NORDEN RAISES EXPECTATIONS FOR THE FULL-YEAR RESULT 2022
ANNOUNCEMENT NO. 116 - 20 JUNE 2022 NORDEN continues to leverage high and volatile tanker market rates and combined with recent dry cargo vessel sales, the Company raises its expectations for the full-year result. The Company now expects profit for 2022 in the range of USD 420-500 million (approximately DKK 3,000-3,500 million), up from USD 340-420 million. The expected improvement is concentrated in Q2 and Q3, and reflects improved performances across both business units, with the majority anchored in the Freight Services & Trading business unit. “We are benefitting from having