NORDEN Raises Expectations for the Full-Year Result 2022
ANNOUNCEMENT NO. 143 - 4 AUGUST 2022 NORDEN raises its expectations for the full-year result, and now expects profit for 2022 in the range of USD 560-640 million (approximately DKK 4,100-4,700 million), up from USD 420-500 million. In line with NORDEN’s shift in market exposure from dry cargo to product tankers during Q2, the Company has been well positioned to capitalise on a weakening dry cargo market having booked more cargo than tonnage. NORDEN also continues to benefit from an exceptionally strong product tanker market, where the Company has significant market exposure.