"2015 was yet another horror year in dry cargo, and Norden put a large number of tools to use to mitigate the effect of an historically miserable dry cargo market" said CEO Jan Rindbo. +FY2015 figures+: 2015 was really an awful year. Norden posted revenue of $1,653m (-19%, o/w -27% in Dry cargo, +10% in Tankers). EBITDA was positive and better than expected at $20.5m (vs $-261m in 2014), including the provision for onerous contracts of $-145m (vs $-230m in 2014). EBITDA was negative in the Dr

02 Mar 2016
Probably at a bottom but a long recovery in perspective

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Probably at a bottom but a long recovery in perspective
Dampskibsselskabet NORDEN A/S (DNORD:CSE) | 0 0 2.3% | Mkt Cap: 4,970m
- Published:
02 Mar 2016 -
Author:
Hélène Coumes -
Pages:
3 -
"2015 was yet another horror year in dry cargo, and Norden put a large number of tools to use to mitigate the effect of an historically miserable dry cargo market" said CEO Jan Rindbo. +FY2015 figures+: 2015 was really an awful year. Norden posted revenue of $1,653m (-19%, o/w -27% in Dry cargo, +10% in Tankers). EBITDA was positive and better than expected at $20.5m (vs $-261m in 2014), including the provision for onerous contracts of $-145m (vs $-230m in 2014). EBITDA was negative in the Dr