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 (12.06.2024):
Revenue Growth
In 2023, Svitzer Group A/S reported a revenue increase of 6% to DKK 5,786 million. This growth was primarily driven by a record number of harbour towage tug jobs, totaling over 150,000 for the year. When adjusted for foreign exchange impacts, the revenue growth rate was 9.5%.
EBITDA Performance
Svitzer Group A/S's EBITDA for 2023 rose by 4% to DKK 1,690 million, resulting in an EBITDA margin of 29.2%. This performance continues the company's trend of maintaining an average EBITDA margin around 30% over the past five years.
Strategic Developments
In early 2023, Svitzer Group A/S launched a new strategy focused on leading sustainable marine services and targeting future growth. This strategy is designed to align with industry megatrends such as decarbonization and digitalization of port operations.
Decarbonization Initiatives
Svitzer Group A/S has committed to significant environmental targets, aiming to reduce the CO2 intensity of its global fleet by 50% by 2030 and achieve fully carbon-neutral operations by 2040. In 2023, the company made substantial progress by reducing its CO2 intensity by 24% compared to 2020.
Future Outlook and Listing
Looking ahead to 2024, Svitzer Group A/S is preparing to become a stand-alone listed company on Nasdaq Copenhagen, following a decision by A.P. Møller – Mærsk to initiate a separation through a demerger. This move is expected to provide new opportunities for sustainable growth and strengthen Svitzer's position as an independent leader in global towage and marine services.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
974 M
Market cap (USD)
183,018
Daily traded volume (Shares)
219.35 / 212.95
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
Est P/E ratio
EPS (USD)
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Ratings & reviews
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