Good news from Iceland
2022 brought good results for the logistics provider and shipping company Eimskip from Iceland, which operates scheduled services in the North Atlantic. Revenues exceeded a total of EUR 1 billion for the first time, an increase of 21.3% compared to 2021.
Ebitda amounted to EUR 163,1 million (+56.7%). Operating profit grew even more significantly to EUR 101.5 million (+91.3%) and net profit to EUR 85.3 million (+111,2%). The container loops were driven by a strong increase in Transatlantic volume and higher freight rates compared to 2021, but the freight forwarding business also showed a good performance.
CEO Vilhelm Már Thorsteinsson: "We had a good fourth quarter, especially given traditional seasonality for the sector." Eimskip currently has around 1,700 employees and operates 56 offices in 20 countries with approximately 60% of revenue generated outside of Iceland. (sh)