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Norden Lifts FY Net Income Outlook to $340-420 Million from $270-350 Million

(PLX AI) – Norden raises outlook for FY net income to USD 340-420 million from USD 270-350 million previously.The expected improvement is concentrated in Q2 and Q3, and mainly relates to stronger performance in the Freight Services & Trading …

  • (PLX AI) – Norden raises outlook for FY net income to USD 340-420 million from USD 270-350 million previously.
  • The expected improvement is concentrated in Q2 and Q3, and mainly relates to stronger performance in the Freight Services & Trading business unit
  • We are generating very strong earnings for Q2, using market opportunities driven by shifting trade patterns and regional rate volatility across both the product tanker and dry cargo markets, CEO says
  • For both business units, the distribution of earnings per quarter is expected to be more front loaded in 2022 than normal, the company says


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Norden Lifts FY Net Income Outlook to $340-420 Million from $270-350 Million (PLX AI) – Norden raises outlook for FY net income to USD 340-420 million from USD 270-350 million previously.The expected improvement is concentrated in Q2 and Q3, and mainly relates to stronger performance in the Freight Services & Trading …

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