Odfjell SE: Annual Report 2022

28 Mar 2023 15:33 CEST

Odfjell SE today published its 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 said.

Contents include:

· Financial statements & Notes - Odfjell Group and Odfjell SE
· The Board of Director's report
· Business review from Odfjell Tankers, Ship Management and Odfjell Terminals
· ESG report

Please find a PDF of the annual report attached. Hard copies can be ordered by
contacting media@odfjell.com.

IR Contacts:
Nils Jørgen Selvik, VP Corporate Analysis & IR
Tel: +47 920 39 718
E-mail: nils.jorgen.selvik@odfjell.com

Terje Iversen, CFO
Tel: +47 932 40 359
E-mail: terje.iversen@odfjell.com

The Odfjell Group is one of the leading players in the global market for
seaborne transportation and storage of chemicals and other specialty bulk
liquids. The Odfjell fleet comprises of approx. 70 ships, which trade both
globally and regionally. The tank terminal division consists of four tank
terminals and is part of a network of another ten tank terminals partly owned by
related parties. The tank terminals are strategically located at selected
international shipping hubs. The Odfjell Group's headquarters are in Bergen,
Norway, and the Group has offices in 12 locations around the world. Odfjell
employs around 2300 staff and posted annual gross revenue of USD 1310 million in
2022. Read more on Odfjell.com (https://www.odfjell.com/).

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

586399_odf_2022_12_31_en.zip
586399_Odfjell_SE_Annual_Report_2022.pdf