2020 Bulkers Ltd (OSTO:2020)
kr 124.5 3.1 (2.55%) Market Cap: 2.82 Bil Enterprise Value: 3.83 Bil PE Ratio: 3.10 PB Ratio: 1.69 GF Score: 46/100
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Q1 2023 2020 Bulkers Ltd Earnings Call Transcript

May 10, 2023 / 01:00PM GMT
Release Date Price: kr102.2
Magnus Halvorsen
2020 Bulkers Ltd. - Co-founder & Chairman

Thank you, operator. Welcome, everyone, to the first-quarter 2023 earnings conference call for 2020 Bulkers. As usual, I'm also joined here today by our Chief Financial Officer, Mr. Vidar Hasund.

Before we start the presentation, we'd like to remind you that we will be discussing matters that are forward-looking in nature. These forward-looking assumptions are based on the company's current views with regards to future events and are subject to risk and assumptions, subject to uncertainties. As such, actual results may differ materially. And with that, I'll move over to the highlights for the quarter.

2020 Bulkers generated a net profit of $0.8 million in the first quarter. Although this is not a very high number and the market certainly points to better times ahead, we are happy to maintain the unbroken track record of profitability every quarter since we've got our first vessel in operations.

Again, we outperformed the Capesize Index and achieved time charter equivalent earnings of $17,500 per day, compared to

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