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The company also accumulated a drop of 22.7% this week.
At that time, the South American steam company maintains a 17.22% fall on the Santiago Stock Exchange, which through A letter asked for explanations from the company.
"The shares issued by the company recorded transactions at a price of $ 18.69 each, recording a change of -16.59%, accumulating in the current week a drop of 22.7%", says the letter. .
Faced with this, the Stock Exchange asked Vapores to inform it "as soon as possible, of any particular circumstance or of any relevant fact that could explain such significant variation".
The company's response, said the fall is related to an ad hoc communication issued today by the German shipping company, Hapag-Lloyd AG. The company has presented a profit warning, ie a downward warning of its Ebit and Ebitda forecasts for the year 2018.
The German shipping company is the # 39; main badet of so that the low projections released today would have affected the share price of Vapores SA
.The foreign company explained that because of the development of the first five months of the year and the expected return of the companies for what remains During the year 2018, the Executive Committee of Hapag – Lloyd AG decided today to review its current forecast for the year. Ebit and Ebitda Group.
What are the reasons? An unexpectedly significant and continuing increase in operating costs since the beginning of the year, particularly in terms of fuel costs and rents for ships, combined with a slower than expected recovery in freight rates. "These developments can not be fully offset by the cost reduction measures that have already begun," the company said.
Thus, the new projections badume an EBIT of between 200 and 450 million euros (Ebit at December 31, 2017: 410.9 million euros) and an Ebitda between 900 and 900 million euros. 39; euros. 1,150 million euros (Ebitda at December 31, 2017: 1054.5 million euros).
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