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: February 8th 2024

Yearly estimates

USD million Estimated 2024 Estimated 2025 Estimated 2026
T/C equivalent revenue 2,161 2,160 2,127
EBITDA 470 515 509
EBITDA Assets & Logistics 278 243 235
EBITDA Freight Services & Trading 214 258 262
EBIT 228 227 239
Net profit 206 207 215
Net profit Assets & Logistics 175 109 99
Net profit Freight Services & Trading 32 98 116
Adjusted Net profit 147 207 215
Net Asset Value per share DKK 382 N/A N/A
Target share price (DKK) 413 N/A N/A
Company guidance for full-year 2023 150-250 N/A N/A

Quarterly estimates 2024

In USD million Estimated Q1 2024 Actual Q1 2024
T/C equivalent revenue 526 N/A
EBITDA 111 N/A
EBITDA Assets & Logistics 69 N/A
EBITDA Freight servicea & Trading 48 N/A
EBIT 76 NA/
Net profit 70 N/A
Net profit Assets & Logistics 69 N/A
Net profit Freight Services & Trading 1 N/A
Adjusted Net profit 30 N/A

Equity analysts

ABG Sundal Collier

Covers the sectors:

AlphaValue

Kepler Cheuvreux

Covers the sectors:

Shipping

SEB

Ulrik Bak

Analyst

+45 3328 3314

Covers the sectors:

Transportation

Credit analysts

Pareto Securities

Stian Abrahamsen

Credit Analyst

+47 2413 2190

SEB

Magnus Hjermann

Credit Analyst

+47 2100 8624

Contact

Stig Frederiksen

Head of Communications & Investor Relations


sfr@norden.com +45 3271 0855