Odfjell SE

Equities

ODF

NO0003399909

Oil & Gas Transportation Services

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-04-26 am EDT			5-day change	1st Jan Change
174 ^NOK	-1.47%		+4.19%	+49.36%

Apr. 16	Nordic Stocks Decreased Tuesday; HMS Networks Posted Biggest Loss	DJ
Mar. 14	Odfjell Drilling Wins Four-year Platform Drilling Contract from Equinor Energy	MT

Odfjell SE Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 01, 2023 at 03:00 pm EDT

Odfjell SE reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 295.2 million compared to USD 351.4 million a year ago. Net income was USD 51.9 million compared to USD 50.2 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.64 a year ago.
For the nine months, sales was USD 898 million compared to USD 991.7 million a year ago. Net income was USD 151.2 million compared to USD 91.2 million a year ago. Basic earnings per share from continuing operations was USD 1.91 compared to USD 1.16 a year ago.

Latest news about Odfjell SE

Nordic Stocks Decreased Tuesday; HMS Networks Posted Biggest Loss	Apr. 16	DJ
Odfjell Drilling Wins Four-year Platform Drilling Contract from Equinor Energy	Mar. 14	MT
Equinor Awards NOK18.4 Billion Extensions for Drilling Contracts with Archer, KCA Deutag, Odfjell	Mar. 14	MT
Transcript : Odfjell SE, Q4 2023 Earnings Call, Feb 09, 2024	Feb. 09
Odfjell SE Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 08	CI
Odfjell SE Approves Dividend for Second Half 2023, Payable on 21 February 2024	Feb. 08	CI
Odfjell SE Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 08	CI
Stolt-Nielsen Norway As acquired additional 5.3% stake in Odfjell SE (OB:ODF).	Feb. 04	CI
Odfjell Drillers at Equinor's Mariner Platform Plan Strike Action	Jan. 18	MT
Odfjell Technology Wins Five-year Drilling Contract from Repsol Unit	Jan. 17	MT
Odfjell Drilling, Aker BP Sign Two-year Extension to Deepsea Nordkapp Rig Contract	Dec. 15	MT
UK's Unite union says offshore Odfjell drillers agree pay deal	Nov. 29	RE
UK'S UNITE UNION: OFFSHORE ODFJELL DRILLERS STRIKE PAY DEAL…	Nov. 29	RE
J. Lauritzen A/S, Cavenham Public Growth, Local Resources Ltd., Lytra Holdings S.A. and Nicholas Lykiardopulo completed the acquisition of the remaining stake in BW Epic Kosan Ltd. (OB:BWEK).	Nov. 19	CI
Odfjell Adds Six Newbuild Chemical Tankers to Fleet	Nov. 13	MT
Odfjell SE Expands Its Fleet with Six Newbuildings Through A Combination of Long-Term Time Charter and Pool Agreements	Nov. 13	CI
Odfjell SE Expands Its Fleet with Six New Buildings Through A Combination of Long-Term Time Charter and Pool Agreements	Nov. 13	CI
Transcript : Odfjell SE, Q3 2023 Earnings Call, Nov 02, 2023	Nov. 02
Odfjell SE Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 01	CI
UK'S UNITE UNION: OFFSHORE ODFJELL DRILLERS BALLOTED ON STRIKE A…	23-10-27	RE
Scana Unit Extends Marine Risers, Subsea Equipment Services Contract with Odfjell Drilling	23-10-24	MT
Odfjell Technology Secures Five-year Contract with Aker BP	23-10-19	MT
J. Lauritzen A/S, Cavenham Public Growth, Local Resources Ltd., Lytra Holdings S.A. and Nicholas Lykiardopulo made an offer to acquire the remaining stake in BW Epic Kosan Ltd. (OB:BWEK) for NOK 350 million	23-10-08	CI
Odfjell to Install Wind-assisted Propulsion Technology on Chemical Tanker	23-08-17	MT
Transcript : Odfjell SE, Q2 2023 Earnings Call, Aug 17, 2023	23-08-17

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Company Profile

Odfjell SE is a Norway-based company engaged in the marine industry. The Company is engaged in the provision of seaborne transportation and storage of chemicals and other specialty bulk liquids. The Company has two reportable operating segments: Chemical Tankers and Tank Terminals. The Chemical Tankers involve around the world' service, servicing ports in Europe, North and South America, the Middle East and Asia, Australia and Africa. The Tank Terminals segment offers storage of various chemical and petroleum products and is operated through joint ventures with its share owned by the subsidiary Odfjell Terminals BV. In addition, this segment plays an important operational role in cargo consolidation program so as to reduce the time its vessels spend in ports, reduce thereby emission in port, and enable the Company to be one of the world leaders in combined shipping and storage services.

Sector

Oil & Gas Transportation Services

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Ratings for Odfjell SE

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ESG Refinitiv

B-

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Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.76 USD

Average target price

16.16 USD

Spread / Average Target

+2.55%

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Sector Sea-Borne Tankers

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