Euronav NV Logo

Euronav NV

ISIN: BE0003816338 | Ticker: EURN | LEI: 549300D80RYON74MEJ03
Sector: EnergySub-Industry: Oil & Gas Storage & Transportation
Country: Belgium

About Euronav NV

Company Description

Euronav is the world’s largest independent quoted tanker company engaged in the ocean transportation and storage of crude oil. The Company, incorporated in Belgium, is headquartered in Antwerp and has offices throughout Europe and Asia. The Company has progressed from a family operation with 17 vessels to a strong international player listed on Euronext Brussels and on the NYSE under the symbol ‘EURN’.

The need to operate a safe and reliable fleet has never been more crucial and it is the most important strategic objective for the Company. Euronav aims to be an efficient organisation and strives to deliver the highest quality and best possible service to its customers.

Year founded

1995

Served area

Worldwide

Headcount

3,400

Headquarters

De Gerlachekaai 20, 2000 Antwerpen – Belgium

Financial statements

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Line item in (usd) 01.01.2019 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A N/A 3,687,239,000.00 3,768,523,000.00 3,969,073,000.00
Noncurrent Assets N/A N/A 3,235,366,000.00 3,309,116,000.00 3,362,014,000.00
Ships N/A N/A 2,865,308,000.00 2,967,787,000.00 3,057,933,000.00
Construction In Progress N/A N/A 207,069,000.00 181,293,000.00 228,429,000.00
Other Property Plant And Equipment N/A N/A 1,759,000.00 1,218,000.00 762,000.00
Intangible Assets Other Than Goodwill N/A N/A 161,000.00 186,000.00 15,746,000.00
Investment Accounted For Using Equity Method N/A N/A 51,703,000.00 72,446,000.00 1,423,000.00
Noncurrent Receivables N/A N/A 55,054,000.00 55,639,000.00 34,825,000.00
Deferred Tax Assets N/A N/A 1,357,000.00 1,546,000.00 1,403,000.00
Current Assets N/A N/A 451,873,000.00 459,407,000.00 607,059,000.00
Inventories N/A N/A 75,780,000.00 69,035,000.00 41,643,000.00
Trade And Other Current Receivables N/A N/A 214,479,000.00 237,745,000.00 366,789,000.00
Current Tax Assets Current N/A N/A 136,000.00 99,000.00 239,000.00
Cash and cash equivalents 173,133,000.00 296,954,000.00 161,478,000.00 152,528,000.00 179,929,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale N/A N/A N/A 0.00 18,459,000.00
Equity And Liabilities N/A N/A 3,687,239,000.00 3,768,523,000.00 3,969,073,000.00
Equity 2,260,523,000.00 2,311,855,000.00 2,311,786,000.00 1,960,582,000.00 2,173,465,000.00
Issued Capital N/A N/A 239,148,000.00 239,148,000.00 239,148,000.00
Retained Earnings N/A N/A 540,714,000.00 180,140,000.00 385,976,000.00
Share Premium N/A N/A 1,702,549,000.00 1,702,549,000.00 1,678,336,000.00
Treasury Shares N/A N/A 164,104,000.00 164,104,000.00 163,024,000.00
Noncurrent Liabilities N/A N/A 1,171,859,000.00 1,486,908,000.00 1,541,270,000.00
Noncurrent Provisions For Employee Benefits N/A N/A 7,987,000.00 6,839,000.00 1,635,000.00
Other Noncurrent Payables N/A N/A 6,893,000.00 3,490,000.00 404,000.00
Noncurrent Portion Of Noncurrent Loans Received N/A N/A 836,318,000.00 1,175,835,000.00 1,264,243,000.00
Noncurrent Portion Of Noncurrent Notes And Debentures Issued N/A N/A 198,279,000.00 196,895,000.00 197,556,000.00
Noncurrent Portion Of Other Noncurrent Borrowings N/A N/A 100,056,000.00 86,198,000.00 71,011,000.00
Current Liabilities N/A N/A 203,594,000.00 321,033,000.00 254,338,000.00
Trade And Other Current Payables N/A N/A 85,150,000.00 83,912,000.00 90,469,000.00
Current Tax Liabilities Current N/A N/A 629,000.00 366,000.00 5,927,000.00
Current Loans Received And Current Portion Of Noncurrent Loans Received N/A N/A 20,542,000.00 29,313,000.00 68,941,000.00
Current Bonds Issued And Current Portion Of Noncurrent Bonds Issued N/A N/A 0.00 67,025,000.00 0.00
Other Current Borrowings And Current Portion Of Other Noncurrent Borrowings N/A N/A 51,297,000.00 117,863,000.00 65,851,000.00
Line item in (usd) 01.01.2019/
01.01.2020
01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 914,711,000.00 1,210,341,000.00 419,770,000.00 854,669,000.00
Other Income 10,094,000.00 10,112,000.00 10,255,000.00 15,141,000.00
Depreciation Expense 337,646,000.00 319,652,000.00 344,904,000.00 221,576,000.00
Amortisation Expense 56,000.00 99,000.00 90,000.00 1,021,000.00
Profit Loss From Operating Activities 195,603,000.00 534,322,000.00 -281,573,000.00 294,274,000.00
Finance Income 20,572,000.00 21,496,000.00 14,934,000.00 27,140,000.00
Finance Costs 119,803,000.00 91,553,000.00 95,541,000.00 133,009,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 16,460,000.00 10,917,000.00 22,976,000.00 17,650,000.00
Profit Loss Before Tax 112,832,000.00 475,182,000.00 -339,204,000.00 206,055,000.00
Income Tax Expense Continuing Operations 602,000.00 1,944,000.00 -427,000.00 2,804,000.00
Profit (loss) 112,230,000.00 473,238,000.00 -338,777,000.00 203,251,000.00
Profit Loss Attributable To Owners Of Parent 112,230,000.00 473,238,000.00 -338,777,000.00 203,251,000.00
Line item in (usd) 01.01.2019 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 112,230,000.00 473,238,000.00 -338,777,000.00 203,251,000.00
Adjustments For Income Tax Expense N/A 602,000.00 1,944,000.00 -427,000.00 2,804,000.00
Adjustments For Decrease Increase In Inventories N/A -161,121,000.00 107,602,000.00 6,745,000.00 27,391,000.00
Adjustments For Decrease Increase In Other Operating Receivables N/A 22,393,000.00 -3,826,000.00 4,070,000.00 -4,600,000.00
Adjustments For Increase Decrease In Trade Account Payable N/A 6,471,000.00 4,490,000.00 -1,215,000.00 -1,316,000.00
Adjustments For Increase Decrease In Other Operating Payables N/A -806,000.00 -148,000.00 2,953,000.00 -2,113,000.00
Adjustments For Provisions N/A -448,000.00 -388,000.00 -227,000.00 -262,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets N/A -14,804,000.00 -22,727,000.00 -15,068,000.00 -95,813,000.00
Dividends Received Classified As Operating Activities N/A 12,600,000.00 7,534,000.00 4,635,000.00 3,021,000.00
Interest Paid Classified As Operating Activities N/A 98,852,000.00 56,084,000.00 60,999,000.00 99,744,000.00
Interest Received Classified As Operating Activities N/A 6,602,000.00 6,723,000.00 3,425,000.00 11,446,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 993,000.00 -78,000.00 -12,000.00 -2,761,000.00
Cash Flows From Used In Operating Activities N/A 271,991,000.00 969,785,000.00 -25,305,000.00 255,553,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 14,000.00 221,000.00 115,000.00 16,582,000.00
Proceeds From Other Longterm Assets Classified As Investing Activities N/A 30,000.00 0.00 0.00 N/A
Purchase Of Other Longterm Assets Classified As Investing Activities N/A 1,015,000.00 285,000.00 142,000.00 164,000.00
Cash Flows From Used In Investing Activities N/A 43,750,000.00 -117,106,000.00 -353,246,000.00 -158,845,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 1,099,701,000.00 893,827,000.00 1,509,580,000.00 1,270,295,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 1,318,398,000.00 994,989,000.00 726,032,000.00 976,670,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 30,214,000.00 37,779,000.00 54,928,000.00 25,527,000.00
Dividends Paid Classified As Financing Activities N/A 26,015,000.00 352,041,000.00 24,212,000.00 24,221,000.00
Cash Flows From Used In Financing Activities N/A -191,187,000.00 -999,701,000.00 373,893,000.00 -62,895,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 124,554,000.00 -147,022,000.00 -4,658,000.00 33,813,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -733,000.00 11,546,000.00 -4,292,000.00 -6,412,000.00
Cash and cash equivalents 173,133,000.00 296,954,000.00 161,478,000.00 152,528,000.00 179,929,000.00

