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Stena Group 2016 half-year results

FinanceSome highlights from Stena AB Group 2016 half-year (1 January – 30 June) report:

MSEK 1.079 in income before taxes compared to MSEK 3.030 same period last year, however that included the sale of the Helsingborg-Helsingör ferry service at the price of MSEK 1.669

Consolidated EBITDA, excluding net gain on sale of assets and change in fair value of investment properties, ended at MSEK 4.532 compared to MSEK 4.315 previous year.

Ferry Operations: EBITDA increased by MSEK 278 to MSEK 1.172, compared to MSEK 894 same period last year. Contributing factors are increased car (+3%) and freight (+4%) volumes and lower bunker costs.

RoRo Operations: EBITDA from chartering out RoRo vessels more than doubled to MSEK 440, compared to MSEK 210 same period last year. The sale of STENA HIGHLANDER contributed to this, as well as strong contract coverage and improved Ropax markets.

Full report here

© Shippax aug 31 2016


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