XO SHIPPING A/S: Financial statements 2020
CVR: 33080212
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
XO SHIPPING A/S (CVR 33080212) has filed annual accounts for 2020. In 2020, the company reported revenue of USD 211,306,420 and a net result of USD 7,104,096 compared with USD 4,610,348 the year before. That is an increase of 10.5% compared with the year before. The profit margin was 3.4%. Equity in the 2020 report amounted to USD 15,104,096. The solvency ratio was 47.1%. The company had 17 employees in the financial year.
- Revenue
- USD 211,306,420
- Gross Profit
- USD 13,636,795
- Profit/Loss
- USD 7,104,096
- Equity
- USD 15,104,096
- Total Assets
- USD 32,087,607
- Employees
- 17
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | 211.3M USD | 13.6M USD | 7.1M USD | 15.1M USD | 17 |
| 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 |
Official annual report
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XO SHIPPING A/S has published its annual report for 2019. Revenue came to DKK 191,307,277, and the net result was DKK 4,610,348.
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.