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Q2 2022 Stolt-Nielsen Ltd Earnings Call Transcript
Good afternoon, good morning. Thank you for joining us here today. We are live from London to present Stolt-Nielsen's second quarter 2022 results. Together with me here in London is Jens Gruner-Hegge, our CFO.
Moving to the agenda. As always, we will go through each of the businesses, and Jens will then take us through the financials. And I will then open up for questions and answers at the end of the presentation.
Moving now to Slide 4, the highlights for the quarter. We came in at the net profit of $58.6 million, that's up from $52.3 million in the first quarter. The EBITDA came in at $176 million, and that's up from $159 million the previous quarter. That was driven by the improved spot market and volume that we saw in Stolt tankers, both the volume and the rates went up during the quarter. Stolthaven Terminals, we had high utilization and also higher throughput in most of our terminals. Stolt Tank Containers continues to deliver increased shipments and higher demurrage revenue.
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