Odfjell SE -First Six Months Result 2009
(Thomson Reuters ONE) - * Second quarter net result of USD 11 million* First six months net result of USD 3 million, EBITDA of USD 103 million and EBIT USD 31 million* Lower utilization and higher bunker prices caused time-charter results per day to decrease by 6% compared to first quarter 2009* Stable results from tank terminals* Hedging of bunkers and currency reduced our EBITDA by USD 8 million second quarter 2009* Gain of Total Return Swap of USD 4 million second quarter 2009* Secured long term financing of about USD 160 million, in total* Equity ratio now at 30.6%Attached please find the report of the First Six Months Result 2009.On Thursday 13 August at 10.00 CET, Interim President/ CEO Jan A.Hammer and CFO Haakon Ringdal will present the First Six Month result2009. The presentation will be held at DnB NOR at Stranden 21, AkerBrygge. The presentation will be held in Norwegian.There will be an opportunity to ask questions. The presentation willbe made available on www.odfjell.com/Investor Relations.For more information: Interim President/CEO Jan A. Hammer, ph.+47 908 39 719 or Senior Vice President/CFO Haakon Ringdal, ph. +47 995 83 620The Odfjell Group is a leading participant in the global marketof the seaborne transportation and storage of chemicals and otherspeciality bulk liquids. The Odfjell fleet exceeds 90 ships, tradingboth globally and regionally. The tank terminal division consists ofeight fully or partially owned tank terminals and nine associatedtank terminals strategically located. The Odfjell Group isheadquarted in Bergen, Norway and has about 20 offices located worldwide. Odfjell has about 3 700 employees and an annual gross revenueof about USD 1,5 billion.http://hugin.info/156/R/1334299/316660.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 12.08.2009 - 18:01 Uhr
Sprache: Deutsch
News-ID 4653
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