Ernst Russ AG Releases 2024 Financial Results Amid Challenging Environment

Ernst Russ AG, a prominent shipping company, disclosed its financial performance for 2024. Despite global economic and geopolitical challenges, including regional conflicts and trade tensions, the company reported stable growth. The group achieved a consolidated net income of EUR 71.8 million, benefitting from strategic investments and sustainable fleet management. Meanwhile, group liquidity increased by EUR 43.3 million, supported by positive operating cash flow.

For 2025, Ernst Russ AG forecasts revenues between EUR 147.0 million and EUR 167.0 million, predicting EBIT from ship operations to range from EUR 43.0 million to EUR 73.0 million. The company aims to enhance efficiency by reducing minority shareholdings and simplifying its investment structures. Ernst Russ AG also plans to propose a dividend of EUR 0.20 per share at the upcoming Annual General Meeting.