Latest news with #UdoLange
Yahoo
03-04-2025
- Business
- Yahoo
Stolt-Nielsen Limited to Host a Video Conference to Present the Results for the First Quarter of 2025
LONDON, March 28, 2025 – Stolt-Nielsen Limited (Oslo Børs: SNI) will host a virtual presentation to discuss the Company's unaudited results for the first quarter of 2025 on Thursday, April 3, 2025 at 15:00 CEST (09:00 EDT, 14:00 BST). The virtual presentation will be hosted by: - Mr. Udo Lange - Chief Executive Officer, Stolt-Nielsen Limited - Mr. Jens F. Grüner-Hegge - Chief Financial Officer, Stolt-Nielsen Limited- Mr. Alex Ng - Vice President Strategy & Business Development, Stolt-Nielsen Limited To join the event online, please click here. The link will also be available on our website. It may be necessary to download the Teams app to join by mobile phone, although attendees should not need to log in or create an account. The presentation slides will be published on the Investor section of our website here on the day of the presentation. For additional information please contact: Jens F. Grüner-HeggeChief Financial OfficerU.K. +44 (0) 20 7611 Alex NgVice President Strategy & Business DevelopmentUK +44 (0) 20 7611 Ellie DavisonHead of Corporate CommunicationsU.K. +44 (0) 20 7611 About Stolt-Nielsen LimitedStolt-Nielsen (SNL or the 'Company') is a long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture. The Stolt-Nielsen portfolio consists of its three global bulk-liquid and chemicals logistics businesses – Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers – Stolt Sea Farm and various investments. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange (Oslo Børs: SNI). This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Sign in to access your portfolio
Yahoo
31-01-2025
- Business
- Yahoo
Stolt-Nielsen Ltd (SOIEF) Q4 2024 Earnings Call Highlights: Strong EBITDA and Strategic ...
EBITDA: Over $200 million for the sixth consecutive quarter. Operating Revenue: Increased by 2% year-over-year. Operating Profit: Decreased by $9.6 million, impacted by a $6 million impairment. Free Cash Flow: Lower due to higher capital investments. Net Debt to EBITDA Ratio: Improved to 2.2. Net Profit (Q4): $91.4 million. Net Profit (Full Year): $394.8 million. Full Year EBITDA: $842.3 million. Capital Expenditures (Q4): $97.7 million. Cash and Cash Equivalents: $334.7 million at year-end. Stolt Tankers TCE Rate: Over $30,000 per day. Stolt Sea Farm Revenue: Up 15% year-over-year. Stolt Sea Farm Operating Profit: Up 45% year-over-year. Stolthaven Terminals Utilization: 90.9% for the quarter. Warning! GuruFocus has detected 6 Warning Signs with CNX. Release Date: January 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Stolt-Nielsen Ltd (SOIEF) achieved EBITDA over $200 million for a sixth consecutive quarter, indicating strong financial performance. The company has made strategic investments, including expanding its fleet and terminals, which are expected to drive future growth. Stolt-Nielsen Ltd (SOIEF) received gold ratings from EcoVadis for sustainability efforts, highlighting its commitment to environmental responsibility. The company's net debt to EBITDA ratio improved to 2.2, providing significant financial flexibility and a strong liquidity position. Stolt Sea Farm delivered strong results with a 15% increase in operating revenue and a 45% increase in operating profit year-over-year. Operating profit for the quarter was down by $9.6 million, impacted by a $6 million impairment on a high gas investment. Free cash flow was lower this quarter due to higher capital investments across the company's four businesses. The tanker division experienced a reduction in operating profit due to increased operating expenses and lower deep sea freight revenue. Equity income from joint ventures was down due to impairments and losses in Avenir and high gas operations. The company faces uncertainties from geopolitical factors and potential trade flow disruptions, which could impact future performance. Q: The shipments in Stolt tank containers declined for the second consecutive quarter. Is there anything more to be said about that? A: Udo Lange, CEO: We are optimizing margin and volume, which is improving our earnings. Our strategy focuses on driving overall earnings rather than just increasing volume. Q: How do you argue for dividends versus other uses of cash given the strong cash generation? A: Udo Lange, CEO: We balance capital allocation between investing in business growth and providing dividends to shareholders. Our priority is to ensure long-term business success while maintaining attractive dividends. Q: Can you talk about the contribution to 2025 earnings from HS 4 and Avenir? A: Jens Gruener-Hegge, CFO: With 100% ownership of Avenir and Hassel Shipping, we will consolidate them into our earnings, contributing approximately $50 million to $55 million combined in 2025. Q: How does the transaction impact LNG's growth plans going forward? A: Udo Lange, CEO: We aim to grow and consolidate in the LNG segment, leveraging our market-leading platform and new builds. This aligns with our strategy to enhance our liquid logistics and gas storage capabilities. Q: What is the reason for the significant increase in Tankers' CapEx compared to the Q3 presentation? A: Jens Gruener-Hegge, CFO: The increase is due to acquiring 100% of Hassel Shipping 4, progress payments on new builds, and equity injections into a joint venture with NYK. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
27-01-2025
- Business
- Yahoo
Stolt-Nielsen to Purchase Shareholding in Avenir LNG Limited
London, 27 January 2025 – Stolt-Nielsen Limited (Oslo Børs: SNI), through its subsidiary Stolt-Nielsen Gas Ltd., has today announced that it has entered into a share purchase agreement to acquire all the shares of Avenir LNG Limited ('Avenir LNG') owned by Golar LNG Limited and Aequitas Limited (the 'Transaction'). The Transaction is expected to be completed during the first quarter of 2025 (subject to fulfilment of the conditions to closing under the share purchase agreement). Upon completion, Stolt-Nielsen Gas Ltd. will control approximately 94.37% of the outstanding shares and votes in Avenir LNG. Avenir LNG is an industry leader in small-scale liquefied natural gas (LNG) supply and is focused on supporting the marine energy transition through one of the largest fleets of small-scale LNG vessels. Avenir LNG owns and operates a fleet of five modern small-scale LNG bunkering vessels, with two newbuildings under construction. Commenting on the transaction, Udo Lange, CEO, Stolt-Nielsen Limited said: 'I am very pleased to announce this increased investment in Avenir LNG. This strategic move not only strengthens our position in the LNG sector but also underscores our commitment to pursuing more sustainable energy solutions for the maritime, industrial, and power generation markets. I am excited about the possibilities ahead and confident that this partnership will propel us into new avenues of growth and impact.' Jonathan Quinn, Managing Director Avenir LNG, added: 'Today marks an exciting new chapter for Avenir LNG as we continue to execute our strategy to become the leading small-scale LNG shipping and trading company. On behalf of the entire team at Avenir LNG, I wish to extend my thanks to the founding shareholders whose support and guidance has been instrumental in positioning Avenir LNG at the forefront of the marine energy transition since we launched in October 2018. With the increased support from Stolt-Nielsen Limited, Avenir LNG is well positioned to act dynamically as we pursue our growth strategy in this burgeoning market.' Subject to completion of the Transaction, Stolt-Nielsen Gas Ltd. intends to offer to buy the shares of all remaining shareholders in Avenir LNG. Further information about the offer (if launched) will be published on Avenir LNG's ticker 'AVENIR' on Euronext NOTC. DNB Markets, a part of DNB Bank ASA, is acting as financial advisor to Stolt-Nielsen Limited. This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Avenir LNG Limited, at the date and time as set out above.
