Odfjell SE: Annual Report 2023

Odfjell SE has today published its Annual Report for 2023. The report shows the Odfjell Group achieved a net profit of USD 203 million, up from USD 142 million in 2022.

Improved operational cash flow and equity ratio, along with increased dividends, reflect a strong performance by the company.

“In 2023 we made strong achievements in many key areas of our operation, including financial performance, safety and sustainability, fleet expansion and terminal enhancements, digitalization and diversity. Odfjell is poised for continued success amidst evolving global challenges”. CEO Harald Fotland said.

Contents include:

• Financial statements & Notes - Odfjell Group and Odfjell SE
• The Board of Director's report
• Business review from Odfjell Tankers, Ship Management and Odfjell Terminals
• ESG report

Please find attached both PDF and ESEF versions of the annual report and read the digital version on https://2023.odfjell.com/.

Hard copies can be ordered by contacting media@odfjell.com.

IR Contact:
Nils Jørgen Selvik, VP Corporate Analysis & IR
Tel: +47 920 39 718
E-mail: nils.jorgen.selvik@odfjell.com

The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids. The Odfjell fleet comprises of approx. 70 ships, which trade both globally and regionally. The tank terminal division consists of four tank terminals and is part of a network of another 10 tank terminals partly owned by related parties. The tank terminals are strategically located at selected international shipping hubs. The Odfjell Group’s headquarters are in Bergen, Norway, and the Group has offices in 13 locations around the world. Odfjell employs around 2300 staff and posted annual gross revenue of USD 1194 million in 2023. Read more on Odfjell.com. 

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.