Expectations for 2017



09 November 2017
Announcement No 8

Expectations for the adjusted results for the year are raised to USD -10 to 30 million as a result of higher expected Dry Cargo earnings. Announcement No 8

17 August 2017
Announcement No 7

Expectations for the adjusted results for the year are narrowed within the guidance previously announced to USD -20 to 20 million. Announcement No 7

3 May 2017
Announcement No 6

Expectations for the adjusted result for the year maintained at USD -20 to +40 million with a dry cargo market that is expected to offer rates a little higher than in 2016 and a tanker market that still looks challenging throughout 2017. Announcement No 6

1 March 2017
Announcement No 1

Expected adjusted results for 2017 for the group: USD -20 to +40 million based on an improving dry cargo market and a tanker market expected to be weaker than in 2016. Announcement No 1

Forward-looking statements 

The annual- and interim reports and stock exchange announcements referred to above contains certain forward-looking statements reflecting the management’s present judgment of future events and financial results.

Statements relating to 2017 and subsequent years are subject to uncertainty, and NORDEN’s actual results may therefore differ from the projections. Factors that may cause such variance include, but are not limited to, changes in macro-economic and political conditions, particularly in the Company’s principal markets; changes to the Company’s rate assumptions and operating costs; volatility in rates and tonnage prices; regulatory changes; any disruptions to traffic and operations as a result of external events, etc.