Stolt-Nielsen Limited Reports Unaudited Results For the Fourth Quarter and Full Year 2024

30 Jan 2025 07:52 CET

Stolt-Nielsen Limited Reports Unaudited Results
For the Fourth Quarter and Full Year 2024

Strong performance in the 2024 financial year

LONDON, January 30, 2025 - Stolt-Nielsen Limited (Oslo Børs ticker: SNI) today
reported unaudited results for the fourth quarter and full year ended November
30, 2024. The Company reported a fourth-quarter net profit of $91.4 million with
revenue of $709.4 million, compared with a net profit of $98.4 million with
revenue of $695.2 million in the fourth quarter of 2023. The net profit for
2024 was $394.8 million with revenue of $2,890.6 million, compared with a net
profit of $296.7 million, with revenue of $2,820.2 million in 2023. The prior
year was negatively impacted by the MSC Flaminia loss provision of $155.0
million.

Highlights for the fourth quarter of 2024, compared with the fourth quarter of
2023, were:

* Stolt-Nielsen Limited (SNL) consolidated EBITDA(1) of $212.7 million, up
from
$208.4 million, with full year EBITDA of $843.0 million, up from $706.8
million in 2023.
* Earnings per share was $1.71, down from $1.84 in the prior year.
* Stolt Tankers reported operating profit of $83.4 million, down from $99.8
million.
* The STJS average time-charter equivalent (TCE) revenue was $30,185 per
operating day, compared to $30,144.
* Stolthaven Terminals reported operating profit of $26.2 million, up from
$26.0 million.
* Stolt Tank Containers reported operating profit of $16.6 million, up from
$14.2 million.
* Stolt Sea Farm reported an operating profit before fair value adjustment of
biomass of $6.1 million, up from $4.2 million.
* Stolt-Nielsen Gas reported an operating loss of $11.7 million, compared to a
loss of $0.9 million.
* Corporate and Other reported an operating profit of $8.7 million compared to
a loss of $11.6 million, predominantly reflecting lower profit-sharing and
employee related expenses.

Udo Lange, Chief Executive Officer of Stolt-Nielsen Limited, commented:

"I am incredibly proud of the team at Stolt-Nielsen for having achieved another
strong quarter with EBITDA(1) of $212.7 million, consolidating another
exceptional year, with EBITDA(1) at $843.0 million for the 2024 financial year.

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(1) Before fair value of biological assets, gain (loss) on sales of assets and
other one-time, non-cash items



This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

More information:
Access the news on Oslo Bors NewsWeb site

637387_Interim Accounts 4th Qtr 2024.pdf
637387_SNL-4Q24-Earnings-Release.pdf