Brief: Odfjell Q4 EBITDA Of USD 66 Million

Odfjell SE

11/02/2021 06:11

Feb 11 (Reuters) - Odfjell SE  ODF.OL :
    * ODFJELL SE: STABLE CHEMICAL TANKER RATES, BUT CPP MARKETS
ARE
PUTTING PRESSURE ON EARNINGS
    * Q4 EBITDA OF USD 66 MILLION, COMPARED WITH USD 72 MILLION
IN Q3
2020
    * Q4 NET RESULT OF USD -3 MILLION COMPARED TO USD 4 MILLION
LAST
QUARTER
    * 2021 HAS STARTED WITH A CONTINUED WEAK CPP MARKET AND HIGH
FUEL
COST, SO ALTHOUGH RATES IN CHEMICALS REMAIN STABLE, WE EXPECT TO
REPORT A WEAKER 1Q21 - CEO
    * WE FORECAST CHEMICAL TANKER DEMAND GROWTH TO AVERAGE 3%
BETWEEN
2021 AND 2023 RELATIVE TO A SUPPLY GROWTH OF 1% IN THE SAME
PERIOD.

Source text for Eikon:  ID:nWkr6GtXLF 
Further company coverage:  ODF.OL 

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