NORDEN receives Information Prize for 2011 - Corporate News

12 Jan 2012

NORDEN receives Information Prize for 2011 from The Danish Society of Financial Analysts (DDF).

Today, NORDEN received the Information Prize for 2011 from the Danish Society of Financial Analysts.

”Since the expansion of the group of shareholders in D/S NORDEN which commenced in 2007, the company has improved its information level to the share market significantly and now appears a role model for major Danish companies, and also for the global shipping industry,” according to the motivation behind the prize-giving. This – the Danish Society of Financial Analysts emphasises – has already been recognised in connection with the Information Prize for 2009 and also with a number of other accounting prizes.

”In spite of difficult market conditions, NORDEN has not reduced the amount of information given; on the contrary, it has published its focus for future improvements in its annual report,” according to the motivation for the prize.

The Committee for Accounting Standards of the Danish Society of Financial Analysts emphasises the fact that NORDEN particularly lives up to the focus areas selected by the Committee for 2011, that is commenting on the effect of changes in input costs, a high level of detail in the interim reports with comments on the latest quarter, as well as easy access to management and relevant employees.

It is pleasant, but also somewhat awe-inspiring, to be called a role model, said Carsten Mortensen, CEO of NORDEN, in his acceptance speech.

”This is not how we see ourselves. But we are always seeking to provide the NORDEN share with a label which is as clear as possible. And fortunately we have to this end a small team of dedicated employees within IR, communications and finance. They know their jobs really well. They know what is going on in NORDEN and in our markets. And they are therefore able to enter into a meaningful and qualified dialogue with you, just as they are able to prioritise and set a course. As I said two years ago, the art is not to inform about everything – no, the art is to select and deselect so that the focus remains on what is most important in order for you to evaluate NORDEN,” said Carsten Mortensen.

Contact:
Jens Peter Skaarup, Senior Communications Manager
Telephone (direct): +45 3271 0863

Further information:

 The Danish Society of Financial Analysts (DDF) website

 NORDEN's CEO and President Carsten Mortensen's speech of thanks