Odfjell SE: Another quarter with positive results
Odfjell SE today reported its results for the third quarter of 2020. The report shows another quarter with positive results despite a seasonally slower market, a high number of drydockings and an unclear macro environment. Highlights for 3Q20: · EBITDA of USD 72 million, compared with USD 82 million in 2Q20 · EBITDA of USD 64 million from Odfjell Tankers, compared to USD 74 million in 2Q20 · EBITDA of USD 8 million from Odfjell Terminals, same as 2Q20 · Net result was USD 4 million compared to USD 31 million last quarter · Adjusted for non-recurring items, net