Ernst Russ AG Raises Full-Year 2026 Forecast

Ernst Russ AG raised its 2026 revenue forecast to EUR 159 million–EUR 164 million from EUR 150 million–EUR 160 million, and its EBIT outlook to EUR 63 million–EUR 70 million from EUR 55 million–EUR 65 million. The revision reflects a stronger US dollar, with the company now assuming an average rate of 1.12 USD/EUR for the rest of the year, versus 1.18 previously. The outlook also factors in fleet utilization of about 97% and existing charter agreements.