ANNOUNCEMENT NO. 29 – 8 FEBRUARY 2024
COPENHAGEN, Denmark, Feb. 8, 2024 /PRNewswire/ — NORDEN reports an annual result of USD 400 million (approx. DKK 2,760 million). For the fourth quarter of 2023 net profit amounted to USD 43 million (approx. DKK 297 million).
Freight Services & Trading posted a net profit of USD 133 million (approx. DKK 918 million) and Assets & Logistics a net profit of USD 268 million (approx. DKK 1,850 million) for the full-year 2023.
Free cashflow for the full-year 2023 amounted to USD 264 million (approx. DKK 1,822 million) and with a positive free cashflow of USD 30 million (DKK 207 million) for the fourth quarter of 2023.
Return on invested capital was 32% for the full-year 2023 and was 14% for fourth quarter of 2023.
For the full-year 2024 NORDEN expects a net profit in the range of …