tiprankstipranks
Company Announcements

KCC Reports Strong 2024 Financial Performance and Sustainability Commitment

Story Highlights
KCC Reports Strong 2024 Financial Performance and Sustainability Commitment

Klaveness Combination Carriers AS ( (DE:36K) ) has issued an announcement.

Klaveness Combination Carriers ASA reported strong financial performance in 2024, with an EBITDA of USD 126.5 million and a return on equity of 23%. Despite a slight increase in carbon intensity, the company’s environmental performance remains significantly better than industry standards. The report underscores KCC’s commitment to sustainability and governance, highlighting its efforts to reduce its environmental impact and enhance its social contributions.

More about Klaveness Combination Carriers AS

Klaveness Combination Carriers ASA (KCC) is a global leader in the combination carrier industry, operating a fleet of CABU and CLEANBU vessels designed for transporting both wet and dry bulk cargoes. These vessels are highly efficient, emitting up to 40% less CO2 per transported ton compared to standard vessels, and are utilized in trades that minimize ballast.

YTD Price Performance: -12.91%

Average Trading Volume: 1,095

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €330.3M

For an in-depth examination of 36K stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1