Havila Shipping ASA:Second quarter 2024 accounts

Summary Freight revenues were NOK 146.0 million in the Q2 2024, a decrease of NOK 49.1 million compared to the corresponding period last year and an increase of NOK 29.3 million compared to the previous quarter.The average rate is higher this quarter than the previous quarter.Operating expenses were NOK 74.5 million in the second quarter, a reduction compared to the Q2 2024 last year and the previous quarter this year of NOK 33.0 million and NOK 6.7 million respectivelyThe company...

Fosnavag, 27/08/2024 (informazione.news - comunicati stampa - economia)

Result for 2 quarter 2024

Result for 1st half of 2024

Balance and liquidity per 30/06/24

Total current assets amounted to NOK 301.0 million on 30/06/24, whereof bank deposits were NOK 166.0 million (whereof NOK 8.7 million restricted cash related to withholding tax and interest and instalment payments). On 30/06/23, total current assets amounted to NOK 312.7 million, whereof bank deposits amounted to NOK 82.2 million (of this NOK 9.5 million restricted cash related to withholding tax).

Net cash flow from operations was per 30/06/24 NOK 139.8 million (NOK - 42.9 million). Cash flow from investing activities was NOK - 10.7 million NOK 1.9 million). Payment of loan instalments and lease liabilities constituted a net change from financing activities of NOK - 62.7 million (NOK - 31.6 million).

As of 30/06/24, the book value of the fleet is NOK 1,186 million.

All loan debt is recognized as short-term debt in the balance sheet per 30/06/24. Total loan debt amounts to NOK 1,356.4 million and consist of interest-bearing debt of NOK 526.4 million and non-interest-bearing debt NOK 547.6 million, as well as convertible liquidity loan of NOK 282.0 million and accrued interests of NOK 0.4 million. As of 30/06/24, nominal value of interest-bearing debt was NOK 528.6 million, and nominal value of non-interest-bearing debt was NOK 1,337.0 million. All nominal interest-bearing debt is in NOK.

Fleet

Havila Shipping ASA operates today 14 vessels,

Employees

Havila Shipping ASA had per 30/06/24 242 employees on the company's vessels and 14 employees in the administration.

Contracts:

Chief Executive Officer Njål Sævik, +47 909 35 722
Chief Financial Officer Arne Johan Dale, +47 909 87 706

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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