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Navios Maritime Holdings Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2020


Navios Partners
Post-merger: NM owns 12.6%
$36.2 million debt reduction in Q1 2021
Navios Maritime Holdings Inc. (“Navios Holdings” or “the Company”) (NYSE: NM), a global seaborne shipping and logistics company, today reported financial results for the fourth quarter and year ended December 31, 2020.
Angeliki Frangou, Chairman and Chief Executive Officer, stated, “I am pleased with the results for the fourth quarter and full year of 2020. For the full year of 2020, Navios Holdings reported revenue of $416.7 million and adjusted EBITDA of $153.4 million. For the fourth quarter, Navios Holdings reported revenue of $102.4 million and adjusted EBITDA of $37.6 million.”
Angeliki Frangou continued, “Fiscal stimulus and other policy measures have propelled global economic recovery into 2021. The IMF expects global GDP to grow by 6.0% in 2021, the highest GDP growth in the past 50 years. Mass inoculation programs are underway, facilitating a return to no ....

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Navios Maritime Holdings Inc. Reports Financial Results for the Fourth Quarter and Year Ended ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Navios Maritime Holdings Inc. Reports Financial Results for the Fourth Quarter and Year Ended .
Navios Maritime Holdings, Inc.April 21, 2021 GMT
MONACO, April 21, 2021 (GLOBE NEWSWIRE)
Revenue
$102.4 million for Q4 2020
Cash provided by/(used in) operating activities
$25.2 million for FY 2020
$(10.1) million for Q4 2020
Adjusted EBITDA
$37.6 million for Q4 2020
Navios Partners
Post-merger: NM owns 12.6%
$36.2 million debt reduction in Q1 2021
Navios Maritime Holdings Inc. (“Navios Holdings” or “the Company”) (NYSE: NM), a global seaborne shipping and logistics company, today reported financial results for the fourth quarter and year ended December 31, 2020. ....

United States , Navios Astra , Navios Marco Polo , Navios Koyo , Navios Canary , Mont Blanc Hawk , Navios Obeliks , Navios Corali , Navios Bonheur , Angeliki Frangou , Navios Felix , Navios Bonavis , Navios Vega , Navios Ray , Navios Amber , Navios Ulysses , Navios Felicity , Navios Etoile , Navios Dolphin , Navios Venus , Navios Asteriks , Navios Maritime Acquisition Corporation , Navios Holdings , Navios South American Logistics Inc , Navios Holdings Reconciliation , Navios Maritime Holdings Inc ,