3 4 6 7 8 9 2008 was a turning point Management’s review Financial highlights Financial ratios and cash flow Physical data Stati
After several years of uninterrupted growth and progress, the world economy suffered a severe downturn in 2008 as a result of th
2008 was a turning point 4 Management’s review Financial highlights Financial ratios and cash flow Physical data Statistics Good
Risk assessment There are no special risks which differ from similar businesses apart from the financial risk. The risk attached
2008 was a turning point Management’s review 6 Financial highlights Financial ratios and cash flow Physical data Statistics Good
Financial ratios in % Equity ratio: Equity end of year end as a percentage of assets end of year Return on capital employed: Pro
2008 was a turning point Management’s review Financial highlights Financial ratios and cash flow 8 Physical data Statistics Good
Statistics 2000 – 2008 2000 Calling ships (number) Liners Ferries Tankers Others Total Liners Ferries Tankers Others Total Incom
2008 was a turning point Management’s review Financial highlights Financial ratios and cash flow Physical data Statistics 10 Goo
The development strategy continues In our 2007 annual report, we speculated on how long the then economic boom would last. The a
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Annual re
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3 4 6 7 8 9 2008 was a turning point Management’s review Financi
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After several years of uninterrupted growth and progress, the wo
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2008 was a turning point 4 Management’s review Financial highlig
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Risk assessment There are no special risks which differ from sim
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2008 was a turning point Management’s review 6 Financial highlig
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Financial ratios in % Equity ratio: Equity end of year end as a
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2008 was a turning point Management’s review Financial highlight
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Statistics 2000 – 2008 2000 Calling ships (number) Liners Ferrie
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2008 was a turning point Management’s review Financial highlight
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The development strategy continues In our 2007 annual report, we
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