NORDEN ON TRACK FOR BEST ANNUAL RESULT IN 11 YEARS AND INCREASES GUIDANCE FOR FULL-YEAR RESULT
ANNOUNCEMENT NO. 72 - 18 AUGUST 2021 For the second quarter 2021, NORDEN reports an adjusted result of USD 32 million - the best quarterly result in six years, and is on track to deliver its best annual result in 11 years. NORDEN has capitalised on the incredibly strong dry cargo market during Q2, thanks to record-high exposure, ongoing positioning and the ability to generate margins through strong operator activity. In addition, NORDEN has benefitted from significant increases in the market value of owned and leased vessels in the Asset Management unit, rising by USD 258 million