Odfjell SE

ODF

Equity

ISIN NO0003399909 / Valor 599560

Oslo Stock Exchange (2025-03-18)

NOK 99.60+3.64%

Odfjell SE
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About company

Odfjell SE is a prominent player in the global market for the seaborne transportation and storage of chemicals and other specialty bulk liquids. Founded in 1914, the company has a long history of innovation, having pioneered the chemical tanker trade in the 1950s and the tank storage business in the late 1960s. Odfjell operates a fleet of advanced chemical tankers and a network of tank terminals worldwide, providing comprehensive logistics solutions for the safe and efficient handling of hazardous and non-hazardous liquids. The company's extensive experience and specialized infrastructure enable it to serve a diverse range of industries, including petrochemicals, agriculture, and pharmaceuticals.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue and Net Result

In 2023, Odfjell SE reported a significant milestone with a net result of USD 203 million, marking the strongest financial year in the company's history. This achievement was supported by a robust market and strategic renewals of contracts, enhancing the stability and profitability of the company's operations.

Dividend Announcement

Odfjell SE's board approved dividends totaling USD 99 million for the financial year 2023, which represents 50% of the adjusted net income, excluding extraordinary items. This decision reflects the company's strong financial performance and commitment to delivering shareholder value.

Debt Reduction

Throughout 2023, Odfjell SE focused on strengthening its financial position by reducing its interest-bearing debt by USD 149 million. By the end of the year, the company's total debt stood at USD 849 million, demonstrating effective financial management and a solid approach to debt reduction.

Carbon Intensity Reduction

Odfjell SE achieved a 5% reduction in carbon intensity across its controlled fleet in 2023, surpassing its 2030 target ahead of schedule. This accomplishment represents a total decrease of 52% against the 2008 IMO baseline, underscoring Odfjell's commitment to sustainability and environmental responsibility.

Safety Performance

In 2023, Odfjell SE continued to excel in safety performance, improving on all safety KPIs from the previous year. The company's focus on safety not only reinforces its position as a trusted partner in the industry but also aligns with its core values and operational excellence.

Summarized from source with an LLMView Source

Key figures

-25.7%1Y

176%3Y

427%5Y

Performance

39.8%1Y

36.9%3Y

39.4%5Y

Volatility