An update from Havila Shipping ASA ( (DE:H4S) ) is now available.
Havila Shipping ASA reported stable freight revenues of NOK 148.0 million in Q4 2024, with a slight increase from the previous quarter. Despite a decrease in operating income before depreciation compared to Q4 2023, the company managed to settle significant interest-bearing and non-interest-bearing debts through refinancing and debt-to-equity conversion. This restructuring effort, along with maintaining a high fleet utilization rate of 92%, positions Havila Shipping to strengthen its financial stability and operational efficiency, potentially benefiting stakeholders and enhancing its market positioning.
More about Havila Shipping ASA
Havila Shipping ASA is a leading provider of quality assured supply services to the offshore industry, both nationally and internationally. The company operates 14 vessels across subsea construction, anchor handling, platform supply, and multi-field rescue recovery. With a strong focus on earnings, safety, and human resources, Havila Shipping has been a key player in the offshore supply sector for over 40 years, supported by its principal shareholder, Havila Holding AS.
YTD Price Performance: -47.27%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €33.8M
For a thorough assessment of H4S stock, go to TipRanks’ Stock Analysis page.