Annual Report 2022

Investor | 28.03.2023

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Odfjell SE today published the 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