Jul 06, 2023 / 01:00PM GMT
Niels G. Stolt-Nielsen - Stolt-Nielsen Limited - CEO & Director
All right, good afternoon. Good morning. Thank you for joining us here today in London for our Second Quarter 2023 Earnings Presentation. Together with me, as always, Jens Gruner-Hegge, our CFO. We will go through -- as usual, we will go through the overview of Stolt-Nielsen. We will go through each of the businesses. Jens will take you through financials and then we will open up with Q&A at the end. And the Q&A is through this chat function, which you can then submit your questions, and we will try to answer all of them at the end of the presentation.
Moving on to the highlights for the quarter. Unfortunately, we had to take a loss provision of $155 million related to the Flaminia net of tax, $115 million on the net profit -- impact on the net profit. So if you look, when we include the net profit, our EBITDA came in at just below $80 million, the operating profit at $10.1 million and the net profit at $8.3 million. And it doesn't affect the net free cash flow but net debt-to-EBITDA at 2.91x as a multiple
Half Year 2023 Stolt-Nielsen Ltd Earnings Call Transcript
Feb 15, 2024
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