Eimskip stock reports 11.4 percent Q2 revenue growth

Eimskip stock is tied to a stronger second quarter, with revenue reaching EUR 225.4 million in Q2 2026. FreshPlaza reported the figures on September 18, 2026, highlighting an EUR 23.1 million or 11.4 percent year-over-year increase.

Forwarding revenue leads growth

The business mix provides the clearest explanation for the increase. Forwarding revenue rose EUR 13.6 million, or 21.2 percent, supported by higher freight rates, greater volumes and special cargo projects, according to FreshPlaza.

Liner revenue increased EUR 9.9 million, or 10.2 percent, even as Liner volume declined 2.4 percent. That contrast indicates that pricing, cargo mix and special shipments contributed more to the quarter than shipment growth alone.

Higher costs limit EBITDA expansion

Eimskip's operating expenses reached EUR 204.1 million, up EUR 23.0 million or 12.7 percent from the prior-year quarter. FreshPlaza attributed the increase to higher bunker, freight, trucking and vessel-chartering costs linked to geopolitical tension in the Middle East.

Bunker costs alone increased EUR 5.7 million, or 52.7 percent, despite consumption falling 5.8 percent. EBITDA amounted to EUR 21.3 million, while a seafarers' strike reduced the quarter's result by EUR 0.7 million.

Efficiency program adds a second lever

Operational initiatives offer a separate earnings lever. Eimskip realized EUR 3.2 million of the planned measures in Q2, generating a positive EBITDA impact of EUR 2.7 million, according to FreshPlaza. The figures make cost control important because expense growth of 12.7 percent exceeded the 11.4 percent rise in revenue.

Nasdaq Iceland snapshot

Eimskip was trading at ISK 264.00 on Nasdaq Iceland on September 29, 2026 at 2:25 p.m. CEST. The market capitalization was ISK 42.7 billion, while the 52-week range stood at ISK 218.00 to ISK 384.00.