Odfjell SE (FRA:O7F1)
€ 9.3 -0.2 (-2.11%) Market Cap: 734.12 Mil Enterprise Value: 1.59 Bil PE Ratio: 3.03 PB Ratio: 0.94 GF Score: 67/100

Q4 2023 Odfjell SE Earnings Call Transcript

Feb 09, 2024 / 08:00AM GMT
Release Date Price: €11.3 (-1.74%)
Operator

Good morning, everybody, and welcome to the presentation of Odfjell's fourth quarter and preliminary full year results for 2023. Before I continue, please observe that you have the opportunity to ask questions during the presentation and these questions will be answered after the presentation. Today's agenda follow a usual pattern. I will present the highlights, my colleague Terje Iversen will present the financials and then I will continue with an operational review and our prospects for the future.

If we then turn to the highlights, fourth quarter was another solid quarter for Odfjell and it concluded a record year for the company actually, these are the best full year results that the Odfjell has ever presented. The time charter earnings in Odfjell Tankers ended at USD182 million, and this compares to USD184 million in the third quarter.

Harald Fotland
Odfjell SE - CEO

The EBIT was $71 million and this compares to $76 million in the third quarter, we delivered a very strong net result of USD52 million and adjusted for one-offs, then the result was

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot