HC Andersen Capital Events 01/03: Meet the top management in Audientes, Green Hydrogen Systems & Hafnia
HC Andersen Capital is hosting excting digital events where you can meet and ask questions directly to the top management. It is free for all to attend.
Audientes - Presentation of 2022 Year-End report
Audientes released their 2022 Year-end report on 28 February 2023. Audientes’ CEO Steen Thygesen will present the results in a virtual live event followed by a Q&A session on 1 March 2023. Here you can get an update on the results and the recent business development, and ask your questions live.
Disclaimer:HC Andersen Capital receives payment from Audientes for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 15.47 - 28 January 2023.
Wednesday 1st of march, 09:00 - 09:30
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Green Hydrogen Systems - Præsentation af årsregnskabet 2022
Mød og stil spørgsmål til topledelsen i Green Hydrogen Systems, der vil fremlægge resultaterne for 2022 på et virtuelt live-event.
Disclaimer: HC Andersen Capital modtager betaling fra Green Hydrogen Systems for en Digital IR/Corporate Visibility abonnementsaftale. /Michael Friis kl. 08.10 d. 01-03-2023.
Wednesday 1st of march, 13:00 - 13:30
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Hafnia - Presentation of Q4 quarterly report 2022
On the 28th of february, Hafnia reported its Q4 2022 results rounding off the year with a strong quarter cementing Hafnia’s record year amid strong product tanker market conditions.
FY 2022 Hafnia realised TCE Income of USDm 1,346.7 (FY 2021 USDm 402,9), EBITDA of USDm 1006.9 (FY 2021 USDm 151.8), and a net profit of USDm 751.6 (FY 2021 USDm -55.5). This signals year on year TCE Income growth of 234% and EBITDA growth of 563%.
Hafnia fell a little short of consensus analyst estimates which were for revenues of USDm 1.382 and EBITDA of USDm 1.025 were as Net Income of USDm 749 was more in line.
Hafnia also announced a dividend of USD 0.3157 per share, supporting the three previous interim dividends which totaled USD 0.4873 per share, equal to USDm 243.7 taking total dividends FY 2022 to USDm 402 equal to around USD 0.80 per share or approximately NOK 8.30 - reflecting a yield of 13% at today’s share price. Analyst consensus on the dividend front was for USD 0,82 per share.
Hafnia’s result was driven by strong market conditions as product tanker rates surged on the back of EU sanctions against Russia which redirected oil product flows increasing the average distance vessels must travel (Tonne-miles).
Looking ahead to 2023, Hafnia expects market conditions to remain strong, supported by continued sanctions on Russia, particularly the EU embargo on Russian clean petroleum products (CPP), which came into effect on the 5th of February 2023. The implementation of the embargo and the market’s ability to circumvent the sanctions will likely be a key influence behind spot rates during 2023.
Hafnia also announced in its Q4 2022 earnings that it has reduced its positioning in the spot market, choosing to lock in some of the elevated product tanker rates with cover contracts. Hafnia now has 27% of its fleet covered for 2023.
Join our event on Hafnia where CEO Mikael Skov from Hafnia will present and answer questions.
Disclaimer: HC Andersen Capital receives payment from Hafnia for a Digital IR/Corporate Visibility subscription agreement. /Rasmus Køjborg, CFA at 15.47 on 28/02-2023.
Wednesday 1st of march, 13:30 - 14:00
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Disclaimer: HC Andersen Capital receives payment from the companies mentioned for a DigitalIR/Corporate Visibility agreement. The content is not buy or sell recommendations.
Mie Halse
Head of Digital and Events
mie@hcandersencapital.dk
+45 28746640
HC Andersen Capital digitizes the relationship between listed companies and investors. We work long-term for companies that want more visibility in the market. #DemocraticIR - HC Andersen Capital works to democratize access to the financial market.