NORDEN (One-pager): Tanker market weighs on outlook as owners market continues
Read the latest NORDEN One-pager following the FY2024 NORDEN results, where the dry cargo and tanker shipping owner and operator realized a net result of USD 163 million, compared to USD 400 million in 2023, and the latest guidance of USD 160-210 million.
NORDEN will again pay a quarterly dividend of DKK 2 per share, which is the same level as the other quarters in 2024. In total, DKK 8 per share has been returned in 2024, and including share buybacks, a total of USD 100 million has been distributed to shareholders based on the 2024 results.
For 2025, NORDEN is guiding for a result of USD 20-100 million, as the ongoing weakening of the tanker market weighs on the comparative earnings outlook in 2025.
Learn more by watching NORDEN’s presentation of the FY2024 annual results presented by CFO Martin Badsted. Link: https://www.inderes.dk/videos/norden-presentation-of-the-annual-report-for-2024
Disclaimer: HC Andersen Capital receives payment from NORDEN for a DigitalIR/corporate visibility subscription agreement./ Philip Coombes 15:06 11.02.2025
D/S Norden
D/S Norden är ett internationellt rederi. Bolaget tillhandahåller globala frakttjänster på torrlast- och produkttankmarknaderna. Dessutom bedrivs handel med tillgångar, bestående av köp, försäljning och leasing av fartyg med inbyggd tillval. Bolaget använder sig av en affärsstrategi som äger en liten andel av den operativa flottan, och anpassar exponeringen till marknadsutvecklingen. Norden har flera globala kontor och har sitt huvudkontor i Köpenhamn.
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