During a May 2024 Q1 earnings call with analysts, Okeanis CEO
During a May 2024 Q1 earnings call with analysts, Okeanis CEO Aristidis Alafouzos tried to give assurances that the company was not carrying sanctioned Russian oil. Recently published data point to the opposite.
On 15 May 2024 Aristidis Alafouzos, CEO of the NYSE-listed Okeanis Eco Tankers, wrote a triumphant tweet about his company’s revenues. On a chart with spot earnings of rival companies he hand-drew the earnings of Okeanis, showing that the company had higher earnings for the past four quarters. The tweet was made one day ahead of the company’s Q1 2024 Conference Call.
Invited to this call, amongst others, were analysts from Fearnley Securities, Pareto Securities, ABG Sundal Collier, Clarksons Platou Securities, Carnegie Investment Bank AB, and B. Riley Securities. Also invited were representatives of Okeanis’ shareholders, apart from the Alafouzos family, and major investment banks including State Street Bank and Trust Company, Avanza Bank AB, Interactive Brokers LLC, Bank of New York Mellon, Brown Brothers Harriman (Lux.) SCA, Clearstream Banking, Nordnet Bank AB, Citibank, NORDNET LIVSFORSIKRING AS and Sogna Capital.
During that call, as reported by Tradewinds on 17 May 2024, Aristidis Alafouzos insisted that his company was still outperforming rivals and “said that bookings so far
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