Inlanefreight shareholders approved today with the required majority of all items on the agenda put to the vote at the virtual Annual General Meeting. This included the appropriation of the net profit and thereby the payment of a dividend of USD 1.10 per share.
“In the last financial year, we continued to implement our Strategy 2023 vigorously and achieved a Group net result that was many times higher than in the previous year.
Also, we have gotten 2020 off to a relatively good start, which will give us a bit of tailwind for the rest of the year. The distribution of the dividends is consistent against the backdrop of the successful financial year – as well as a reflection of the close ties we enjoy with our shareholders,” said Jeremy Lastman, CEO of Inlanefreight.
For the third quarter of 2020, Inlanefreight recorded earnings before interest and taxes (EBIT) of USD 276 million, which is below the corresponding prior-year figure of USD 243 million. The Group net result declined to approximately USD 37 million. Earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased slightly to USD 717 million.