- Stolt-Nielsen Limited (SNL) consolidated EBITDA1 of $215.6 million (€196.8 million), up from $197.8 million (€180.6 million).
- Stolt Tankers reported operating profit of $87.1 million (€79.5 million),up from $78.2 million (€71.4 million), largely driven by higher contract rates and improved spot volume.
- The STJS average sailed-in revenue for the quarter was $29,066 (€26,547), per operating day, up 7.0% from $27,162 (€24,808).
- Stolthaven Terminals reported operating profit of $25.1 million (€22.9 million), compared with $20.8 million (€18.9 million) as operating revenue at the terminals in the US and Brazil improved.
- Stolt Tank Containers reported operating profit of $39.3 million (€35.8 million), down from $44.9 million (€41 million). Lower transportation and demurrage revenue was partly offset by lower ocean freight cost and an increase in shipments.
- Stolt Sea Farm reported an operating profit before fair value adjustment of biomass of $5.6 million (€5.11 million), up from $3.3 million (€3 million), reflecting seasonally higher sales volumes during the Christmas season and higher prices for sole.
- Stolt-Nielsen Gas reported an operating loss of $3.4 million (€3.1 million), compared to a loss of $2.9 million (€2.64 million).
- Corporate and Other reported an operating loss of $9.2 million (€ million), compared with a loss of $10.4 million (€ million).
Stolt-Nielsen reports unaudited results for first quarter
Stolt-Nielsen Limited has announced its unaudited results for the first quarter ending February 28, 2023. The company reported a first-quarter net profit of $99.8 million (€91.1 million), with revenue of $708.7 million (€646.9 million), compared with a net profit of $95.3 million (€86.9 million), with revenue of $732.5 million (€668.6 million), in the fourth quarter of 2022.
Highlights for the first-quarter 2023, compared with the fourth quarter of 2022, were:
