Interim report - third quarter of 2017 and video: NORDEN Update


Some highlights:

Third quarter of 2017

  • Adjusted result for Q3 2017: USD 4 million (Q3 2016: USD -12 million)
  • Dry Cargo: USD 5 million (USD -8 million)
  • Tankers: USD -1 million (USD -4 million)
  • Group EBIT Q3 2017: USD -2 million (USD -13 million) 


Expectations for 2017

  • Expectations for the adjusted results for the year are raised to USD -10 to 30 million (previously USD -20 to 20 million) as a result of higher expected Dry Cargo earnings. 


“NORDEN is well positioned to benefit from the recent significant improvements in the dry cargo market and raises the expectations for the overall full-year results of the Company. With a new focused operator platform for the short-term operator activity in Dry Cargo and a tanker business that continues to outperform the market and has increased the capacity at attractive levels, the conditions for an improved result for the year are now in place.” CEO Jan Rindbo


Announcement no. 8