Dampskibsselskabet Norden A/S/€DNORD

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About Dampskibsselskabet Norden A/S

Dampskibsselskabet Norden A/S is a Danish shipping company engaged primarily in the operation of dry cargo and tanker vessels. The company provides transportation services for industrial and commodity customers across global shipping routes, with a fleet that includes a variety of vessel types such as Panamax, Supramax, and Handysize. Founded in 1871, Norden has a long history in maritime trade, reflecting its extensive operational expertise. Headquartered in Hellerup, Denmark, the company operates internationally, leveraging strategic maritime hubs to facilitate efficient shipping logistics. Its competitive strengths lie in a flexible business model, robust market knowledge, and long-term customer relationships.

Ticker

€DNORD

Sector

Mobility

Primary listing

XGAT

Employees

473

Headquarters

Hellerup, Denmark
Website

DNORD Metrics

BasicAdvanced
€939M
7.93
€4.13
0.01
€1.07
3.27%

Bulls say / Bears say

On October 28, 2025, Norden raised its full-year 2025 net profit guidance to USD 100–140 million from USD 70–130 million, underscoring management’s optimism about improving market conditions.
Norden’s net asset value rose to DKK 362 per share in Q3 2025, a 7% increase quarter-on-quarter, backed by higher forward rates and asset values.
Driven by Asset Management, Norden posted a Q3 2025 net profit of USD 26 million, supported by strong operating income and vessel sales gains, contributing USD 68 million in sales gains over the first nine months of 2025.
Norden’s Freight Services & Trading segment posted an EBITDA loss of USD 13.6 million in Q3 2025, highlighting persistent pressure on the core trading business.
The large-vessel dry operator subsegment recorded an EBITDA loss of USD 26.1 million in Q3 2025, reflecting elevated charter costs for transporting lower-yield cargoes.
Quarterly net profit declined by 50% from USD 52 million in Q2 2025 to USD 26 million in Q3 2025, pointing to notable earnings volatility.
Data summarised monthly by Lightyear AI. Last updated on 10 Nov 2025.
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