Svitzer Group A/S
SVITZR
ISIN DK0062616637 / Valor 134670231
Svitzer Group A/S
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About company
Svitzer Group A/S, established in 1833, has evolved into a prominent global provider of port and terminal infrastructure services, leveraging its extensive history and expertise in the maritime sector. With a substantial fleet of 456 vessels, the company plays a crucial role in the maritime logistics chain, offering towage services that ensure the safe and efficient movement of ships, including cargo and container ships, tankers, and car carriers, into and out of ports and terminals. Operating in 141 ports and 40 terminals across 37 countries, Svitzer serves a diverse clientele of approximately 2,000 customers, highlighting its significant footprint in the global maritime industry. The company emphasizes the importance of customer engagement and innovation, actively seeking customer feedback and collaborating on the development of digital solutions and new business models to meet the evolving needs of the maritime logistics market.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (22.01.2026):
Svitzer Group A/S — reporting for Q4 2023 / year ended 31 December 2023 (Prospectus dated 22 March 2024). The Prospectus contains audited full-year 2023 results: revenue DKK 5,786m (+5.7% y/y), EBITDA DKK 1,690m (29.2% margin), profit for the year DKK 760m (Svitzer A/S share DKK 705m). Operating cash flow was DKK 1,416m; Free Cash Flow DKK 223m after gross CAPEX of DKK 1,465m. A material balance-sheet change: net interest‑bearing debt reported at DKK 3,745m (swing from net cash in 2022). The document is the prospectus for the demerger/listing of Svitzer Group A/S on Nasdaq Copenhagen.
Revenue and growth
Full-year 2023 revenue DKK 5,786m, +5.7% versus 2022. Harbour Towage represented ~69% of revenue (DKK 3,993m) and Terminal Towage ~31% (DKK 1,787m).
Profitability (EBITDA / EBIT)
EBITDA (non‑IFRS) DKK 1,690m with a 29.2% margin. EBIT (profit before financial items) DKK 1,007m. Harbour Towage EBITDA DKK 1,034m (25.9% margin); Terminal Towage EBITDA DKK 700m (39.2% margin).
Net profit and per‑group share
Profit before tax DKK 1,046m; profit for the year DKK 760m. Svitzer A/S’ share of profit DKK 705m (non‑controlling interests DKK 55m).
Cash flow and investment
Cash flow from operations DKK 1,416m. Gross CAPEX DKK 1,465m. Free Cash Flow (non‑IFRS) DKK 223m.
Balance sheet and leverage
Total assets DKK 14,378m; total equity DKK 6,379m. Current borrowings rose markedly to DKK 5,878m (from DKK 362m in 2022), producing Net Interest‑Bearing Debt (non‑IFRS) DKK 3,745m — a notable swing versus net cash in 2022.
Operational scale and ESG metric
Fleet 456 vessels across 37 countries; ~3,397 FTEs. Reported CO2 intensity reduction versus 2020 baseline: 24.4%.
Governance, demerger and listing
Prospectus relates to tax‑exempt demerger from A.P. Møller—Mærsk and planned admission of Svitzer Group A/S shares to Nasdaq Copenhagen (expected first trading day 30 April 2024, ISIN DK0062616637, ticker SVITZR).
Dividend policy and ownership
ListCo states an expected dividend policy of 40–60% of annual net profit available for distribution. Major initial shareholders will mirror Maersk shareholders at the demerger record date (notably APMH and related foundations hold significant stakes).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1324 M
Market cap (USD)
Daily traded volume (Shares)
228.55 / 220.3
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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