Frontline PLC (FRA:HF6)
€ 18.095 -0.315 (-1.71%) Market Cap: 3.92 Bil Enterprise Value: 7.15 Bil PE Ratio: 5.94 PB Ratio: 1.74 GF Score: 79/100

Q3 2023 Frontline Plc Earnings Call Transcript

Nov 30, 2023 / 02:00PM GMT
Release Date Price: €17.74 (-9.40%)
Operator

Good day, and thank you for standing by. Welcome to the Q3 2023 Frontline plc, Earnings Conference Call. (Operator Instructions). Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Lars Barstad. Please go ahead.

Lars H. Barstad
Frontline plc - CEO of Frontline Management AS

Thank you. There all, thank you for listening into Frontline's third quarter earnings call. To start off, I believe it's prudent to mention that Q3 this year started challenging and remind the audience of July, August and Sep is normally called the summer lull in the tanker industry.

The excitement in June did give us high expectations for the fall market. And although not draw dropping, we have seen worse. The tanker market continues to be firm with risk rather on the upside than the downside, but there are many pieces to this puzzle. I will get to some of them in this presentation. Before I give the word to Inger, let's look at our TC numbers on Slide 3 in the deck. In the third quarter, Frontline

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