d'Amico International Shipping SA (MIL:DIS)

Q1 2025 d'Amico International Shipping SA Earnings Call Transcript

May 8, 2025 / 12:00 PM GMT

Release Date Price: €3.12 (+2.09%)

Transcript

Key Points

Positve

d'Amico International Shipping SA (DMCOF) has a young fleet with an average age of 9.4 years, significantly below the industry average.
84% of the fleet is eco-design, compared to an industry average of 37%, indicating a focus on sustainability.
The company has a strong financial position with a net financial position of $114 million and a low net financial position to fleet market value ratio of 10%.
d'Amico International Shipping SA (DMCOF) has no refinancing needs for 2025 and 2026, providing financial stability.
The company has secured 78% of its total days for Q2 at an average blended daily rate of $23,500, indicating strong future revenue potential.

Negative

The company's net profit for Q1 2025 was $18.9 million, significantly lower than the $56.3 million profit in Q1 2024.
There is temporary cost pressure due to inflationary impacts on operating expenses and general administrative costs.
Asset values have been declining, with secondhand market transactions occurring at lower levels than previous valuations.
The market is experiencing a general aging of the fleet, which could lead to increased maintenance costs and potential for higher demolitions.
There is uncertainty in the market due to geopolitical factors and potential changes in charter rates and asset values.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

B7C.MI - d'Amico International Shipping SA
Q1 2025 d'Amico International Shipping SA Earnings Call
May 08, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the Carscal Conference operator. Welcome and thank you for joining the Damico International Shipping first quarter 2025 results web call.

All participants are in listen-only mode, and after the presentation, there will be a Q&A session.

At this time, I would like to turn the conference over to Federico Rosen, CFO. Please go ahead, sir.

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Unidentified_2 [2]
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Hello everyone and welcome to Domio International Shipping Conference call presentation for 2,125.

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