Denmark's Norden reports $120 mln FY 2025 profit on strong vessel sales

Overview

• Danish shipping firm's FY 2025 net profit reached USD 120 mln, driven by vessel sales

• Company expects lower profitability in 2026 with net profit guidance of USD 30 mln-100 mln

• Company announced USD 35 mln shareholder return via dividend and share buyback

Outlook

• Norden expects 2026 net profit between USD 30 mln and USD 100 mln

• Company anticipates strong tanker margins in H1 2026, easing later

• Norden sees USD 20 mln gains from vessel sales in 2026

Result Drivers

• VESSEL SALES - USD 70 mln of net profit in 2025 was driven by gains from the sale of vessels

• ASSET MANAGEMENT - NORDEN's strategy of shifting between asset-heavy and asset-light exposure enabled value capture in dynamic markets

• FLEET MANAGEMENT - Sold 23 vessels and signed 24 new lease agreements with purchase options in 2025

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the marine freight & logistics peer group is "hold."

• Wall Street's median 12-month price target for Dampskibsselskabet Norden A/S is DKK262.00, about 8.3% below its February 3 closing price of DKK285.80

• The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nWkrbJFfBK

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)