While Stena chief executive Dan Sten Olsson described 2020 as an “annus horribilis”, this year will not prove much better for the tanker and ferry operator, a top analyst claims.
For the first time in its 80-year history, the Swedish company reported a loss for the year in 2020 of SEK 4.8bn ($577.3m).
“Unfortunately, we don’t believe this year will prove much better for Stena,” said Swedbank’s head of credit research Jonas Shum.
