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Dampskibsselskabet Norden A/S (DNORD.CO)

DNORD.CO on Copenhagen Stock Exchange

132.00DKK
7:28am EDT
Change (% chg)

kr.0.30 (+0.23%)
Prev Close
kr.131.70
Open
kr.131.70
Day's High
kr.132.20
Day's Low
kr.131.00
Volume
57,147
Avg. Vol
136,405
52-wk High
kr.151.30
52-wk Low
kr.89.00

Latest Key Developments (Source: Significant Developments)

Dampskibsselskabet Norden Q2 EBITDA at $7.3​ mln, below expectations​
Thursday, 17 Aug 2017 02:06am EDT 

Aug 17 (Reuters) - DAMPSKIBSSELSKABET NORDEN A/S ::‍EXPECTATIONS FOR ADJUSTED RESULTS FOR YEAR ARE NARROWED WITHIN GUIDANCE PREVIOUSLY ANNOUNCED TO USD -20 TO 20 MILLION​.Q2 REVENUE $‍399.6​ MILLION (REUTERS POLL $379 MILLION).Q2 EBITDA $7.3​ MILLION (REUTERS POLL $12.2 MILLION).  Full Article

Dampskibsselskabet Norden buys a Japanese-built MR product tanker
Wednesday, 21 Jun 2017 07:18am EDT 

June 21 (Reuters) - DAMPSKIBSSELSKABET NORDEN A/S :PURCHASED A JAPANESE-BUILT MR PRODUCT TANKER FROM 2010‍​.VESSEL IS EXPECTED TO JOIN NORDEN’S OWNED FLEET IN JULY 2017.THE VESSEL HAS A CARGO CAPACITY OF 48,000 TONNES AND IS EXPECTED TO JOIN NORDEN’S OWNED FLEET IN JULY 2017.  Full Article

Dampskibsselskabet Norden expands product tanker fleet
Thursday, 8 Jun 2017 08:56am EDT 

June 8 (Reuters) - DAMPSKIBSSELSKABET NORDEN A/S :NORDEN HAS PURCHASED A 2009-BUILT MR PRODUCT TANKER WITH A CARGO CAPACITY OF 50,000 TONNES.THE SOUTH KOREAN-BUILT VESSEL IS EXPECTED TO BE DELIVERED IN JULY 2017 AND WILL BE RENAMED NORD PEARL..ENTERED INTO LONG TERM CHARTER AGREEMENTS FOR FURTHER 2 MR PRODUCT TANKER NEWBUILDINGS.THE NEW VESSELS ARE SCHEDULED TO BE DELIVERED TO NORDEN IN THE YEARS 2018-2020.  Full Article

D/S Norden Q1 EBITDA at $10.3 million, below expectations
Wednesday, 3 May 2017 02:12am EDT 

May 3 (Reuters) - DAMPSKIBSSELSKABET NORDEN A/S ::Q1 EBITDA $ 10.3 MILLION (REUTERS POLL $13.5 MILLION).Q1 REVENUE $ 440.1 MILLION (REUTERS POLL $295 MILLION).TANKER MARKET THAT STILL LOOKS CHALLENGING THROUGHOUT 2017.SEES NORDEN EXPECTS FULL-YEAR FLEET GROWTH OF AROUND 3%..MAINTAINS ITS EXPECTATIONS FOR THE ADJUSTED RESULTS FOR THE YEAR AT USD -20 TO 40 MILLION..DRY CARGO MARKET IS EXPECTED TO OFFER RATES A LITTLE HIGHER THAN IN 2016.SEES 2017 ADJUSTED RESULTS FOR THE YEAR OF USD -15 TO 45 MILLION FOR DRY CARGO.SEES 2017 ADJUSTED RESULTS FOR THE YEAR OF USD -15 TO 15 MILLION FOR TANKERS.SEES 2017 ADJUSTED RESULTS FOR THE YEAR OF USD -20 TO 40 MILLION FOR GROUP.  Full Article

Dampskibsselskabet Norden Q4 EBITDA $2.9 million, below expectatins
Wednesday, 1 Mar 2017 02:21am EST 

Dampskibsselskabet Norden A/S : Q4 EBITDA $2.9 million (Reuters poll $5.62 million) .Expected adjusted results for 2017 for group: $-20 million to $+40 million based on an improving dry cargo market and a tanker market expected to be weaker than in 2016.  Full Article

Dampskibsselskabet Norden Q3 EBITDA down at $4.1 million
Wednesday, 9 Nov 2016 02:22am EST 

Dampskibsselskabet Norden A/S : Expectations for group's adjusted results for year are maintained at USD -60 to -20 million . Q3 revenue $314.1 million versus $400.1 million year ago .Q3 EBITDA $4.1 million versus $41.5 million year ago.  Full Article

D/S Norden Q2 EBIT loss $34.0 million, in line with expectations
Wednesday, 17 Aug 2016 02:22am EDT 

Dampskibsselskabet Norden A/S : Q2 revenue $311.8 million (Reuters poll $299 million) . Q2 EBITDA $12.2 million (Reuters poll $13.5 million) . Q2 EBIT loss $34.0 million (Reuters poll loss $34.4 million) . Q2 net loss $24.0 million (Reuters poll loss $37.7 million) . Expectations for the adjusted results for the year are narrowed within the guidance previously announced to loss of between $60 million and $20 million .Says tanker market is expected to offer weaker rates in second half-year compared to Q2.  Full Article

Dampskibsselskabet Norden sells 4 Handysize Dry Cargo vessels
Wednesday, 15 Jun 2016 10:04am EDT 

Dampskibsselskabet Norden A/S : Sells 4 Handysize Dry Cargo vessels as a part of strategic focus . Says is focusing its ownership in dry cargo segment on medium-sized vessel types Supramax and Panamax . Sale will entail an accounting loss of $18 million. .Says underlying operations are unaffected by sale.  Full Article

Dampskibsselskabet Norden sells 4 Post-Panamax vessels
Friday, 10 Jun 2016 10:34am EDT 

Dampskibsselskabet Norden A/S : Sells 4 Post-Panamax vessels . Proceeds from sale will be reinvested in Supramax and Panamax Vessels. . Norden does no longer own Post-Panamax vessels, but still operates 4 chartered vessels of this vessel type. . Sale will entail an accounting loss of $16 million. .Maintains its expectations for adjusted results for year 2016.  Full Article

Dampskibsselskabet NORDEN comments on FY 2016 guidance
Wednesday, 4 May 2016 02:27am EDT 

Dampskibsselskabet NORDEN A/S:Says expectations to the adjusted results for FY 2016 are maintained at $ -60 to $30 million.Expectations for FY 2016 capex are changed to $-30 million to $-50 million versus $-20 million to $-40 million previously.  Full Article