NORDEN RAISES EXPECTATIONS FOR FULL-YEAR RESULT
ANNOUNCEMENT NO. 67 - 1 JUNE 2021 Following continued strong performance in the Dry Operator business unit, NORDEN raises its expectations for the full-year 2021 Adjusted Result to USD 110-160 million (approximately DKK 670-975 million), up from USD 75-125 million. The broad guidance range reflects expectations that are mainly based on unrealised future earnings in a market with unusually high volatility. “We continue to benefit from Dry Operator’s long position (more tonnage than cargoes) and increased market exposure to a strong market that especially favours the smaller vessel