Attached please find below text as PDF file.
Dampskibsselskabet ”NORDEN” A/S
_______________________________________________________________________________
OMX Nordic Exchange Copenhagen A/S Announcement No. 38
Nikolaj Plads 6 15 November 2007
1067 Copenhagen K Page 1 of 1
NORDEN increases profit guidance
For 2007, NORDEN revises upwards the expected annual result to be in the range
of USD 670-700 million, including profit from the sale of vessels of USD 165
million and positive fair value adjustments of certain hedging instruments of
USD 13 million (IAS 39).
The upward adjustment of USD 110 million is primarily due to the strong
development and the Company's positioning in the dry bulk market during the
fourth quarter.
The estimated IAS 39 adjustments are based on known contracts and prices as of
the end of the third quarter.
The expectations are as follows:
New expectations for 2007 Old expectations for 2007
USD million Total Total
EBITDA 520-550 420-450
Profits from the sale of vessels 165 165
EBIT 665-695 565-595
Fair value adjustments of
certain hedging instruments 13 2
Profit after tax 670-700 560-590
Kind regards,
Dampskibsselskabet ”NORDEN” A/S
Carsten Mortensen
President & CEO
Contact at tel. +45 3315 0451: Carsten Mortensen, President & CEO.
_______________________________________________________________________________
Dampskibsselskabet ”NORDEN” A/S
49, Amaliegade
DK-1256 COPENHAGEN K
www.ds-norden.com
