Ernst Russ AG continues to consistently pursue its strategic course
As the company announced today via ad-hoc disclosure, it has adjusted its guidance for the full year 2026. Forecast operating result (EBIT) is now expected in a range of EUR 55 to 65 million (previously: EUR 45 to 55 million). Expected revenues are now anticipated in a range of EUR 150 to 160 million (previously: ...
Ernst Russ AG has revised its guidance for 2026, projecting an EBIT range of EUR 55 to 65 million, an increase from the previous EUR 45 to 55 million forecast. Revenue guidance has also been adjusted to EUR 150 to 160 million, up from the prior range of EUR 145 to 160 million. This upward revision is due to the strategic sale of the MV "EF Emma," a 1,710 TEU container vessel built in 2008 and jointly operated with Icelandic shipping company Eimskip.
The vessel's handover is scheduled for the fourth quarter of 2026, and the purchase price remains undisclosed. The revised revenue projection is based on already concluded charter agreements and the group's fleet utilization of approximately 97% in line with planning. Additionally, Ernst Russ AG is expanding its tanker segment by acquiring two more sister vessels to its existing four, bringing the fleet to six units.
These new vessels, built at Wuhu Shipyard Co., Ltd. in China, feature MarineLINE-coated tanks and are designed to meet ESG requirements and specific market needs. The staggered delivery and five-year contracts for the first four units, combined with at least three years' charters for the new vessels, create a flexible renewal profile and long-term cashflows.
The chairman of Ernst Russ AG, Dr Christopher Eilers, and Co-CEO Joseph Schuchmann, emphasized the company's commitment to its strategic cornerstones of fleet diversification, modernization, and increasing charter backlog.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.