Eimskipafélag Íslands hf.: Eimskip's EBITDA results for 2017 estimated to be in the range of EUR 57 to 58 million

According to the management report for 2017, Eimskip's EBITDA is in the range
of EUR 57 to 58 million. This is below the EUR 60 to 62 million guidance
published on 21 November 2017, but is about 7.5% above the EBITDA results for
the year 2016. 

The financial results of November and December were below expectations due to
various reasons. The main effect is related to exported volumes from Iceland
and the Faroe Islands that were under expectations. At the same time, Eimskip
increased the capacity of the company's sailing system to fulfill the service
commitment of weekly scheduled services for all transportation routes. 

The company is still preparing its Financial Statements for 2017 and the audit
process is ongoing. The above-mentioned EBITDA range is therefore subject to
potential changes in the preparation and the audit process. 

According to the company's financial calendar, Eimskip will publish its
Financial Statements for 2017 on 22 February 2018 and will present the 2017
results and the forecast for 2018 at the investor meeting held on 23 February
at 8:30 in Korngardar 2, Reykjavík.