NORDEN RAISES EXPECTATIONS FOR THE FULL-YEAR RESULT 2022
ANNOUNCEMENT NO. 203 - 6 OCTOBER 2022 NORDEN raises its expectations for the full-year result, and now expects profit for 2022 in the range of USD 650-730 million (approximately DKK 4,600-5,200 million), up from USD 560-640 million. The increase reflects strong performance in both the Assets & Logistics and Freight Services & Trading business units. During Q3, NORDEN has realised asset trading profits in Assets & Logistics having sold 2 product tankers and 3 dry cargo vessels. Freight Services & Trading benefits from a high exposure in tankers while also generating