results 2007   21.3.2007 07:54:30
News categories: Corporate results      Íslenska  English
 Hf Eimskipafélgið - Press Release.pdf
 HF Eimskipafélagið - 1Q Result.pdf
 Hf. Eimskipafélagið - Fréttatilkynning.pdf
Þessi frétt hefur verið leiðrétt
First quarter results in line with expectations

First quarter results in line with expectations

 

Hf. Eimskipafélag Íslands - Financial Overview of the first quarter 2007

 

·          Operating revenues of EUR 399 million

·          Operating expenses of EUR 388 million

·          EBITDA EUR 32 million - EBIT EUR 11 million 

·          Pre-tax loss EUR 7 million

·          Net loss EUR 6 million

·          Total assets EUR 1,873 million

·          Working capital from operating activities EUR 3 million

·          Total equity at January 31 EUR 539 million  - equity ratio 29%

·          Current ratio 0.95

·          Financial statements are being published in EUR as of November 1 2006

 

 

Magnús Þorsteinsson, Executive Chairman:

“In the first three months of the financial year 2007, the group’s financial performance was in line with management’s expectations.  The group’s EBITDA is EUR 32 million, which is almost a quarter of our estimates for the financial year of 2007.  This is an important milestone for the group since as a rule, the first quarter is generally the worst performing quarter.”

 

 

 


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