Q4 2024 Stolt-Nielsen Ltd Earnings Call Transcript
Key Points
- 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.
Welcome to Stolt-Nielsen's 2024 fourth-quarter results. As always the earnings release and related materials are available on our website. We will also be recording this session and it'll be available from tomorrow.
Included in this presentation are various forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, and we refer you to our latest annual report for further details.
I'm Alex Ng, Vice President of Corporate Development and Strategy. Joining me today is Udo Lange, our CEO; and Jens Grüner-Hegge, our CFO.
At the end of the presentation there will be a Q&A session. (Event Instructions)
Thank you and over to you, Udo.
Thank you so much, Alex, and welcome, everyone, and thanks for joining us. We are really pleased to present our Q4 results to you today and to be able to share this with international participants online as well as usual.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
