Odfjell SE: Improved results driven by a continued recovery in Odfjell Tankers
Odfjell SE today reported its results for the fourth quarter of 2019 which ended on a strong note. Highlights for 4Q19: • Improving results driven by continued recovery in the chemical tanker markets• EBITDA of USD 58 million, compared with USD 51 million in 3Q19• EBITDA of USD 50 million from Odfjell Tankers, compared with USD 45 million in 3Q19• EBITDA of USD 8 mill from Odfjell Terminals, compared to USD 6 million in 3Q19• Net result of USD -10 million compared to USD -1 million last quarter. • Adjusted for non-recurring items, net results were USD -7