NORDEN reports net profit of USD 33 million (DKK 234 million) in Q1 2025

NORDEN Raises Profit Estimation After Vessel Sales Arouse - mfame.guru

Norden upgrades its full-year 2025 profit guidance to USD 50-130 million and predicts nearly USD 45 million exclusively from the sales of vessels. Eleven vessels sold year-to-date five of them from declared purchase options.  On witnessing the gains from solid operative performance and profitable vessel transactions, Danish shipping giant NORDEN has raised its full-year 2025 profit forecast. The Company has sold a total of eleven vessels so far …

NORDEN reports net profit of USD 33 million (DKK 234 million) in Q1 2025

ANNOUNCEMENT NO. 82 – 1 MAY 2025 HELLERUP, Denmark, May 1, 2025 /PRNewswire/ — Despite continued geopolitical uncertainties and challenging market conditions, NORDEN delivered a solid first quarter result with a net profit of USD 33 million (DKK 234 mio.) and a return on invested capital of 11% LTM. The NAV was DKK 372 per share at the end of the first quarter. In line with our strategy to realise asset values, we have during the quarter realise…