NORDEN BUILDS SUBSTANTIAL VALUE IN Q1 AND RAISES GUIDANCE FOR 2021
ANNOUNCEMENT NO. 64 - 6 MAY 2021 NORDEN is well-positioned to capitalise on a historically strong dry cargo market through significant increases in fleet values and by building strong positions for the remainder of 2021. For Q1 2021, NORDEN reports an Adjusted Result of USD -6 million (USD 29 million) and raises its guidance for the Adjusted Annual Result to USD 75-125 million, based on a strong performance in the Dry Operator business unit which is expected to bring significantly increased earnings in the remainder of 2021. The strong dry cargo market has led to an increase in the