Interim report January-September 2010
(Thomson Reuters ONE) -
January - September 2010
* Net revenues amounted to SEK 1,754 M (1,725)
* Profit before tax amounted to SEK 663 M (loss: 135)
* Profit after tax amounted to SEK 836 M (loss: 105)
* Earnings per share amounted to 29.30 SEK (loss 3.80)
Third Quarter 2010
* Net revenues amounted to SEK 593 M (549)
* Profit before tax amounted to SEK 778 M (loss: 53)
* Profit after tax amounted to SEK 795 M (loss: 38)
* Earnings per share amounted to 26.30 SEK (loss: 1.40)
* Profit for the quarter was positively impacted by SEK 775 M by the
acquisition of the joint venture companies within Offshore/Icebreaking
Business Area.
* As a result of the new share issue, the Norwegian company Kistefos became
the new majority shareholder.
* At the Extraordinary General Meeting held on September 22, Christen Sveaas
was elected new Chairman of the Board.
* Stefan Eliasson was appointed as President and CEO
The third quarter was an eventful period for TransAtlantic. This was mainly
because we carried out the largest transaction in the company's history when we
acquired the outstanding shares in the joint-venture company Trans Viking, which
we owned together with Viking Supply Ships AS in the Offshore/Icebreaking
business area. The transaction strengthens the bottom line of TransAtlantic's
balance sheet and its cash and bank balances, and provides the business area
with a more transparent structure. The transaction also provides Transatlantic
with the necessary prerequisites to develop its future offshore strategy and
meet the exacting requirements imposed on us by customers with respect to the
environment and safety activities.
While the acquisition of Trans Viking is of major significance to the Group, our
positive earnings trend is also well worth noting. For the first time since
2008, the Group reported a positive interim result. Although the earnings level
remains too low, it demonstrates a positive trend compared with the preceding
quarter and year. The main reason for this improvement was that all offshore
vessels were leased at profitable levels and that we reduced our costs in the
RoRo Baltic and Atlantic divisions of the Industrial Shipping business area.
Stefan Eliasson
President and CEO
Press conference
In conjunction with the publication of the Interim report January - September,
a teleconference will be held with media, investors and analysts on Thursday,
October 28, at 09:30, am with CEO Stefan Eliasson and CFO Ola Helgesson. Those
who wish to participate in the telephone conference call, please call
+46 8 23 23 90, code 892 111
This interim report is available in its entirety on the company
website,www.rabt.se.
[HUG#1456301]
Interim report January - September 2010:
http://hugin.info/135816/R/1456301/396121.PDF
Press release PDF:
http://hugin.info/135816/R/1456301/396120.PDF
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Rederi AB Transatlantic via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 46845
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contact information:
Town:
Skärhamn
Kategorie:
Business News
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