Klaveness Combination Carriers ASA (OSL:KCC)
kr 66.9 (0%) Market Cap: 3.97 Bil Enterprise Value: 5.94 Bil PE Ratio: 6.38 PB Ratio: 1.06 GF Score: 77/100
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Q1 2025 Klaveness Combination Carriers ASA Earnings Call Transcript

May 8, 2025 / 07:00 AM GMT
Release Date Price: kr56.9 (-6.11%)

Key Points

Positve
  • Klaveness Combination Carriers ASA (FRA:36K) achieved an average time charter equivalent of $22,400 per day, which is at the high end of their guidance range.
  • The company outperformed standard markets, achieving 1.2 times the tanker market and 2.7 times the dry market.
  • The board decided to distribute dividends of $0.05 per share, amounting to $2.5 million for the quarter.
  • Klaveness Combination Carriers ASA (FRA:36K) maintained a solid equity ratio of 57.8%, despite a slight decrease.
  • The company is on track with its ambitious carbon intensity target for 2025, with both fleets achieving an EOI of 6.3 for the quarter.
Negative
  • The company's EBITDA for the quarter was $15 million, down 26% from the previous quarter.
  • Profit for the quarter was $4.3 million, a 50% decrease from the last quarter.
  • Earnings per share dropped to $0.07 for the quarter.
  • The dry market experienced a weak start to the year, impacting overall earnings.
  • The company faced challenges in fully benefiting from stronger markets due to lower trading efficiency and changes in trading patterns.


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

KCCK.OL - Klaveness Combination Carriers ASA
Q1 2025 Klaveness Combination Carriers ASA Earnings Call
May 08, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Again, welcome to the first quarter result presentation.

I'll go straight to the same time, I'll go straight to the performance of the overview performance.

And it's very hectic, news flow on the geopolitics.

It was a rather weak start for our two markets, especially the dry market had a very weak performance in the start of the year, while the tank tanker market acted up better.

This translated into weaker results for our company and the time earnings for our two segments.

At the average, the clean boost and the car boost on $22,400 per day, which is, in the high end of the guiding range we gave back in February.

We continue to overperform the
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