Eimskip, IS0000019669

Eimskip stock: Kales Iceland wins Air China role ahead of November 10 Eimskip stock results

Published on 10/23/2026 at 07:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kales Iceland won Air China cargo work on October 22, 2026. Eimskip stock stood at ISK 296.00, up 1.37 percent on October 23.

Air cargo and operating scale

Kales Iceland secured Air China cargo representation on October 22, 2026.
Eimskip revenue rose 11.40 percent to EUR 225.4 million in the second quarter of 2026.
Eimskip had a market capitalization of ISK 47.9 billion as of October 22, 2026.

Eimskip, IS0000019669, Illustration mit AI erstellt.

Eimskipafélag Íslands hf. (IS0000019669) was linked to a new Air China cargo connection through its subsidiary TVG-Zimsen on October 22, 2026. According to STAT Times, Kales Iceland, a joint venture involving TVG-Zimsen, became Air China's General Sales and Service Agent in Iceland ahead of a three-times-weekly Beijing to Keflavik service from October 26, 2026.

Air cargo adds a new route

The appointment gives Eimskip's forwarding business a direct connection to an expanding cargo lane between Iceland and China. Kales Iceland will provide cargo sales, service and operational support, while the new route is expected to create opportunities for seafood exporters and other time-sensitive freight.

The operating backdrop had already improved in the second quarter of 2026. FreshPlaza reported revenue of EUR 225.4 million, up EUR 23.1 million or 11.40 percent from the second quarter of 2025. EBITDA was EUR 21.3 million, marginally above the year-earlier figure, while operating expenses rose 12.70 percent to EUR 204.1 million.

What does the next report show?

The cost trend remains important because bunker expenses rose EUR 5.7 million or 52.70 percent in the second quarter of 2026. Eimskip also said initiatives implemented during the period had an annualized impact of EUR 13.0 million, with EUR 2.7 million of positive EBITDA impact realized in the quarter. The revenue gain therefore came with a measurable cost burden.

Three dated steps in Eimskip's story

On May 29, 2026, Eimskip and the Icelandic Seamen's Union canceled a strike affecting vessel operations. On August 25, 2026, the company published second-quarter results showing EUR 225.4 million in revenue and EUR 21.3 million in EBITDA. On October 22, 2026, Eimskip's TVG-Zimsen subsidiary was connected with the Air China cargo appointment, according to Eimskip.

Upcoming reporting date

The next scheduled company event identified by Nordic Financial News is Eimskip's third-quarter 2026 results on November 10, 2026. That release should show whether the revenue improvement and efficiency measures continued into the autumn period.

Nasdaq Iceland valuation context

Eimskip stock stood at ISK 296.00 on Nasdaq Iceland on October 23, 2026, up 1.37 percent. The stock's 52-week range was ISK 218.00 to ISK 312.00 as of October 22, 2026, while market capitalization was ISK 47.9 billion. The shares therefore sat ISK 16.00 below the reported yearly high, keeping the upcoming results central to the market's next assessment.