CMB.Tech NV (XBRU:CMBT)

€ 10.08 0.905 (9.86%) Market Cap: 1.96 Bil Enterprise Value: 4.22 Bil PE Ratio: 1.84 PB Ratio: 1.97 GF Score: 67/100

Q2 2024 Euronav NV Earnings Call Transcript

Aug 08, 2024 / 12:00PM GMT

Release Date Price: €15.47 (-0.26%)

Transcript

Alexander Saverys

Euronav NV - CEO

Welcome to this Q2 2024 earnings release. I'm joined here today by our CFO, Ludovic Saverys. My name is Alexander Saverys, I'm the CEO of CMB.TECH. And topics of today's call will be a financial highlight first of all of the quarter, also highlighting everything we have done during the quarter and then we will zoom in on all our marine division, division-by-division and give you a market outlook to finish off with the conclusion and Q&A.

If you've seen the press release this morning, you have seen that the heading was transformation in full swing, and it means our company is in full transformation. We had an incredibly busy second quarter, ratifying the name change from Euronav to CMB.TECH. The ticker symbol has already changed. The real name change will take place on October 1.

But meanwhile, doing a lot of business, adding a contract backlog to our already large contract backlog. We have older new vessels. We have sold older tankers. We have taken delivery of many, many ships. And last but not least, we have also concluded our partnership with

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