Eimskip posts 43.6% EBITDA growth in third quarter

Icelandic shipping and logistics company Eimskip reported a 43.6% year-on-year increase in EBITDA for the third quarter of 2026, supported by higher cargo volumes, stronger freight rates and operational efficiency measures, despite a sharp rise in fuel costs.

The company’s quarterly revenue increased by 19.4% compared with the same period in 2025, while EBITDA rose by EUR 8.9 million. Eimskip attributed the improvement to stronger underlying operations and restructuring initiatives introduced during the second half of last year.

The year-on-year EBITDA comparison was also influenced by a EUR 2.9 million loss associated with the sale of the vessel Lagarfoss in the third quarter of 2025.

Eimskip’s liner segment recorded a 13.8% increase in revenue, while transported volumes grew by 6.8%, supported by stronger exports of seafood and farmed fish from Iceland and the Faroe Islands.

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