NORDEN reports second quarter result of USD 108 million and continues to return cash to shareholders


NORDEN CEO, Jan Rindbo, comments:
”NORDEN generated USD 108 million profit for Q2 based on strong earnings in both business units. A dedicated focus on customer freight services in volatile markets ensured profitable margins across both dry cargo and tankers, despite weaker market sentiment. In addition, we have delivered high cover earnings and vessel sales gains through active management of our portfolio. Based on another strong quarter, we continue to generate significant cash returns to our shareholders with an interim dividend of DKK 10 per share and a share buy-back programme of USD 30 million.”

Second quarter 2023

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Investor presentation Q2 2023

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