Stolt-Nielsen Limited, a global leader in liquid logistics and sustainable aquaculture, announced a year of exceptional achievements in its 2024 Annual Report. The company reported record-high levels of EBITDA, exceeding expectations across all its divisions despite fluctuating market conditions. Key highlights include:
Record Financial Performance: SNL achieved record high EBITDA (earnings before interest, taxes, depreciation and amortisation) before fair value adjustments. Net profit reached $394.8 million, compared to $296.7 million in 2023 (excluding the impact of a provision related to the MSC Flaminia claim, 2023 net profit would have been $411.7 million). Earnings per share were $7.38.
Strong Divisional Performance: Each of SNL’s divisions contributed significantly to the overall success. Stolt Tankers benefitted from capacity constraints and strong market demand, achieving record-high average time charter earnings per operating day. Stolthaven Terminals saw strong storage rates and completed several expansion projects. Stolt Tank Containers experienced record shipment volumes despite challenging market conditions. Finally, Stolt Sea Farm achieved record sales and higher average sales prices for both turbot and sole.
Strategic Ambitions and Sustainability: SNL’s “Simply the Best” strategy focuses on exceeding expectations across customer experience, people and shareholder returns. The company continues its strong commitment to sustainability, earning multiple EcoVadis Gold ratings and making significant investments to improve its environmental footprint, reduce waste and use sustainable energy sources across its operations. The company aims to achieve a balance across various sustainability initiatives
For more information visit www.stolt-nielsen.com
