Odfjell Technology Ltd is pleased to report its financial and operational
results for the three-month period ended 30th June 2024.
Q2 Highlights:
– Revenue of NOK 1,359m, up 7.9% YoY
– EBITDA of NOK 221m, up 4.2% YoY
– EBIT of NOK 139m, up 14.8% YoY
– Net profit of NOK 88m, up 11.3% YoY
– Leverage ratio of 0.7X
– Available liquidity of NOK 846m
– Backlog of NOK 13.4bn
– Q2 dividend of NOK 45m – up NOK 10m on previous quarter
For the full results, please see the attached report and presentation.
CEO Odfjell Technology AS Simen Lieungh commented:
“I appreciate the efforts put in by our teams who have delivered good
operational and financial performance leading to continued growth. We have
delivered an EBITDA growth of 7% this first half compared to same period last
year.
The order backlog remains robust. In this quarter bp and Equinor, two
significant contracts in the UK, exercised options which firms up our backlog.
The market fundamentals remain strong and we expect that to continue. Odfjell
Technology has a strong balance sheet and is well positioned for continued
growth in the coming years.”
Chief Executive Officer Simen Lieungh, Chief Financial Officer Jone Torstensen
and SVP Finance & Investor Relations Gert Haugland, of Odfjell Technology AS
will be hosting a webcast Thursday 22nd August 2022 to present the results as
well as providing an outlook for the Company at 09:30am UK time / 10:30am Norway
Time.
Stakeholders can either use the following link for the webcast or listen via
telephone using the details below.
Information on how to submit questions will be given at the beginning of the Q&A
session.
Please join the event 5-10 minutes prior to scheduled start time. If prompted,
please provide the confirmation password below.
Webcast details:
https://brrmedia.news/ND4_Q2_24
Conference call details
USA Local: +1 786 697 3501
Norway Local Oslo: +47 2 156 3318
UK-Wide: +44 (0) 33 0551 0200
Password (if prompted), Quote ‘Odfjell Technology Q2’ when prompted by the
operator.
Participants will be asked for name and company.
For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0) 7796 547 889
gbas@odfjelltechnology.com
Aberdeen, United Kingdom
22nd August 2024
Odfjell Technology Ltd
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.