Rickmers Group in the red following massive impairment

An impairment of EUR 103 million pulls Germany's Rickmers Group into a net deficit of EUR 94.2 million for the first nine months of the year. The group's combined fleet grew to 138 ships in the period.
Photo: Rickmers Group
Photo: Rickmers Group
BY KATRINE GRØNVALD RAUN

Rickmers Group suffered a net loss of EUR 94.2 million in the first nine months of the year, according to the third quarter interim report. The deficit is attributed to an extraordinary impairment of EUR 103 million on the company's shipping assets, and the move has a severe impact on the consolidated result.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading