Hf. Eimskipafélag Ãslands
CORRECTION: Eimskip reports a loss of EUR 214.5m in Q2 2009
Hf. Eimskipafélag Íslands / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- CORRECTION: The 2Q2009 Financial Statement is now attached - Marked improvement in the shipping business from previous quarter - - Impairment loss on coldstore assets of EUR 176.1m - Highlights for the quarter Revenue of EUR 298.6m (Q2 2008: EUR 319.4m), decreasing by 6.5% from previous year Operating expenses of EUR 263.9m (Q2 2008: EUR 288.6), decreasing by 8.6% from previous year EBITDA of EUR 34.7m, or 11.6% of revenue, an increase of 12.6% from previous year when it was EUR 30.8m, or 9.6% of revenue Financial expenses of EUR 22.5m, including exchange gains of EUR 6.5m Loss from continuing operations of EUR 190.2m Loss from discontinued operations of EUR 24.3m Loss for the quarter of EUR 214.5m (Q2 2008: loss EUR 100.8m) Total assets at the end of the period of EUR 1,540.6m Total liabilities at the end of the period of EUR 1,931.0m Equity at the end of the period was negative EUR 390.4m See attachment for full results News Source: NASDAQ OMX 01.07.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Hf. Eimskipafélag Íslands Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000011039 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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