Costamare Inc (FRA:LCM)
ā‚¬ 13.66 0.14 (1.04%) Market Cap: 1.66 Bil Enterprise Value: 3.24 Bil PE Ratio: 5.76 PB Ratio: 0.71 GF Score: 88/100
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Q4 2019 Costamare Inc Earnings Call Transcript

Jan 29, 2020 / 01:30PM GMT
Release Date Price: ā‚¬7.75 (+6.90%)
Operator

Thank you for standing by, ladies and gentlemen. And welcome to the Costamare Inc. Conference Call on the Fourth Quarter 2019 Financial Results.

We have with us Mr. Gregory Zikos, Chief Financial Officer of the company. (Operator Instructions) I must advise you that this conference call is being recorded today, Wednesday, January 29, 2020.

We would like to remind you that this conference call contains forward-looking statements. Please take a moment to read Slide #2 of the presentation, which contains the forward-looking statements.

And I will now pass the floor to your speaker today, Mr. Zikos. Please go ahead, sir.

Gregory G. Zikos
Costamare Inc. - CFO & Director

Thank you, and good morning, ladies and gentlemen. During the fourth quarter and the year, net income and earnings per share increased substantially, boosted by higher charter rates and the addition of new ships. As part of our fleet renewal program, we acquired during the quarter 4 Panamax vessels with an average age of about 11 years and disposed of an equal number

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