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Eimskipafelag Islands hf (EIMS.IC)

EIMS.IC on Iceland Stock Exchange

176.50ISK
11 Nov 2019
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Latest Key Developments (Source: Significant Developments)

Eimskip: Court Of Appeal Confirms District Court Verdict
Friday, 25 Oct 2019 

Oct 25 (Reuters) - Eimskipafelag Islands hf ::REG-EIMSKIP: COURT OF APPEAL CONFIRMS DISTRICT COURT VERDICT.COURT OF APPEAL CONFIRMED RULING OF REYKJAVIK DISTRICT COURT OF DISMISSAL OF FIRST CLAIM..EIMSKIP'S 2ND CLAIM THAT SEIZED DOCUMENTS FROM TWO DAWN RAIDS SHOULD BE RETURNED AND ALL COPIES DESTROYED WILL NOT BE DISMISSED.  Full Article

Eimskip: Information on Gylfi Sigfússon's claim
Monday, 7 Oct 2019 

Oct 8(Reuters) - Eimskipafelag Islands hf ::SAID ON MONDAY REYKJAVIK DISTRICT COURT RULED ON THE DISMISSAL CLAIM OF THE PROSECUTOR IN THE CASE.CONCLUSION IS THAT THE CASE SHOULD BE DISMISSED.REFERENCE IS MADE TO A PRESS RELEASE FROM MAY 19 REGARDING THE CLAIM OF THE FORMER CEO, GYLFI SIGFÚSSON, THAT THE INVESTIGATION OF THE DISTRICT PROSECUTOR SHOULD BE CEASED.  Full Article

Eimskip Starts Share Buy-Back Program
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Eimskipafelag Islands hf ::SAID ON MONDAY DECIDED TO INITIATE A SHARE BUY-BACK PROGRAM.NUMBER OF SHARES TO BE ACQUIRED WILL BE UP TO 3 MILLION, CA. 1.6% OF THE COMPANY'S ISSUED SHARE CAPITAL.TOTAL PURCHASE PRICE MAY NOT EXCEED ISK 0.5 BILLION AT MARKET VALUE.IT IS EXPECTED THAT THE BUY-BACK WILL START JUNE 11 AND RUN UNTIL JANUARY 24, 2020.  Full Article

Eimskipafelag Islands Q1 EBITDA Up At EUR 15.5 Mln
Thursday, 23 May 2019 

May 24 (Reuters) - Eimskipafelag Islands hf ::SAID ON THURSDAY Q1 OPERATING REVENUE EUR 164.0 MLN VS EUR 155.5 MLN YR AGO.Q1 EBITDA EUR 15.5 MLN VS EUR 7.3 MLN YR AGO.SAYS EIMSKIPS' PERFORMANCE EXCEEDED EXPECTATIONS IN THE FIRST QUARTER OF 2019 AND EBITDA FOR THE PERIOD WAS THE HIGHEST FIRST QUARTER EBITDA SINCE 2009.  Full Article

Eimskip Changes EBITDA Guidance To Between EUR 51 Mln And EUR 47 Mln
Friday, 26 Apr 2019 

April 26 (Reuters) - Eimskipafelag Islands hf ::ACCORDING TO MANAGEMENT REPORT FOR Q1 EBITDA TO BE ABOVE EXPECTATIONS AND IN RANGE OF EUR 10.3 TO 10.7 MILLION (EUR 7.3 MILLION YR AGO).REASONS FOR IMPROVED RESULT ARE RELATED TO ICREASED ACTIVITY AND VOLUME IN TRANS-ATLANTIC SERVICES AND FAROE ISLANDS AND BETTER OPERATING RESULT IN NORWAY.COMPANY CHANGES ITS EBITDA GUIDEANCE RANGE FROM EUR 49 TO 57 MILLION TO EUR 51 TO 57 MILLION.  Full Article

