NORDEN reports net profit of USD 99 million in Q3 2023 and continues to return cash to shareholders
ANNOUNCEMENT NO. 185 - 2 NOVEMBER 2023 For Q3 2023, NORDEN reports a profit of USD 99 million (approx. DKK 700 million). For the first nine-months of 2023 net profit amounted to USD 357 million (approx. DKK 2.5 billion). Free cash flow before acquisitions and financial assets in Q3 amounted to USD 109 million (approx. DKK 770 million). For the first nine-months of 2023, free cash flow before acquisitions and financial assets amounted to USD 305 million (approx. DKK 2.2 billion). Return on equity (annualised) was 27% at the end of Q3 and was 35% for the first nine-months of 2023.