Ernst Russ AG Reports Stable Q1 2025 Amid Global Challenges

In the first quarter of 2025, Ernst Russ AG showcased a stable business performance despite global economic uncertainties. The company attributed its success to a well-implemented fleet strategy and robust operational performance. However, a tragic incident involving the Solong vessel on March 10 impacted the company.

During this period, Ernst Russ AG simplified its ownership structures by divesting non-strategic minority shareholdings. This included increasing stakes in vessels Hebe, Rubina, and Venetia, while selling its joint venture share in ESL Wasl and the vessel Andante.

Financially, the group reported a revenue drop of 13% to EUR 40.9 million. Nonetheless, operating profit surged by EUR 19.3 million to EUR 40.3 million, primarily due to vessel sales. Net income rose from EUR 13.8 million to EUR 24.6 million, with equity rising to EUR 284.3 million, equating to an 80.4% equity ratio.

Moving forward, Ernst Russ AG anticipates revenue between EUR 147 million and EUR 167 million for the 2025 fiscal year. Expected EBIT ranges from EUR 43 million to EUR 73 million, with total EBIT, including vessel sales, projected between EUR 75 million and EUR 105 million.