EQS-News: Ernst Russ AG: Stable Development in the First Quarter of 2024
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EQS-News: Ernst Russ AG
/ Key word(s): Quarter Results
Hamburg, 27 May 2024 - After the first three months of 2024, Ernst Russ AG can look back on a successful business performance despite ongoing geopolitical tensions. The net assets, financial position and results of operations remained stable in the first quarter of 2024. As expected, revenue decreased by EUR 1.3 million year-on-year to EUR 46.9 million in the first quarter of 2024 due to the decline in average charter rates. Ship operating costs fell from EUR 23.2 million to EUR 16.1 million due to the lower number of vessel class renewals in the first quarter of the current financial year compared to the same quarter of the previous year. As a result, the operating result increased from EUR 13.7 million to EUR 21.0 million. Consolidated earnings after taxes and before minority interests amounted to EUR 22.5 million. Of this, EUR 7.9 million was attributable to minority interests. The Group equity ratio fell from around 76.4% to around 76.1%. The Ernst Russ Group's vessel portfolio consists primarily of container vessels in the 700 to 4,200 TEU size classes, supplemented by two larger container vessels of around 6,600 and 13,400 TEU respectively, a 38,000 dwt handysize bulker and a multipurpose vessel. The Ernst Russ Group continuously examines opportunities arising on the market to expand and rejuvenate its existing fleet. In April 2024, the 868 TEU container vessel MS “Moveon”, which was built in 2001, was sold. This means that the Ernst Russ Group currently holds a majority stake in 29 vessels. Against this backdrop and the largely secure employment situation of the ship fleet, the Ernst Russ Group expects revenue of between EUR 155 million and EUR 175 million and an operating result (EBIT) of between EUR 47 million and EUR 67 million for the 2024 financial year. You can download the Ernst Russ AG three-month report 2024 in both German and English at www.ernst-russ.de. Contact: Ernst Russ AGAnika Hillmer Investor Relations Tel. +49 40 88 88 1 1800 E-Mail: ir@ernst-russ.de
27.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Ernst Russ AG |
| Elbchaussee 370 | |
| 22609 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 88881-0 |
| Fax: | +49 (0)40 88881-199 |
| E-mail: | ir@ernst-russ.de |
| Internet: | www.ernst-russ.de |
| ISIN: | DE000A161077 |
| WKN: | A16107 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt (Scale), Hamburg, Tradegate Exchange |
| EQS News ID: | 1911113 |
| End of News | EQS News Service |
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1911113 27.05.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 52,71 | 58,79 | 55,57 | 92,29 | 191,74 | 202,67 | 170,00 | |
| EBITDA1,2 | 8,60 | 9,00 | 9,70 | 40,13 | 122,29 | 116,60 | 89,70 | |
| EBITDA-Margin3 | 16,32 | 15,31 | 17,46 | 43,48 | 63,78 | 57,53 | 52,77 | |
| EBIT1,4 | 3,80 | 4,00 | 2,30 | 30,80 | 90,10 | 86,60 | 59,00 | |
| EBIT-Margin5 | 7,21 | 6,80 | 4,14 | 33,37 | 46,99 | 42,73 | 34,71 | |
| Net Profit (Loss)1 | 6,38 | 1,77 | 4,74 | 26,29 | 83,90 | 81,61 | 50,00 | |
| Net-Margin6 | 12,10 | 3,01 | 8,53 | 28,49 | 43,76 | 40,27 | 29,41 | |
| Cashflow1,7 | -0,98 | 12,25 | 8,03 | 39,72 | 98,75 | 90,18 | 69,00 | |
| Earnings per share8 | 0,19 | 0,05 | 0,12 | 0,49 | 1,46 | 1,66 | 0,87 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,20 | 1,00 | 0,20 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Deloitte
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Ernst Russ | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A16107 | DE000A161077 | AG | 189,61 Mio € | 06.10.2005 | Kaufen | 9F5FGVX3+PC |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 9,59 | 12,02 | 0,80 | 10,84 | 1,38 | 2,10 | 0,94 |
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Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,20 | 1,00 | 0,20 | 3,53% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 23.05.2025 | 21.05.2025 | 28.08.2025 | 13.11.2024 | 25.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -2,95% | -3,07% | +38,90% | +37,88% | -72,39% |
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