Nov 06, 2024 / 08:00AM GMT
Harald Fotland - Odfjell SE - Chief Executive Officer
Good morning everybody and welcome to this presentation of Odfjell's third quarter results. This presentation will follow a traditional pattern. I will start and take you through the highlights. My colleague, Terje Iversen, will take you through our financial performance. And then I will conclude this presentation with an operational review, market update and prospects going forward.
If we then turn to the highlights, we delivered another very strong third quarter result despite a slightly softening spot market. We had a strong safety performance and we had no significant incidents during the quarter. Our time-charter earnings in Odfjell Tankers ended at USD212 million. This is USD13 million below the second quarter, which was a record of USD215 million. We delivered an EBIT of USD91 million, and this compares to USD107 million in the second quarter.
We had a very strong quarterly net result of USD71 million, and this net result, adjusted for one of items, remained at USD71 million, compared to USD88 million in the second quarter. And
Q3 2024 Odfjell SE Earnings Call Transcript
Nov 06, 2024
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