Rickmers set to tighten its belt

摘要

Ongoing pressures on shipping markets had quite an impact on all three of the Rickmers Group's business segments. The group's consolidated revenues came to EUR 271.7 million in the first six months of this year, a decline of 5.9% compared to the corresponding period in 2013. Although the Rickmers Group's consolidated operating result (ebitda) slipped to EUR 101.5 million, its earnings before taxes (ebt) remained positive, at EUR 1.1 million. The company said that, despite undertaking additional debt capital sourcing transactions, its overall net financial debt position had decreased slightly, namely from EUR 1.575 billion on 31 December 2013, to EUR 1.542 billion on 30 June 2014. Equity remained stable at EUR 571.3 million, compared to EUR 569.4 million in the previous period.