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Q1 2021 Stolt-Nielsen Ltd Earnings Call Transcript
Good afternoon, good morning, thank you for joining us for our Stolt-Nielsen's First Quarter 2021 Earnings Release. My name is Niels Stolt-Nielsen, I'm the CEO of Stolt-Nielsen Limited. And together with me, as always, is Jens Gruner-Hegge, our CFO.
(Operator Instructions) This presentation will also be recorded.
So if we then can move to next slide and the next one. So the agenda, I'll take you through the highlights of Stolt-Nielsen. I'll take you through our ESG reporting. I'll take you through each of the businesses. Jens will take you through the financials, and then we will open up for questions.
Can you then go to the next slide, please? So the first quarter, the seasonal weakness, but our EBITDA actually was up $20 million from the same quarter last year. We came in at a net profit of $2.5 million. The decrease of the EBITDA was mainly driven -- compared to the fourth quarter was mainly driven by lower volumes in Stolt Tankers, slightly lower volume or utilization at our Terminal
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