NORDEN (One-pager): Cash return continues
Read our latest One-pager on NORDEN, which gives insights into the investment case, current market conditions, and expectations for 2024 and beyond. The One-pager also updates on key investment risks, key investment reasons, and relative valuation against a peer group.
You can also catch up on the recent presentation of the Q1 2024 results hosted by NORDEN CFO Martin Badsted (in Danish), providing deeper insight into the company’s performance, market positioning, and outlook.
Link to Q1 2024 presentation: https://www.inderes.dk/videos/norden-praesentation-af-q1-2024
Disclaimer: HC Andersen Capital receives payment from NORDEN for a Digital IR/Corporate Visibility subscription agreement. /Rasmus Køjborg, CFA at 13.00 CET on 07.06.2024.
D/S Norden
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.
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