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Join our event on Hafnia to get an update on 2022 which turned out to be the best year in the company’s history and learn more about what we should expect in 2023. CEO Mikael Skov from Hafnia will present and answer questions. The event will take place on Wednesday 1 March at 01:30 p.m.
Hafnia does not provide guidance, but consensus expectations are looking for revenue (TCE Income) of USDm 435 for Q4 2022 versus USDm 112.6 in Q4 2021. This would equal USDm 1,381 for the full year 2022, which represents growth of almost 250% versus 2021.
EBITDA is expected to follow suit with consensus expectations for Q4 2022 of USDm 336.3 compared to USD 47.1 a year ago. On a full-year basis, EBITDA is estimated at USDm 1,025 in 2022 – up from USDm 151.8 for the full year 2021. A good illustration of the forces and magnitude of earnings in play in this industry.
We would also expect the market to look out for the quarterly dividend payments for Q4 2022. Dividends in the 3 previous quarters have been USD 0.021, 0.1862 and 0.2801 respectively. For Q4 2022, analyst expectations are for around USD 0.35 which would bring the total dividend for the year to USD 0.8373 per share. That’s equal to around NOK 8.6 versus the current share price of NOK 64, thus returning a full-year yield of 13-14%.
Disclaimer: HC Andersen Capital receives payment from Hafnia for a Digital IR/Corporate Visibility subscription agreement. /Rasmus Køjborg, CFA at 9.54 on 22/02-2023.