Ernst Russ AG
HXCK
ISIN DE000A161077 / Valor 30376429
Ernst Russ AG
UMushroom community rating:
About company
Ernst Russ AG is a venerable entity in the shipping industry, tracing its origins back to 1893. Over the decades, it has transformed from its 19th-century roots into a modern, internationally active, publicly traded company with a focus on shipping and asset management. The company has successfully navigated the complexities of the 20th and 21st centuries, establishing itself as a significant player in the global shipping sector. Ernst Russ AG leverages its extensive experience in shipping to offer sophisticated asset and investment management services, underpinned by a robust equity base and diverse financing options. This strategic approach is facilitated by its listing on the Scale segment of the Frankfurt Stock Exchange, which ensures transparency and access to growth capital. The company underscores the critical role of shipping in maintaining global trade networks, a fact that has become even more apparent during challenges such as the coronavirus pandemic. Ernst Russ AG's operations highlight the enduring importance of shipping as a key component of international trade and infrastructure, positioning the company as an essential link in the global trade network.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Revenue Growth
In the 2023 financial year, Ernst Russ AG reported a revenue increase of EUR 11.0 million, bringing the total revenue to EUR 202.7 million. This growth reflects the company's ability to navigate challenging market conditions and capitalize on strategic opportunities.
Operating Earnings
Ernst Russ AG's operating earnings for the 2023 financial year were robust, amounting to EUR 86.6 million. Despite a slight decrease from the previous year, the company maintained strong performance through effective management and operational efficiency.
Net Income
The consolidated net income after tax and before non-controlling interests for Ernst Russ AG in 2023 was EUR 81.6 million. This positive result underscores the company's resilience and successful financial strategies amidst a volatile market environment.
Equity Ratio
As of December 31, 2023, Ernst Russ AG's equity ratio increased to approximately 76.4%, up from around 73.2% the previous year. This improvement highlights the company's strengthened financial position and prudent capital management.
Dividend Proposal
For the 2023 financial year, the Executive Board and Supervisory Board of Ernst Russ AG have proposed a dividend of EUR 1.00 per share. Shareholders will have the option to receive this dividend in cash or in the form of company shares, reflecting the company's commitment to delivering value to its investors.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
191 M
Market cap (USD)
40,440
Daily traded volume (Shares)
6.2 / 5.68
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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