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

493

Headquarters

Hellerup, Denmark
Website

DNORD Metrics

BasicAdvanced
€914M
7.90
€4.02
0.28
€1.07
3.37%

Bulls say / Bears say

NORDEN’s disciplined asset strategy realized USD 41 million of vessel sale gains in H1 2025 and signed 18 new leasing agreements, driving a robust Q2 net profit of USD 52 million and cementing a ROIC of 10% LTM as full-year guidance is narrowed to USD 70–130 million. (Reuters)
The Baltic Exchange’s dry bulk sea freight index rose 1.6% to 1,261 on April 17 as demand improved across capesize, panamax, and supramax segments, supporting stronger freight rates in the dry cargo market which benefits NORDEN’s dry bulk operations. (Reuters)
In Q1 2025, NORDEN reported a net profit of USD 33 million, ROIC of 11%, and NAV of DKK 372 per share, prompting an upgrade of its full-year net profit guidance to USD 50–130 million. (Reuters)
The Baltic Dry Index sank to a three-week low of 1,540 on April 3 as U.S. tariffs and weakening demand pressured panamax and supramax rates, highlighting volatility in the dry bulk market that could weigh on NORDEN’s chartering revenues. (Reuters)
Aframax and Suezmax tanker freight rates have shown marked volatility, with rates to India from Baltic ports surging to about $7 million per trip due to spikes in Russian exports, underscoring geopolitical and sanction-related risks to NORDEN’s tanker segment earnings. (Reuters)
Meeting the lower end of NORDEN’s revised USD 70–130 million full-year guidance hinges on realizing approximately USD 70 million of vessel sale gains, indicating significant reliance on non-operational levers that may be subject to market value fluctuations. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 9 Oct 2025.
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