Expectations for 2019



5 March 2019
Announcement No 9

Expected Adjusted Result for 2019 for the group: USD 25 to 60 million based on improved market conditions in the tanker market and limited exposure to an uncertain dry cargo market. Announcement No 9

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 2018 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.