Please note that some sums might not add up.

Filings & Publications

Insider Trades

Date Trading entity / Person Association Trade type Volume
19.04.23 HECHO Board Buy EUR 0.00
10.01.23 Staring Alex Board Buy EUR 8,449.00
07.09.22 AST Projects Board Sell EUR 193,091.25
05.09.22 AST Projects Board Sell EUR 96,365.15
02.09.22 AST Projects Board Sell EUR 163,963.00
19.02.21 saverys ludovic Board Sell EUR 76,600.16
18.02.21 saverys ludovic Board Sell EUR 114,864.80
17.02.21 saverys ludovic Board Sell EUR 586,419.32
16.02.21 saverys ludovic Board Sell EUR 395,050.59
27.04.20 Staring Alex Board Sell EUR 224,600.00

Short Interest


Current short interest

Position Holder Short Interest in Percent Date
Millennium Capital Partners LLP 0.73% 13.07.21
Total 0.73%

Capital markets information

ISIN

BE0003816338

LEI

549300D80RYON74MEJ03

Sector

Energy

Industry Group

Energy

Industry

Oil, Gas & Consumable Fuels

Sub-Industry

Oil & Gas Storage & Transportation

Listed Stock Exchange

Euronext Brussels

Main Stock Exchange

Contact Investor Relations department

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