Analyst coverage & estimates

Earnings estimates from analysts

Earnings estimates are based on projections from analysts who cover Dampskibsselskabet NORDEN A/S. However, projections are not necessarily received from all analysts each quarter.

Please note that any opinions, estimates or forecasts regarding NORDEN’s performance made by analysts are theirs and not necessarily those of NORDEN or our management. Thus by providing or distributing this material, NORDEN does not endorse or necessarily agree with such information, conclusions or recommendations.

Latest update of estimates: October 30th 2023

Yearly estimates 2023

USD million	Estimated 2023	Estimated 2024	Estimated 2025
T/C equivalent revenue	2,672	2,724	2,764
EBITDA	724	636	664
EBITDA Assets & Logistics	363	332	342
EBITDA Freight Services & Trading	376	320	322
EBIT	432	292	324
Net profit	405	270	303
Net profit Assets & Logistics	252	149	140
Net profit Freight Services & Trading	150	93	108
Adjusted Net profit	355	241	247

Net Asset Value per share DKK	421	N/A	N/A
Target share price (DKK)	458	N/A	N/A

Company guidance for full-year 2023	360-420

Quarterly estimates 2023

In USD million	Estimated Q3 2023	Actual Q3 2023
T/C equivalent revenue	669	N/A
EBITDA	170	N/A
EBITDA Assets & Logistics	95	N/A
EBITDA Freight servicea & Trading	75	N/A
EBIT	80	N/A
Net profit	74	N/A
Net profit Assets & Logistics	49	N/A
Net profit Freight Services & Trading	23	N/A
Adjusted Net profit	73	N/A