Brief: Odfjell Q3 EBITDA Of USD 27 Million From Odfjell Tankers

Odfjell SE

09/11/2018 06:19

Nov 9 (Reuters) - Odfjell SE  ODF.OL :
    * REG-ODFJELL SE 3Q18: CHEMICAL TANKER MARKET REMAINED
UNCHANGED
FROM PREVIOUS QUARTER
    * EBITDA OF USD 27 MILLION FROM ODFJELL TANKERS COMPARED TO
USD 28
MILLION IN Q2
    * EBITDA OF USD 4 MILLION FROM ODFJELL TERMINALS COMPARED TO
USD 9
MILLION IN Q2
    * Q3 EBITDA $31.5 MILLION (REUTERS POLL: $28.7 MILLION)
    * CHEMICAL TANKER MARKET REMAINED DEPRESSED DURING THE
QUARTER,
    * Q3 GROSS REVENUE $233.7 MILLION (REUTERS POLL: $212
MILLION)
    * ODFIX INDEX WAS DOWN 2% Q-O-Q MAINLY AS A RESULT OF HIGHER
BUNKER COST.
    * EXPECTS CHEMICAL TANKER MARKET TO REMAIN CHALLENGING BUT
CONTINUES TO BELIEVE 2018 WILL BE THE TURNING POINT IN THE
MARKET.

Source text for Eikon:  ID:nGNE4QSTlM 
Further company coverage:  ODF.OL 

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