Dampskibsselskabet "NORDEN" A/S
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Forward-looking statements
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Forward-looking statements The annual report contains certain forward-looking statements reflecting the Management’s present judgment of future events and financial results. Statements relating to 2008 and the years ahead are naturally subject to uncertainty, and NORDEN’s realised results may therefore differ from the projections. Factors that may cause such variance include, but are not limited to, changes in macro-economic and political conditions – particularly in the Company's principal markets; changes to NORDEN’s rate assumptions and operating expenses; volatility in rates and tonnage prices; regulatory changes; any disruptions to traffic and operations as a result of external events, etc. This annual report should not be interpreted as a recommendation to trade shares in Dampskibsselskabet ”NORDEN” A/S. |
Outlook for 2008
NORDEN expects an EBITDA for 2008 in the range of USD 650-730 million, which is considerably higher than in 2007, when the EBITDA was USD 538 million. The main contribution to this increase comes from the Dry Cargo Department as a result of the strong freight market and the department’s coverage at very attractive rate levels.
NORDEN expects a profit after tax for 2008 in the range of USD 750-830 million, including a negative fair value adjustment of certain hedging instruments of USD 21 million.
Events after the balance sheet date
No significant events have occurred up the publishing date of this annual report that have not been included and adequately disclosed in the annual report and that materially affect the income statement or the balance sheet.
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