Brief: Odfjell with Targets Of Average Revenue Growth Of 10% Per Year Over Time

Odfjell SE

05/06/2018 08:34

June 5 (Reuters) - Odfjell SE  ODF.OL :
    * HIGH LEVEL TARGETS OF AVERAGE REVENUE GROWTH OF 10% PER YEAR (OVER TIME)
    * "IF ROTTERDAM IS NOT SOLD, WE WILL FOLLOW THE PLAN TO REBUILD AS LONG TERM OWNERS"
    * SAYS TARGET IS LONG-TERM DEBT TO BE REFINANCED NO LATER THAN  3-6  MONTHS PRIOR TO ITS
MATURITY
    * TANK TERMINAL JV TO BE SELF FUNDED, FINANCING & FUNDING NONRECOURSE TO OWNERS
    * GROWTH IN ODFJELL TANKERS FULLY FUNDED WITH EQUITY INSTALMENTS LIMITED TO USD 24 MILL IN
2018
AND 2019
    * EXPECTS 2% P.A. VOLUME GROWTH FOR INORGANIC CHEMICALS
    * NEW CAPACITY HAS SO FAR HAD A NEGATIVE EFFECT ON SHIPPING DEMAND THROUGH REDUCED IMPORTS
–THIS
IS EXPECTED TO TURN FROM 2018
    * EXPECTS FUNDAMENTAL DEMAND GROWTH TO OUTPACE SUPPLY GROWTH TOWARDS 2020
    * SAYS TANGIBLE SYNERGIES EXIST, AND SOME REMAIN UNTAPPED
    * SAYS WILL CONSIDER TO TAG ALONG IN ROTTERDAM
    * "AS PART OF THE LG TRANSACTION WE ARE HOPING TO CHANGE OUR TERMINAL DIVISION TO A MORE
FLEXIBLE
STRUCTURE"

Source text for Eikon:  ID:nGNE4R17vT 
Further company coverage:  ODF.OL 

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