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Eimskipafelag Islands hf (EIMS.IC)

EIMS.IC on Iceland Stock Exchange

331.75ISK
22 May 2017
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233.50 kr

Latest Key Developments (Source: Significant Developments)

Eimskip secures financing on new container vessels
Friday, 28 Apr 2017 08:05am EDT 

April 28 (Reuters) - EIMSKIPAFELAG ISLANDS HF :EIMSKIP HAS SECURED FAVORABLE FINANCING ON THE NEW CONTAINER VESSELS.LENDER IS GERMAN BANK KFW IPEX-BANK GMBH..ON JAN 25 , SIGNED A CONTRACT WITH CHINA SHIPBUILDING TRADING COMPANY LIMITED AND GUANGZHOU WENCHONG SHIPYARD CO. LTD. TO BUILD TWO CONTAINER VESSELS..  Full Article

Eimskip buyS 51% stake in Boston-based CSI Group LLC
Friday, 7 Apr 2017 02:29am EDT 

EIMSKIPAFELAG ISLANDS HF : ANNOUNCED ON THURSDAY ACQUISITION OF A 51% STAKE IN CSI GROUP LLC, A COMPANY WITH HEADQUARTERS IN BOSTON, USA, SPECIALIZED IN THE RE-MARKETING OF CONTAINER AND SHIPPING RELATED ASSETS .THE INVESTMENT IS AROUND EUR 1.0 MILLION.  Full Article

Eimskip disagrees with FSA's interpretation in relation to Q1 2016 results
Tuesday, 4 Apr 2017 07:44am EDT 

EIMSKIPAFELAG ISLANDS HF : EIMSKIP DISAGREES WITH THE INTERPRETATION OF THE FINANCIAL SUPERVISORY AUTHORITY . SAYS FINANCIAL SUPERVISORY AUTHORITY (FSA) IMPOSED FINE OF ISK 50 MILLION ON COMPANY IN RELATION TO PUBLICATION OF 2016 Q1 RESULTS . SAYS FSA CONSIDERS IT A VIOLATION THAT EIMSKIP DID NOT DISCLOSE EARLIER EIMSKIP'S IMPROVED RESULTS FOR Q1 OF 2016 OR NOTIFIED FSA ON DELAYED DISCLOSURE . SAYS EIMSKIP IS OF OPINION THAT ALL PREPARATION AND PUBLISHING OF 2016 Q1 RESULTS WAS DONE IN ACCORDANCE WITH APPLICABLE LAW AND GOOD CORPORATE GOVERNANCE .SAYS HAS DECIDED TO REFER THIS CASE TO ICELANDIC COURTS.  Full Article

Eimskipafélag Íslands: acquisition of Nor Lines rejected
Monday, 3 Apr 2017 07:28am EDT 

Eimskipafelag Islands hf : ACQUISITION OF NOR LINES REJECTED . NORWEGIAN COMPETITION AUTHORITY HAS TODAY REJECTED EIMSKIP'S ACQUISITION OF NORWEGIAN SHIPPING AND LOGISTICS COMPANY NOR LINES AS . THIS DECISION HAS NO EFFECT ON THAT FORECAST . ACQUISITION COST IN YEAR 2017 RELATED TO THIS PROJECT IS ESTIMATED EUR 300,000 WHICH WILL BE EXPENSED IN Q1 2017 .RESULT OF THIS DECISION IS THAT EIMSKIP IS NOT ALLOWED TO ACQUIRE NOR LINES.  Full Article

Eimskipafélag Q4 EBITDA stable at EUR 9.9 million
Friday, 24 Feb 2017 01:47am EST 

Eimskipafélag Íslands hf. : Reported on Thursday Q4 revenue of 140.5 million euros ($149 million) versus 130.6 million euros year ago . Q4 EBITDA 9.9 million euros versus 9.7 million euros year ago . Q4 EBIT 1.9 million euros versus 2.5 million euros year ago . Proposes dividend payment of 6.80 Icelandic crowns per share, total of about 11.0 million euros .EBITDA forecast for 2017 in range of 57 million to 63 million euros.  Full Article

Eimskipafélag Íslands Q3 EBITDA up 8.6 pct, FY EBITDA outlook lifted
Friday, 18 Nov 2016 01:57am EST 

Eimskipafélag Íslands hf. : Said on Thursday Q3 revenue was 134.1 million euros ($142 million), up by 4.3 million euros or 3.4 pct from Q3 year ago . Q3 EBITDA 17.8 million euros, up by 1.4 million euros or 8.6 pct from Q3 year ago .Says EBITDA forecast is changed from range of 49 million-53 million euros to EBITDA in range of 52 million-55 million euros.  Full Article

Eimskipafélag Íslands Q2 EBITDA up by 21.6 pct
Friday, 26 Aug 2016 01:29am EDT 

Eimskipafelag Islands hf. : Said on Thurday Q2 revenue 126.1 million euros ($142.3 million), down by 0.5 million euros or 0.4 pct from Q2 2015 . Q2 EBITDA 16.2 million euros compared to 13.3 million euros, up by 21.6 pct from Q2 2015 .Outlook for Q3 is in line with expectations: EBITDA forecast for FY 2016 is unchanged from what was presented in May, or EBITDA in the range of 49 to 53 million euros.  Full Article

Eimskipafelag Islands makes organizational changes
Friday, 27 May 2016 04:19am EDT 

Eimskipafelag Islands Hf : Makes organizational changes . Changes will be effective as from June 1 2016 . Company will be divided into five main divisions .Main alteration is creation of a new division of human resources.  Full Article

Eimskip and Royal Arctic Line A/S sign Letter of Intent
Wednesday, 18 May 2016 05:33am EDT 

Eimskipafelag Islands Hf : Eimskip and Royal Arctic Line A/S have signed a letter of intent to connect Greenland into Eimskip’s international sailing system through a capacity sharing agreement, connecting Greenland to the rest of the world .The two companies intend to work together through capacity sharing on larger vessels that will increase efficiency and service reliability.  Full Article

Eimskipafelag Islands hf gives FY 2016 EBITDA outlook; proposes FY 2016 dividend
Friday, 26 Feb 2016 03:08am EST 

Eimskipafelag Islands hf:The Board proposes a FY 2016 dividend payment of 6.50 Icelandic crowns per share, up by 30 pct from FY 2015.EBITDA forecast for FY 2016 in the range of 46 million to 50 million euros.  Full Article

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