In Q3 2025, Eimskip’s operations fell short of expectations. Liner volumes increased by 1.5%, but freight rates dropped. Revenue was EUR 204.7 million, down 6.5% from Q3 2024. EBITDA declined by 38% to EUR 20.4 million. Net profit was EUR 5.6 million, lower than last year. The liquidity position remained strong.

CEO Vilhelm Már Thorseinsson explained the challenges faced by Eimskip in Q3 2025. Revenue decreased by 6.5%, driven by unit price declines and global freight rate drops. The decision to reduce vessel fleet and costs was made due to various factors affecting the business. Efforts to improve efficiency and reduce costs are ongoing.

Eimskip’s Logistics segment showed strong performance due to cost-reduction initiatives. International Forwarding segment delivered satisfactory results despite lower global freight rates. Salary expenses rose by 8.1%, mainly due to wage agreements in Iceland. Recent production reductions will impact volumes and results, prompting operational adjustments.

Efficiency measures have been implemented to address operational challenges, including reducing the vessel fleet and launching cost-saving projects. The Company aims to strengthen core operations, maintain cost discipline, and establish a clear pricing policy. Investor meeting on November 12 will provide further insights on Q3 2025 results and future plans.

Read more at GlobeNewswire: Eimskip: Third quarter 2025 results