Stolt-Nielsen Ltd (OSL:SNI)
kr 290 3.5 (1.22%) Market Cap: 19.40 Bil Enterprise Value: 41.11 Bil PE Ratio: 3.61 PB Ratio: 0.84 GF Score: 86/100
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Q2 2019 Stolt-Nielsen Ltd Earnings Call Transcript

Jul 03, 2019 / 12:00PM GMT
Release Date Price: kr103.8 (+1.17%)
Operator

Welcome to the Stolt-Nielsen Second Quarter 2019 Results Presentation. Today's presentation is recorded.

Please let me hand the presentation over to Mr. Niels Stolt-Nielsen, Chief Executive Officer. Please go ahead, sir.

Niels G. Stolt;Nielsen
Stolt-Nielsen Limited - CEO & Director

Thank you. Good afternoon, good morning. Thank you for joining us for our second quarter 2019 earnings results. I'll be referring to a presentation, which is on our website. The agenda: I'll go through the second quarter highlights, then I'll go through each of the businesses, Jens will take you through the financials and then we will open up for question-and-answers at the end.

If we move to Page 4. The operating profit in Stolt Tankers of $12.8 million, that's down from $14.3 million, but that was mainly due to an estimated $5 million impact on the fire that we saw in Houston, at ITC Houston Terminal. So if you actually take away that $5 million, the underlying, there was a slight improvement in the earnings of Stolt Tankers.

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