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Join and ask questions to CEO Mikael Skov from Hafnia, who will present the latest numbers for Q1 2023. The event will take place on Tuesday 23 May at 11:00 a.m.
The report is expected on Friday 19 May. Hafnia is not guiding themselves, either on a full year or quarterly. Consensus expectations, according to Refinitiv, among 4 analysts are for a TCE Income of USDm 395.7, while EBITDA and Net Income are expected at USDm 304.3 and USDm 233.5, respectively, in Q1 2023. That is a little lower than the levels realized in Q4 2022, where TCE Income was at USDm 427.4, EBITDA was at USDm 335.9, and Net Income stood at USDm 263.8. However, we have seen rates come down in 2023, so analysts are most likely accounting for that.
Hafnia has paid quarterly dividends every quarter since Q1 2022 and is expected to do the same for the coming quarter. In Q4 2022, dividends were USD 0.3157 per share, equal to 60% of Net Profit. Current consensus expectations for Q1 2023 are for a dividend of USD 0.21 per share or NOK 2.22 per share equal to a yield of approx. 4.2% at the current share price and exchange rate.
Disclaimer: HC Andersen Capital receives payment from Hafnia for a Digital IR/Corporate Visibility subscription agreement. /Rasmus Køjborg, CFA at 11.39AM on 09/05-2023.