Odfjell SE - 1st Quarter Result 2010

Odfjell SE - 1st Quarter Result 2010

ID: 20230

(Thomson Reuters ONE) -


* Net result a loss of USD 4 million, EBITDA of USD 49 million and EBIT of USD
10 million
* Continued strong results from tank terminals
* Stable time-charter results compared to fourth quarter 2009
* Contribution of USD 12 million to EBITDA from hedging of bunkers and
currency
* Four ships sold for recycling


Attached please find the report of the 1st Quarter Result 2010.

On Wednesday 5 May President/ CEO Jan A. Hammer will present the 1st Quarter
2010 Result in a conference call at 14:00 CET.

Participant numbers:
+44 (0)20 7136 2052 UK/International

+1 212 444 0481 USA

+47 2415 9756 Norway


A live audio webcast presentation will be made available
onwww.odfjell.com/Investor Relation/Reports
and Presentations/Webcasts.

Replay
A replay of the conference call will be made available
onwww.odfjell.com/Investor Relations/Reports
and Presentations/Webcasts until 4 June 2010.

Access code: 5476113#

Access numbers:
+44 (0)20 7111 1244 UK/International

+1 718 354 1112 USA

+47 2100 0498 Norway



For more information: President/CEO Jan A. Hammer, ph. + 47 55 27 46 11, mobile:
+47 908 39 719 or e-mail:jan.hammer(at)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 includes 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 headquarted 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 acc. to §5-12 vphl
(Norwegian Securities Trading Act)



[HUG#1411661]





Report 1st Quarter 2010: http://hugin.info/156/R/1411661/364048.pdf




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Bereitgestellt von Benutzer: hugin
Datum: 04.05.2010 - 15:01 Uhr
Sprache: Deutsch
News-ID 20230
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contact information:
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