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Listing venue - Euronext Growth Oslo
Ticker - WEST
Number of shares - 33,619,715
Face value - NOK 0,05
Registrar - Nordea Issuer Services
Please click here for live share price
Financial reports
Annual Reports
Financial calendar
18.01. 2024
Extraordinary General Meeting
15.02. 2024
Second Half Report 2023
(after close)
13.03. 2024
Annual Report 2023
03.04. 2024
Annual General Meeting
23.05. 2024
Announcement of
Q1 2024 dividend
(after close)
15.08. 2024
First Half Report 2024
and announcement of
Q2 2024 dividend
(after close)
10.10. 2024
Announcement of
Q3 2024 dividend
(after close)
Dividend policy and History
Western Bulk aims to distribute minimum 80% of net profit in quarterly dividend payments, subject to sufficient free liquidity and working capital to support such payment. The timing and amount of dividends is at the discretion of the Board of Directors.
| Period | Declared | Total dividend amount | Dividend per share | Ex dividend date | Record date | Payable date |
| FY 2021 | 10.03.22 | 65 mUSD | NOK 17,23 | 21.03.22 | 22.03.22 | 29.03.22 |
| Q1 2022 | 25.04.22 | 16 mUSD | NOK 4,24 | 27.04.22 | 28.04.22 | 05.05.22 |
| Q2 2022 | 15.08.22 | 13 mUSD | NOK 3,85 | 17.08.22 | 18.08.22 | 25.08.22 |
| Q3 2022 | 20.10.22 | 10 mUSD | NOK 3,00 | 24.10.22 | 25.10.22 | 02.11.22 |
| Q4 2022 | 09.02.23 | 10 mUSD | NOK 3,00 | 14.02.23 | 15.02.23 | 22.02.23 |
| Q1 2023 | - | - | - | |||
| Q2 2023 | - | - | - | |||
| Q3 2023 | - | - | - | |||
| Q4 2023 | - | - | - |
Analyst Coverage
This is the current analyst coverage of Western Bulk shares. Please see their contact information below if you have enquiries or wish to access their research.
Lars Bastian Østereng
Arctic Securities ASA
+47 22 93 72 13
lars.ostereng@arctic.com
Jørgen Lian
DNB Markets ASA
+47 24 16 91 88
jorgen.lian@dnb.no
Main shareholders
| Name | # Shares | Ownership |
|---|---|---|
| Kistefos group | 23 093 152 | 68,7% |
| Sayonara AS (former Ojada AS) | 2 776 792 | 8,3% |
| Employees | 949 021 | 2,8% |
| Citibank N.A. | 634 819 | 1,9% |
| Euroclear Bank S.A./N.V. | 465 093 | 1,4% |
| Avanza Bank AB | 329 181 | 1,0% |
| Other (1200 other shareholders) | 5 371 657 | 16,0% |
| 33 619 715 | 100% |
General meetings notices and minutes
Key figures
Western Bulk Chartering group
| USD million | H2 2023 | H2 2022 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Gross revenues | 543.4 | 732.7 | 1 117.6 | 1 615.8 | 1 487.9 |
| Net TC Result 1) | 2.3 | 51.5 | 9.3 | 116.0 | 137.9 |
| Administrative expenses | 12.9 | 22.9 | 25.1 | 47.6 | 50.7 |
| EBITDA 1) | (10.6) | 28.6 | (15.8) | 68.5 | 87.2 |
| Net profit (loss) after tax 1) | (10.8) | 28.6 | (15.6) | 66.0 | 81.0 |
| Net TC margin per ship day (USD) 1) | 100 | 2 576 | 202 | 2 870 | 3 376 |
| Average number of vessels operated | 128 | 109 | 126 | 111 | 112 |
| Total assets | 119.8 | 162.6 | 119.8 | 162.6 | 196.6 |
| Book equity | 52.5 | 68.1 | 52.5 | 68.1 | 51.1 |
| Total liabilities | 67.4 | 94.5 | 67.4 | 94.5 | 145.5 |
| Interest bearing debt | - | - | - | - | 3.4 |
| Free cash | 32.9 | 57.1 | 32.9 | 57.1 | 108.3 |
| Restricted cash | 7.5 | 11.7 | 7.5 | 11.7 | 13.9 |
| Total cash | 40.4 | 68.8 | 40.4 | 68.8 | 122.1 |
Net TC margin per ship day is the voyage related result (Gross revenues less voyage related costs, FFA and tonnage cost) divided by total ship days in the period.