- Time-charter results up 11% compared to third quarter
- Continued solid results from tank terminals
- Break-even net result in fourth quarter
- EBITDA 2010 USD 169 million
- Net result 2010, including non-recurring tax of USD 42 million, negative USD 79 million
- Continued solid results from tank terminals
- Break-even net result in fourth quarter
- EBITDA 2010 USD 169 million
- Net result 2010, including non-recurring tax of USD 42 million, negative USD 79 million
Attached please find report of the Fourth Quarter 2010 Results
The results will be presented Wednesday 9th of February 2011 at 14:00 CET by President/CEO Jan A. Hammer and Senior Vice President/ CFO Haakon Ringdal. The presentation will be held live at DnB NOR at Stranden 21, Aker Brygge. The presentation will be in Norwegian.
There will be an opportunity to ask questions. The presentation will also be made available on www.odfjell.com.
For more information please contact:
Jan A. Hammer, President/CEO, ph. + 47 55 27 46 11, mobile + 47 908 39 719 or e-mail jan.hammer@odfjell.com
Haakon Ringdal, Senior Vice President/CFO ph. + 47 55 27 45 63, mobile + 47 995 83 620 or e-mail Haakon.ringdal@odfjell.com
Jan A. Hammer, President/CEO, ph. + 47 55 27 46 11, mobile + 47 908 39 719 or e-mail jan.hammer@odfjell.com
Haakon Ringdal, Senior Vice President/CFO ph. + 47 55 27 45 63, mobile + 47 995 83 620 or e-mail Haakon.ringdal@odfjell.com
The Odfjell Group is a leading participant in the global market of the seaborne transportation and storage of chemicals and other speciality bulk liquids. The Odfjell fleet comprises about 90 ships, trading both globally and regionally. The tank terminal division consists of nine fully or partially owned tank terminals and nine associated tank terminals strategically located. The Odfjell Group is headquartered in Bergen, Norway and has more than 20 offices world wide. Odfjell has about 3 700 employees and an annual gross revenue of about USD 1.3 billion.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
