Financial PerformanceShipping's EBITDA declined by 51.4% YoY to € 16.0m, 19.1% margin, because of the expected normalisation of the freight rates in 2024.
ProfitabilityOrsero's H1-24 results showed the trend already anticipated in Q1 and with the FY-24 guidance, namely broadly stable turnover and a reduction in profitability due to a full back-to-normal of the shipping activity and lower margins concerning bananas.
Shipping ProfitabilityThe 3Q shipping profitability was affected by the dry docking of two ships, leading to higher costs.