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ANNOUNCEMENT NO. 74 - 4 NOVEMBER 2021 For the third quarter of 2021, NORDEN reports a result of USD 65 million - the best quarterly in 10 years. This is...

(PLX AI) - Norden Outlook FY adjusted net income USD 150-200 million compared to USD 140-220 million previously.• Q3 EBIT USD 78.3 million vs. estimate USD 89 million• Q3 adjusted net income USD 51.6 million•

ANNOUNCEMENT NO. 67 - 1 JUNE 2021 Following continued strong performance in the Dry Operator business unit, NORDEN raises its expectations for the full-year 2021 Adjusted Result to USD 110-160 million (approximately DKK 670-975 million), up from USD 75-125 million. The broad guidance range reflects expectations that are mainly based on unrealised future earnings in a market with unusually high volatility. “We continue to benefit from Dry Operator’s long position (more tonnage than cargoes) and increased market exposure to a strong market that especially favours the smaller vessel...

Shipping company Norden now expects a significantly better result for 2021 than previously announced. In particular, business unit Dry Operator is expected to benefit from a stronger dry bulk market, writes the company Tuesday. Category: News

Norden Builds Substantial Value In Q1 And Raises Guidance For 2021 NORDEN is well-positioned to capitalise on a historically strong dry cargo market through significant increases in fleet values and by building strong positions for the remainder of 2021. For Q1 2021, NORDEN reports an Adjusted Result of USD -6 million (USD 29 million) and raises its guidance for the Adjusted Annual Result to USD 75-125 million, based on a strong performance in the Dry Operator business unit which is expected to bring significantly increased earnings in the remainder of 2021. The strong dry cargo market has le...