Highlights—4Q24
- The strong performance on safety continues with high operational efficiency and no significant incidents during the quarter.
- Odfjell delivered a solid financial result, in line with 4Q23, but below record levels from the last three quarters.
- The time charter earnings ended at USD 183 million, compared to USD 202 million in 3Q24.
- EBIT of USD 68 million compared to USD 91 million in 3Q24.
- Quarterly net result of USD 51 million. Net result adjusted for one-off items at USD 53 million compared to USD 71 million in 3Q24.
- Net result contribution from Odfjell Terminals was USD 2.2 million, slightly below 3Q24.
- The carbon intensity (AER) for 4Q24 came in at 7.1.
- During the quarter, one newbuilding was delivered on time charter and Odfjell declared purchase options for three stainless steel vessels. These are currently on long-term time charter or bareboat charter. Contracts were also concluded for three additional newbuildings to be delivered between 2026 and 2028: two vessels on long-term charters and one to be owned by Odfjell.
- The Board approved a dividend of USD 0.78 per share based on 2H24 net adjusted results.
Highlights—FY2024
- Odfjell delivered the strongest financial result ever with a net result of USD 278 million. Total dividend per share related to 2024 results will be USD 1.78 amounting to USD 141 million.
- Odfjell took delivery of four vessels on long-term time charter during the year. With another 18 newbuildings on order, the renewal and expansion of the fleet continue.
