NORDEN RAISES EXPECTATIONS FOR THE FULL-YEAR RESULT 2022
ANNOUNCEMENT NO. 114 - 18 MAY 2022 Based on good execution in a continued strong trading environment with high and volatile market rates, NORDEN raises its expectations for the full-year profit for 2022 to USD 340-420 million (approximately DKK 2,400-3,000 million), up from USD 270-350 million. The expected improvement is concentrated in Q2 and Q3, and mainly relates to stronger performance in the Freight Services & Trading business unit. “We are generating very strong earnings for Q2, utilising market opportunities driven by shifting trade patterns and regional rate volatility across