XO SHIPPING A/S: Financial statements 2019
CVR: 33080212
Source: annual report 2019, Danish Business Authority
01/01/2019 – 31/12/2019
XO SHIPPING A/S (CVR 33080212) has filed annual accounts for 2019. In 2019, the company reported revenue of USD 191,307,277 and a net result of USD 4,610,348 compared with USD 144,162 the year before. That is an increase of 12.9% compared with the year before. The profit margin was 2.4%. Equity in the 2019 report amounted to USD 4,841,030. The solvency ratio was 16%. The company had 16 employees in the financial year.
- Revenue
- USD 191,307,277
- Gross Profit
- USD 8,306,508
- Profit/Loss
- USD 4,610,348
- Equity
- USD 4,841,030
- Total Assets
- USD 30,170,795
- Employees
- 16
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2019 | 191.3M USD | 8.3M USD | 4.6M USD | 4.8M USD | 16 |
| 2018 | 169.5M USD | 3.4M USD | 144K USD | 231K USD | 15 |
| 2017 | 116M USD | 7.7M USD | 4.2M USD | 1.4M USD | 14 |
| 2016 | 96.3M USD | -1.8M USD | -2.9M USD | -2.8M USD | 11 |
| 2015 | 95.2M USD | 6.6M USD | 4.1M USD | 4.2M USD | 14 |
Official annual report
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XO SHIPPING A/S has published its annual report for 2018. Revenue came to DKK 169,507,502, and the net result was DKK 144,162.
As of March 19, 2019, Erik Svanberg has joined the board of directors of XO SHIPPING A/S.
As of March 19, 2019, Ejner Kiel Bonderup has left the board of directors of XO SHIPPING A/S.
As of March 19, 2019, Alexander Sillehoved is registered as director of XO SHIPPING A/S.
As of March 19, 2019, Ejner Kiel Bonderup has stepped down as adm. dir. of XO SHIPPING A/S.
As of March 19, 2019, Rico Romme Nielsen has stepped down as director of XO SHIPPING A/S.
About XO SHIPPING A/S
XO SHIPPING A/S is a Danish company of the type Aktieselskab based in Hellerup, founded in 2010. The company is registered under the industry Sø- og kysttransport af gods. The management consists of Sinan Utlu. The board consists of Kent Hedegaard (chair), Mikkel Rabjerg, Morten Vesth and Nicolai Stehn Kohls. The company's owners include INDIGO SHIPPING A/S, InVesth ApS and Linika Invest ApS. The company has 27 employees (2026). In 2025, the company reported revenue of USD 378,911,064 and a net result of USD -5,650,592 compared with USD -1,069,139 the year before. Equity in the 2025 report amounted to USD 33,995,909.