Brief: Odfjell SE Q4 EBITDA Down At $32.7 Million

Odfjell SE

14/02/2019 06:52

Feb 14 (Reuters) - Odfjell SE  ODF.OL :
    * REG-ODFJELL SE: A WEAK CHEMICAL TANKER MARKET THAT IMPROVED TOWARDS THE END OF THE QUARTER
    * CHEMICAL TANKER SPOT RATES IMPROVED TOWARDS END OF 4Q18, WHICH SEEMS TO CONTINUE INTO 1Q19
    * RESULTS REFLECT A WEAK CHEMICAL TANKER MARKET THAT IMPROVED TOWARDS END OF QUARTER, AND
STABLE
UNDERLYING RESULTS FROM ODFJELL TERMINALS
    * Q4 EBITDA $32.7 MILLION VERSUS  $40.8 MILLION YEAR AGO
    * Q4 NET LOSS $47.6 MILLION VERSUS PROFIT $104.3 MILLION YEAR AGO
    * MARKET INDEX INCREASED IN 4Q18, WHICH IS CONTINUING INTO 1Q19, CO EXPECTS 1Q19 RESULTS TO
IMPROVE
    * SEES ODFJELL TERMINALS' UNDERLYING RESULTS TO BE STABLE IN 2019

Source text for Eikon:  ID:nGNE8xHngL 
Further company coverage:  ODF.OL 

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