Brief: Odfjell Q2 EBITDA At $82 Million

Odfjell SE

20/08/2020 06:16

Aug 20 (Reuters) - Odfjell SE  ODF.OL :
    * ODFJELL SE: GOOD QUARTER DRIVEN BY INCREASED CHEMICAL
TANKER
EARNINGS
    * Q2 EBITDA OF USD 82 MILLION, COMPARED WITH USD 66 MILLION
IN
1Q20
    * Q2 NET RESULT OF USD 31 MILLION COMPARED WITH USD -4
MILLION
LAST QUARTER
    * 2Q20 WAS A GOOD QUARTER FOR ODFJELL DUE TO A CONTINUED
FIRMING
CHEMICAL TANKER MARKET AND A FIRM SPOT MARKET
    * COVID-19 CONTINUES TO CAST HIGH UNCERTAINTY ABOUT FUTURE,
BUT WE
ARE SO FAR NOT EXPERIENCING ANY MAJOR NEGATIVE IMPACT OVERALL IN
OUR MARKETS
    * WE EXPECT 3Q20 TO BE IMPACTED BY USUAL SEASONALITY AND WE
THEREFORE ANTICIPATE TO REPORT WEAKER, BUT STILL POSITIVE,
RESULTS IN NEXT QUARTER

Source text for Eikon:  ID:nWkr8VlXTC 
Further company coverage:  ODF.OL 

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