Ernst Russ Raises 2026 Revenue and EBIT Forecasts
Ernst Russ now expects 2026 revenue of EUR 159 million to EUR 164 million and EBIT of EUR 63 million to EUR 70 million, up from previous ranges of EUR 150 million to EUR 160 million and EUR 55 million to EUR 65 million, respectively. The company cites the stronger US dollar, assumes an average exchange rate of 1.12 USD/EUR for the rest of the year versus 1.18 previously, and expects fleet utilization of about 97%.
The Executive Board of Ernst Russ AG has raised its full-year 2026 forecast, now expecting revenues between EUR 159 million and EUR 164 million, up from the previous range of EUR 150 million to EUR 160 million. The operating result (EBIT) is now projected to be between EUR 63 million and EUR 70 million, compared to the earlier guidance of EUR 55 million to EUR 65 million. This upward revision is primarily attributed to the appreciation of the US Dollar against the Euro, as the company generates most of its revenue in US dollars. The company now assumes an average exchange rate of 1.12 USD/EUR for the remainder of the year, down from 1.18 USD/EUR.
The revised outlook also reflects stable fleet utilization of approximately 97% and previously concluded charter agreements.