Eimskip Receives Ruling From Internal Revenue Board
Saturday, 16 Mar 2019 

March 18 (Reuters) - Eimskipafélag Íslands hf. ::SAID ON FRIDAY RECEIVED RULING FROM INTERNAL REVENUE BOARD ON CASE WHERE BOARD RULED AGAINST CLAIMS MADE BY CO.ESTIMATED EFFECT OF THE RULING IN THE INCOME STATEMENT OF Q1 2019 IS A EUR 3.4 MILLION INCOME TAX EXPENSE.TAKING INTO ACCOUNT UTILIZATION OF TAXABLE LOSSES THE CO ESTIMATES A PAYMENT OF EUR 0.5 MILLION.SAYS DISAGREES WITH RULING OF INTERNAL REVENUE BOARD AND WILL EVALUATE ITS OPTIONS IN RELATION TO THE RULING.  Full Article

Eimskip: Organizational Changes, Egill Örn Petersen New CFO
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Eimskipafelag Islands hf ::REG-EIMSKIP MAKES ORGANIZATIONAL CHANGES.HILMAR PÉTUR VALGARÐSSON, EXECUTIVE VICE PRESIDENT / CFO, WILL BECOME COO AND LEAD A NEW DIVISION, OPERATIONS.SUBSEQUENTLY TO THESE ORGANIZATIONAL CHANGES COMPANY'S SAILING SYSTEM WILL BE STREAMLINED.EGILL ÖRN PETERSEN, SENIOR MANAGER OF FINANCES WILL TAKE ON A NEW ROLE AS COMPANY'S CFO.NEW DIVISION, OPERATIONS, MERGES MAIN OPERATIONAL ENTITIES RELATING TO VESSEL OPERATION AND SAILING SYSTEM.THESE ORGANIZATIONAL CHANGES WILL AFFECT TEN FTE'S EITHER THROUGH LAYOFFS OR MEANINGFUL CHANGE OF RESPONSIBILITIES.SAILING SYSTEM WILL BE STREAMLINED.NUMBER OF VESSELS IN NORWEGIAN SAILING SYSTEM HAS BEEN REDUCED BY ONE.  Full Article

Eimskip Hires Vilhelm Már Þorsteinsson As New CEO
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Eimskipafelag Islands hf ::REG-VILHELM MÁR ÞORSTEINSSON HIRED AS NEW CEO OF EIMSKIP.Vilhelm Már Þorsteinsson to start on January 24.  Full Article

Eimskip Q3 EBITDA Down At EUR 17.6 Million
Tuesday, 20 Nov 2018 

Nov 21(Reuters) - Eimskipafélag Íslands hf ::REPORTED ON TUESDAY Q3 REVENUE EUR 182.2 MILLION, UP BY EUR 8.3 MILLION OR 4.8% FROM Q3 2017.Q3 EBITDA EUR 17.6 MILLION, DOWN BY EUR 1.7 MILLION FROM Q3 2017.CEO SAID MAIN REASONS FOR LOWER EBIDTA IN Q3 RELATE TO EUR 1.7 MILLION LOWER RESULTS IN THE OPERATION IN NORWAY AS TRANSPORTED VOLUME DECREASED AND BREAKDOWN OF REEFER VESSELS HAD A NEGATIVE IMPACT ON THE RESULTS.IN ADDITION, THE RESULTS FROM THE FREIGHT FORWARDING SEGMENT WAS EUR 1.4 MILLION LOWER COMPARED TO PREVIOUS YEAR.EXPECTS TO REALIZE GAINS FROM A NUMBER OF SHORT-TERM INITIATIVES TO IMPROVE THE OPERATION AND ITS PROFITABILITY GOING FORWARD.EBITDA GUIDANCE FOR THE YEAR 2018 WAS CHANGED ON SEPT 26 TO EUR 49 TO 53 MILLION nL8N1X90RN.  Full Article

Eimskipafelag Islands CEO Resigns
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Eimskipafelag Islands hf. ::SAID ON SUNDAY CEO GYLFI SIGFÚSSON WILL STEP DOWN AS THE CEO AT THE END OF THE YEAR..AS OF 1 JANUARY 2019 GYLFI WILL MANAGE EIMSKIP’S OPERATION IN USA AND CANADA, ALONG WITH THE FREIGHT FORWARDING COMPANY EIMSKIP LOGISTICS.  Full Article