Denmark's Norden reports $120 mln FY 2025 profit on strong vessel sales

Dampskibsselskabet Norden A/S

04/02/2026 07:25

Overview

Danish shipping firm's FY 2025 net profit reached USD 120 mln, driven by vessel sales

Company expects lower profitability in 2026 with net profit guidance of USD 30 mln-100 mln

Company announced USD 35 mln shareholder return via dividend and share buyback

Outlook

Norden expects 2026 net profit between USD 30 mln and USD 100 mln

Company anticipates strong tanker margins in H1 2026, easing later

Norden sees USD 20 mln gains from vessel sales in 2026

Result Drivers

VESSEL SALES - USD 70 mln of net profit in 2025 was driven by gains from the sale of vessels

ASSET MANAGEMENT - NORDEN's strategy of shifting between asset-heavy and asset-light exposure enabled value capture in dynamic markets

FLEET MANAGEMENT - Sold 23 vessels and signed 24 new lease agreements with purchase options in 2025

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
$120 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "hold."

Wall Street's median 12-month price target for Dampskibsselskabet Norden A/S is DKK262.00, about 8.3% below its February 3 closing price of DKK285.80

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nWkrbJFfBK

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)