• Soft parcel tanker market with time-charter results 7% lower than third quarter
• Continued strong operating results from tank terminals
• Compensation from Sevmash of USD 43 million
• Pre-tax impairment charges of USD 14 million relating to Odfjell Terminals Maritiem and one ship planned for recycling
• EBITDA 2009 USD 182 million
• Net result 2009 USD 11 million
Attached please find the report of the 4th Quarter Result 2009.
On Monday 8 February President/ CEO Jan A. Hammer and CFO Haakon
Ringdal will present the fourth quarter results 2009. The presentation will be held at DnB NOR at Stranden 21, Aker Brygge at 14:00 CET. The presentation will be held in Norwegian.
There will be an opportunity to ask questions. The presentation will be made available on www.odfjell.com/Investor Relations.
For more information: President/CEO Jan A. Hammer, ph. + 47 55 27 46 11, mobile: + 47 908 39 719 or e-mail: jan.hammer@odfjell.com or Senior Vice President/CFO Haakon Ringdal, ph. + 47 55 27 45 63, mobile: + 47 995 83 620 or e-mail: haakon.ringdal@odfjell.com