- Marked improvement in the shipping business from previous quarter -
- Impairment loss on coldstore assets of EUR 176.1m -
Highlights for the quarter
• Revenue of EUR 298.6m (Q2 2008: EUR 319.4m), decreasing by 6.5% from previous
year
• Operating expenses of EUR 263.9m (Q2 2008: EUR 288.6), decreasing by 8.6%
from previous year
• EBITDA of EUR 34.7m, or 11.6% of revenue, an increase of 12.6% from previous
year when it was EUR 30.8m, or 9.6% of revenue
• Financial expenses of EUR 22.5m, including exchange gains of EUR 6.5m
• Loss from continuing operations of EUR 190.2m
• Loss from discontinued operations of EUR 24.3m
• Loss for the quarter of EUR 214.5m (Q2 2008: loss EUR 100.8m)
• Total assets at the end of the period of EUR 1,540.6m
• Total liabilities at the end of the period of EUR 1,931.0m
• Equity at the end of the period was negative EUR 390.4m
See attachment for full results
