Earnings DeclineShipping's EBITDA declined by 51.4% YoY to € 16.0m, 19.1% margin, because of the expected normalisation of the freight rates in 2024.
Shipping ProfitabilityThe 3Q shipping profitability was affected by the dry docking of two ships, leading to higher costs.
Stable Turnover And Reduced 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.