CMREPRB Latest Report

Financial Performance

Costamare's Priority B shares achieved a total operating revenue of USD 548,403,000 in 2024, up approximately 10.8% from USD 494,847,000 in 2023. This growth indicates a significant improvement in sales performance in the company's market environment, possibly benefiting from the overall economic recovery and its own business expansion.

Key Financial Data

1. The total operating revenue in 2024 reached USD 548,403,000, up USD 53,556,000 from 2023, representing a growth of approximately 10.8%.

2. The Company's operating revenue in the first to ninth months of 2024 grew by 1.47% year-on-year, demonstrating the stability of operating revenue.

3. The net profit attributable to the parent increased significantly to USD 81,855,441.78, up 954.45% year-on-year.

4. The international freight rate index rose significantly, driving the Company's self-owned vessel capacity, especially on foreign trade routes.

Industry Comparison

1. Overall industry analysis: The overall operating revenue of the shipping industry in 2024 showed an upward trend, with most companies reporting revenue growth due to the global economic recovery and demand recovery. This indicates that the improvement in industry environment positively contributed to Costamare's revenue growth.

2. Peer evaluation analysis: Costamare's total operating revenue growth margin was slightly higher than the industry average, demonstrating the Company's competitiveness in the market and its ability to effectively grasp market opportunities.

Summary

Costamare achieved a significant growth in total operating revenue in 2024, mainly due to the improvement in market demand and the Company's strategic adjustments. The overall recovery of the shipping industry and the rise in international freight rates provided a good external environment for the Company's growth.

Opportunities

1. With the global economic recovery, shipping demand is expected to continue to grow, allowing Costamare to further expand its market share.

2. The Company's net profit has grown significantly, indicating an improvement in its profitability, which may lead to more investments and expansions in the future.

3. The good performance of other companies in the industry may promote industry cooperation and resource sharing, enhancing overall competitiveness.

Risks

1. Intensified industry competition may affect Costamare's market share and profitability.

2. Fluctuations in oil prices and exchange rates may increase the Company's operating costs and thus affect profits.

3. Uncertainty in the global economy may negatively affect shipping demand.