17.05.2022 Ernst Russ AG  DE000A161077

DGAP-News: Ernst Russ AG Continues its Positive Revenue and Earnings Growth


 

DGAP-News: Ernst Russ AG / Key word(s): Quarter Results
Ernst Russ AG Continues its Positive Revenue and Earnings Growth

17.05.2022 / 09:10
The issuer is solely responsible for the content of this announcement.


Hamburg, 17 May 2022 - The Ernst Russ Group operating result showed positive trends in Q1 2022 in spite of the global political issues and the resulting economic consequences. Due to favourable trends in the shipping markets and investments made in expanding its fleet, the Group can look back on the fifth consecutive quarter of revenue and earnings growth.

The Ernst Russ Group had a majority holding in 28 vessels as of 31 March 2022. This portfolio consists mainly of container vessels in the 700 to 6,600 TEU classes, plus a handysize bulker with a capacity of 38,000 DWT and a multi-purpose vessel. Advantage was taken of the positive market environment to sell the vessels, Dance and Lotta Auerbach in Q1 2022 and Music in Q2 2022 and good gains on disposal were achieved. The acquisitions of the vessels Conmar Avenue and Faith (formerly Motivation D) in Q2 2022 were made in continuation of our business strategy and will contribute positively to revenues and earnings in the future.

The Q1 2022 financial statement illustrates the positive overall performance of Ernst Russ Group.
The statement shows that revenue was up EUR 18.5 million or 109% year-on-year to currently EUR 35.4 million. In addition to the increase in charter rates and good capacity utilisation, the expansion of the fleet by two vessels in Q1 2021 and, in particular, by a further twelve vessels at the end of Q4 2021, had a positive impact. Operating earnings of EUR 16.5 million (previous year: EUR 1.3 million) generated pre-tax earnings of EUR 15.1 million (previous year: EUR 0.2 million). Consolidated net income after non-controlling interests amounted to EUR 9.1 million (previous year: EUR 0.3 million). Ship assets were down EUR 15.3 million to EUR 194.9 million due to the sales of vessels in Q1. The other ship transactions described above will not have an impact on the assets, financial position and earnings of the ER Group until Q2 2022. Equity of EUR 154.7 million (31 December 2021: EUR 142.8 million) produced an equity ratio of 60.5% (31 December 2021: 54.2%).

The performance of the share price also reflects the positive overall result achieved by Ernst Russ AG. The share price reached a high of EUR 7.50 on 28 March 2022 and closed the quarter at EUR 7.25. The average price of the Ernst Russ share in the first three months of 2022 was EUR 6.02. Our corporate aim is to continue increasing the value of the share and boost investment in Ernst Russ AG.

You can download the latest Ernst Russ AG 2022 Quarterly Report at www.ernst-russ.de/en/investor-relations-de/finanzberichte.html .

About the Ernst Russ Group: Ernst Russ AG is an internationally operating ship owner and maritime investment manager based in Hamburg. Parts of the company date back to 1893. The Group currently manages a fleet of 28 fully consolidated vessels. The focus here is on container vessels with a capacity of between 700 and 6,600 TEU. Ernst Russ AG expands its fleet on an ongoing basis thus ensuring stable and sustainable added value for its shareholders.

Contact:

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


17.05.2022 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: 1353949

 
End of News DGAP News Service

1353949  17.05.2022 

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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