14.09.2020 Ernst Russ AG  DE000A161077

DGAP-News: Ernst Russ AG: Positive operating result in the first half of 2020


 

DGAP-News: Ernst Russ AG / Key word(s): Half Year Results
Ernst Russ AG: Positive operating result in the first half of 2020

14.09.2020 / 08:27
The issuer is solely responsible for the content of this announcement.


Hamburg, 14 September 2020: Ernst Russ AG finished the first half of 2020, which was marked by the spread and consequence of the COVID-19 pandemic, with a positive result.

The Group's assets, financial position and earnings showed positive development in the first half of 2020 compared with the same period in the previous year. The Group's operating earnings were up EUR 2.7 million to EUR 1.8 million. Consolidated net income for the period also increased to EUR 1.8 million. Equity was up from EUR 68.7 million to EUR 70.3 million due to the positive consolidated net income for the period. The equity ratio was 48.5 % (31 December 2019: 46.2 %). Due to various divestments, particularly in the residential housing projects sub-segment, Group liquidity increased from EUR 10.0 million to EUR 13.3 million. The half-year performance of Ernst Russ AG is attributable mainly to the streamlining of the Group's structure, which will enhance its ability to act effectively and in a flexible manner in the asset investment and management segment in the long term.

As at 30 June 2020, the ER Group managed 70 container ships, tankers and bulk ships as well as other assets with a total volume of around EUR 1.9 billion. The ER Group has a significant interest in 28 vessels, 14 of which are consolidated into the ER Group. This investment portfolio mainly consists of container ships in the 700 to 4,250 TEU classes, plus a handysize bulker with a capacity of 38,000 dwt and a ro-ro ferry.

In pursuit of its focus on the Shipping segment, Ernst Russ AG disposed of the residential housing projects sub-segment from the Real Estate segment at the beginning of the current financial year.

"Further development of our Shipping segment remains our primary goal. We want to continuously expand our fleet and become a leading tonnage provider in the international shipping industry," comments Ernst Russ AG CEO, Robert Gärtner. "Owing to the macroeconomic situation, our business activities are currently focussed on securing liquidity," adds Robert Gärtner.

The Ernst Russ 2020 Half-Year Report can be downloaded from www.ernst-russ.de.

Contact:
Ernst Russ AG
Anika Hillmer
Investor Relations
Tel. +49 40 88 88 1 1800
E-Mail: [email protected]


14.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Ernst Russ AG
Elbchaussee 370
22609 Hamburg
Germany
Phone: +49 (0)40 88881-0
Fax: +49 (0)40 88881-199
E-mail: [email protected]
Internet: www.ernst-russ.de
ISIN: DE000A161077
WKN: A16107
Listed: Regulated Unofficial Market in Frankfurt (Scale), Hamburg, Tradegate Exchange
EQS News ID: 1130815

 
End of News DGAP News Service

1130815  14.09.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 39,96 44,04 52,71 58,79 55,57 92,29 167,00
EBITDA1,2 4,77 10,71 8,60 9,00 9,70 40,13 86,00
EBITDA-Marge3 11,94 24,32 16,32 15,31 17,46 43,48 51,50
EBIT1,4 3,30 3,90 3,80 4,00 2,30 30,80 76,00
EBIT-Marge5 8,26 8,86 7,21 6,80 4,14 33,37 45,51
Jahresüberschuss1 6,46 6,35 6,38 1,77 4,74 26,29 49,00
Netto-Marge6 16,17 14,42 12,10 3,01 8,53 28,49 29,34
Cashflow1,7 4,58 -4,03 -0,98 12,25 8,03 39,72 43,00
Ergebnis je Aktie8 0,20 0,17 0,19 0,05 0,12 0,49 1,05
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Ernst Russ
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A16107 4,060 Kaufen 131,68
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
7,12 18,61 0,38 19,33
KBV KCV KUV EV/EBITDA
1,83 3,32 1,43 4,74
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 18.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
17.05.2022 25.08.2022 15.11.2022 24.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-29,42% -25,08% -35,56% 30,13%
    
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Finanzdienstleistungen , A16107 , HXCK , XETR:HXCK