Analyst coverage & estimates

Earnings estimates from analysts

Earnings estimates are based on projections from analysts who cover Dampskibsselskabet NORDEN A/S. However, projections are not necessarily received from all analysts each quarter.

Please note that any opinions, estimates or forecasts regarding NORDEN’s performance made by analysts are theirs and not necessarily those of NORDEN or our management. Thus by providing or distributing this material, NORDEN does not endorse or necessarily agree with such information, conclusions or recommendations.

Latest update of estimates: February 8th 2024

Yearly estimates

USD million Estimated 2023 Estimated 2024 Estimated 2025
T/C equivalent revenue 2,414 2,196 2,257
EBITDA 689 505 552
EBITDA Assets & Logistics 366 302 264
EBITDA Freight Services & Trading 323 203 288
EBIT 428 220 241
Net profit 402 195 216
Net profit Assets & Logistics 269 147 124
Net profit Freight Services & Trading 133 48 92
Adjusted Net profit 351 195 216
Net Asset Value per share DKK 401 N/A N/A
Target share price (DKK) 431 N/A N/A
Company guidance for full-year 2023 380-420

Quarterly estimates 2023

In USD million Estimated Q4 2023 Actual Q4 2023
T/C equivalent revenue 531 496.1
EBITDA 130 119.1
EBITDA Assets & Logistics 88 75.6
EBITDA Freight servicea & Trading 42 43.5
EBIT 52 45.4
Net profit 45 43.1
Net profit Assets & Logistics 48 41.1
Net profit Freight Services & Trading 3 2
Adjusted Net profit 40 N/A

Equity analysts

ABG Sundal Collier

Covers the sectors:

AlphaValue

Kepler Cheuvreux

Covers the sectors:

Shipping

SEB

Ulrik Bak

Analyst

+45 3328 3314

Covers the sectors:

Transportation

Credit analysts

Pareto Securities

Stian Abrahamsen

Credit Analyst

+47 2413 2190

SEB

Magnus Hjermann

Credit Analyst

+47 2100 8624

Contact

Stig Frederiksen

Head of Communications & Investor Relations


sfr@norden.com +45 3271 0855