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Analyst Comment

NORDEN: Opjusterer 2025 guidance forud for Q1 2025 på torsdag

By Rasmus KøjborgHead of Research, Stables
D/S Norden

NORDEN var fredag eftermiddag i sidste uge ude med en opjustering af helårsforventningerne. Således venter rederiet nu et nettoresultat i 2025 på USD 50-130 mio. imod tidligere USD 20-100 mio., svarende til en opjustering på USD 30 mio.

Som det fremgår af meddelelsen, kan opjusteringen henføres til salg af skibe og en god operationel performance. Netop forventningerne til salg af skibe løftes til en gevinst på USD 45 mio. fra tidligere USD 16 mio. Det svarer altså til yderligere USD 29 mio. i forventet gevinst fra salg af skibe, og efter skat og andre poster øget det nettoresultat med USD 23 mio. ud af opjusteringen på USD 30 mio. som nævnt ovenfor.

NORDEN rapporterer regnskab for 1. kvartal 2025 på torsdag d. 1. maj fra morgenstunden, hvor vi samme dag kl. 9.30 også afholder event med selskabets CFO Martin Badsted. Tilmelding her: https://www.inderes.dk/videos/norden-presentation-of-q1-2025-report

Disclaimer: HC Andersen Capital modtager betaling fra NORDEN for en Digital IR abonnementsaftale. /Rasmus Køjborg, CFA kl. 15.20 d. 28/04-2025.

D/S Norden

176.6DKK28.04.2025, 17.20

NORDEN is an internationally operating shipping company with 12 global offices, headquartered in Copenhagen, Denmark, and listed on Nasdaq OMX Copenhagen. The company is present in the dry cargo and product tanker markets with a combination of operator and asset trading activities. NORDEN’s trading-oriented business model is based on the two business units ‘Assets & Logistics’ and ‘Freight Services & Trading’ – dividing the business into asset trading and operator activities. The company’s business activities are based on an asset-light trading strategy, only owning a small percentage (~5%) of its total operated vessel fleet consisting of close to 500 vessels. The agility of the business model enables NORDEN to continuously adjust short-term market exposure towards dry cargo and product tanker market developments while capitalizing on asset trading opportunities. In-house data and advanced analytics, risk management, and market research provide a data-driven approach to shipping, making proactive use of volatile markets.

Read more on company page
Forum discussions
Hej Philip & co. Tak for indlægget med regnskab og din opfølgende analyse og tanker - dem læser jeg altid med stor fornøjelse ! Jeg har selv...
2/14/2023, 12:27 PM
by Paul-Henning Hallum-Olesen
0
Hi Paul, I’m sure by now you have seen NORDEN’s results and have watched its webcast with HCA. It was great to understand the company’s expectations...
2/10/2023, 1:53 PM
by Philip Coombes
1
NORDEN publishes 2022 numbers ending with a full-year net profit of USD 744m, against the guidance of USD 730-780m. NORDEN’s Assets and Logistics...
2/10/2023, 8:50 AM
by Philip Coombes
1
D/S Norden får sænket i dag sit kursmål til 433 kr. fra 488 kr. af ABG. Anbefalingen er dog “køb”. … umiddelbart undre det mig - særligt her...
2/8/2023, 10:39 AM
by Paul-Henning Hallum-Olesen
1
Tænkte jeg også lige ville komme med en lille opdatering på Norden - det er ved at være lang tid siden for min part - men heldigvis har Philip...
2/5/2023, 9:16 AM
by Paul-Henning Hallum-Olesen
2
Hi Paul, your content is great as always. I am going to share my latest thoughts on the product tanker market. I will also copy this into a ...
1/26/2023, 10:04 AM
by Philip Coombes
2
… og man kunne lige tilføje, at D/S Norden pr. 17. januar 2023 ejer 9,26 % af egne aktier. Aktuelt har de gang i et aktietilbagekøbsprogram ...
1/19/2023, 9:33 AM
by Paul-Henning Hallum-Olesen
1
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