Q1 2025 Stolt-Nielsen Ltd Earnings Call Transcript
Key Points
- Stolt-Nielsen Ltd (SOIEF) achieved a solid EBITDA of over $190 million in Q1 2025 despite challenging market conditions.
- The company's non-shipping EBITDA increased by 6%, providing stability and balancing the decline in tankers EBITDA.
- Stolthaven Terminals saw improved utilization and strong margins, contributing positively to the group's performance.
- Stolt Sea Farm experienced an excellent Christmas season with strong pricing and increased sales volumes.
- The company announced a relaunch of its share buyback program, indicating confidence in its financial position and commitment to shareholder returns.
- Stolt-Nielsen Ltd (SOIEF) faced a 70% decline in tankers EBITDA due to geopolitical uncertainties impacting customer supply chain decisions.
- Operating revenue decreased by nearly 5%, primarily driven by lower volumes in Stolt tankers.
- Net debt to EBITDA increased to 2.8 times, reflecting significant investments and reduced cash flow.
- The chemical tanker market is experiencing elevated uncertainties from trade tariffs and potential US port fees, impacting volumes.
- The company's net cash flow was negative $178 million, resulting in a reduction of cash and cash equivalents.
Good afternoon and welcome to Stolt-Nielsen's first-quarter 2025 results. As always, the earnings release and related materials are available on our website. We will also be recording this session and playback will be available on the website 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 are Udo Lange, CEO; and Jens Grüner-Hegge, CFO. At the end of the presentation, there will be a Q&A session where you will be able to take questions online. To ask a question, simply type into the Q&A function on your screen. Thank you, and over to you, Udo.
Thanks, Alex. Welcome, everyone, and thanks for joining us for our Q1 results today. The presentation
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