Odfjell SE today published its Annual Report for 2022
2022 highlights:
• Net result of USD 142 million, the strongest annual result since 2008
• EBIT of USD 224 million, compared to USD 47 million in 2021
• Total dividend of USD 66 million for FY 2022 based on the company’s new dividend policy
• Improved contract portfolio and a fourth consecutive year of positive CoA renewals for Odfjell Tankers
• Odfjell Terminals perform well, delivering healthy financial results and activity levels across the portfolio
• Decarbonization continues: Carbon intensity for Odfjell’s controlled fleet was reduced by another 5,5%, now 49% lower than the 2008 reference value
“2022 was yet another year of contrasts. Geopolitical tension and a persistent Covid pandemic led to global unpredictability and deeply affected our markets, operations, and people. At the same time, we experienced a year of encouraging market developments, strong fundamentals, and safe, efficient operations, leading to one of the strongest annual results in Odfjell’s history,” CEO Harald Fotland said.
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