Ernst Russ

DB: HXCK

Market Cap€133m

Last Close €4.1

Ernst Russ is a listed asset and investment manager and asset investor, with AUM of c €2.5bn, focused on shipping and real estate. Currently, the Ernst Russ Group manages a fleet of around 77 container, tanker and bulker ships, as well as a total of 40 real estate properties at 28 sites. The company has offices in Hamburg, Cologne and London.

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Investment summary

In H121, Ernst Russ (ERAG) continued its fleet expansion with the acquisition of two multipurpose vessels, bringing the number of majority owned ships to 18. It also sold the Bremen Fund management subsegment, decreasing its assets under management (AUM) in the management services segment, by €0.2bn to €0.6bn at end-June 2021. On the back of robust market environment for container shipping and healthy operational performance, management introduced the FY21 guidance with targeted revenues ranging from €85m to €90m and EBIT between €24m and €26m (compared to €55.6m and €2.3m in FY20, respectively).

Content on Ernst Russ
Ernst Russ – Catching the tailwinds
Financials | Update | 17 September 2021
Ernst Russ – Specialising in shipping business
Financials | Update | 7 April 2021
Ernst Russ – Ship utilisation remains high
Financials | Update | 25 September 2020
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Share price graph
Price performance
%
1m
3m
12m
Actual 6.2 23.5 645.5
Relative* 3.5 21.1 511.7
52-week high/low €4.4/€0.6
*% relative to local index
Key management
Robert Gärtner CEO