Erria A/S – Fact sheet

About Erria
Erria A/S’ activities consist of shipping and shipping related activities worldwide. It is the Company’s objective to gain extensive expertise in niche areas and through this to obtain a favourable market position. The Company has primarily been engaged in shipping activities within the segments for minor tankers, dry cargo and container feeder vessels.

The main business areas of the Company are:

• Investments in shipping activities and ship projects
• Ship management, incl. chartering
• Consulting

The specialised business areas are:

• Shipping and investment in tonnage
• Technical management
• Crew management
• Chartering
• Supply management
• Development of new building projects
• Ship design and consulting
• Purchase and sale of shares in vessels 

Vision, mission and values

Vision:
To simplify and develop optimal and integrated maritime and transportation solutions.
Mission:
To be our customers' preferred supplier of integrated maritime and transportation solutions.
Values:
Our values define the way we think and act, both as individuals and as a company:

• We have a passion for excellence
• We are open and honest
• We are respectful to our customers, our employees as well as to our external stakeholders.

Strategy and objectives
Overall strategyThe overall strategy of the Company is to differentiate ourselves from our competitors by offering a customer oriented product portfolio of shipping related services, and to do so in close partnership with the customer. The cooperation with the customer will often also include financial partnerships in the form of vessel co-ownership.

The strategy implies that the Company supplies a wide range of services, each of which, however, as standardised as possible and very often supplied in synergy with other services or partners. The aim is to supply the customer with an individualised solution, yet at a competitive price. Our customers also benefit from the economy of scale which the diversity of the Group allows us to exploit.

Competencies and markets
The most important resource of the Company within every business area is competent and motivated employees. The organisation is very flexible, which is necessary as the Company follows a differentiated strategy where the willingness to adapt is what distinguish our products from those of the competitors. 

The company operates chemical tankers, dry cargo vessels, barge-systems and container vessels with independent gear/cranes (feeder service). Further, the Company manages various ship technical projects on behalf of customers as well as investment projects, including newbuildings projects.

Outlook for the financial year 2008
In spite of the global financial crisis and the continued uncertainty about the development of the USD exchange rate, the ERRIA Group expects a total income of approximately mDKK 13.0 for 2008 compared to approximately mDKK 11.5 in 2007. The estimate is based on the USD exchange rate as per November 5th 2008.

Board of Directors
Kaare Vagner (Chairman of the Board of Directors)
Jan Erlund (Deputy Chairman of the Board)
Carl Christian Nielsen
Carsten Dencker Nielsen
Hasse Kjærsgaard Lasen

Management
Henrik N. Andersen, Managing Director
Jan Lybecker Steffensen, Technical Director
Torben Ravn, Director, Consulting
Henrik Blegvad Funk, Director, Finance & Strategy
Kenneth Jan Madsen, Commercial Director

Contact persons
Please contact one of the following persons to for detailed investor information:

Managing Director, Mr. Henrik N. Andersen
Mobile +45 2332 7691
henrik@erria.dk

Business & Strategy Development Director, Mr. Henrik Funk
Mobile +45 2139 0532
hbf@erria.dk

For further press information about ERRIA and our activities, please contact

Managing Director, Mr. Henrik N. Andersen
Mobile +45 2332 7691
henrik@erria.dk

Head Office
Erria A/S Amager Strandvej 390, 2nd
DK-2770 KastrupCopenhagen
Denmark

Tel: +45 33 36 44 00
Fax: +45 33 36 44 01
E-mail: info@erria.dk 

Website
The official ERRIA Group website is www.erria.dk, where further information on the Company may be obtained.

Fact Sheet updated March 30, 2008 

 

 

 

*) Applied accounting policies have been changed so that the parent company's inclusion of capital shares is still made at fair value, but in such a way that the adjustment of the fair value is made on the equity and is registered in the Total Net Income statement. Formerly the adjustment of the fair value was made directly in the income statement. The currency conversion of capital shares has been modified so that the capital shares are now converted based on relevant functional currencies respectively in the Group's Total Net Income statement. The change has been implemented in the 2006 and 2007 figures.

Share capital
Key information includes:

• Erria’s shares are listed on the Nasdaq OMX Nordic Exchange Copenhagen
• As of December 31, 2009, the Company’s authorized capital was nominally DKK 41,088,100 divided into 4,108,810 shares of DKK 10 each
• All shares have the same rights and are not divided into classes. No voting restrictions exist
• Ticker symbol: ERRIA
• ISIN code: DK0060101483
• Bloomberg code: ERRI:DK
• Reuters code: ERRIA.CO

Shareholders
The following shareholders own more than 5 per cent of the company's capital or voting rights (covered by Section 28 of the Danish Companies Act (Aktieselskabsloven)):

• N&V Holding ApS, Hvidkærvej 54, 5250 Odense SV  (24.66 %)
• Lønmodtagernes Dyrtidsfond, Vendersgade 28, 1363 KBH K (18.44 %)
• Glumsø Invest ApS, Allegade 24, 4690 Haslev (17.57 %)
• Rudersdal A/S, Vasevej 103, 3460 Birkerød  (6.45 %)

As of December 31 2008 Erria A/S possessed 2.03 % own shares.