D/S Norden

358DKK +0.9 %

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NORDEN is an internationally operating shipping company with 12 global offices, headquartered in Copenhagen, Denmark, and listed on Nasdaq OMX Copenhagen. The company is present in the dry cargo and product tanker markets with a combination of operator and asset trading activities. NORDEN’s trading-oriented business model is based on the two business units ‘Assets & Logistics’ and ‘Freight Services & Trading’ – dividing the business into asset trading and operator activities. The company’s business activities are based on an asset-light trading strategy, only owning a small percentage (~5%) of its total operated vessel fleet consisting of close to 500 vessels. The agility of the business model enables NORDEN to continuously adjust short-term market exposure towards dry cargo and product tanker market developments while capitalizing on asset trading opportunities. In-house data and advanced analytics, risk management, and market research provide a data-driven approach to shipping, making proactive use of volatile markets.

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14.9 %
Dividend yield-%
25.23 %
Target price
NASDAQ Copenhagen
Daily low / high price
350.4 / 358 DKK
Market cap
12.17B DKK
20.51M DKK
NORDEN (One-pager): International product tanker and dry cargo shipping company

Today we publish our updated One-pager on NORDEN, the Danish-based product tanker and dry cargo shipping company. The company announced its Q1 2023 earnings last week, demonstrating a strong start to the year, realising net profits equal to 40% of the mid-point of its full-year guidance, and paying an extraordinary dividend of DKK 15 per share, equating to a yield of 3.6% given share prices at the time of the report.

Research2023-05-09 by Philip Coombes, Rasmus Køjborg