Odfjell SE/Nkr ODF

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About Odfjell SE

Odfjell SE is a company based in Bergen, Norway, primarily engaged in the global shipping industry. It specializes in the transportation and storage of chemicals and other bulk liquids. The company's operations are divided into two main segments: Chemical Tankers and Tank Terminals. The Chemical Tankers segment operates a fleet of sophisticated chemical tankers, while the Tank Terminals segment involves the operation of storage tank terminals in strategic locations worldwide. Odfjell SE's strategic positioning is characterized by its extensive global network and expertise in handling specialized cargo, providing competitive strengths in logistics and supply chain management in the chemical shipping industry.
Ticker
Nkr ODF
Sector
Mobility
Primary listing
XOSL
Employees
2,300
Headquarters
Bergen, Norway

Odfjell SE Metrics

BasicAdvanced
kr 10B
6.50
kr 20.24
-0.23
kr 9.61
7.30%

Bulls say / Bears say

Odfjell’s second-quarter performance showed strong earnings momentum: time-charter earnings rose to USD 195 million, while adjusted net result increased to USD 56 million from USD 26 million in the first quarter. Average TCE also rose to USD 29,486 per day. (Odfjell)
Fleet renewal is adding capacity while keeping part of the growth on long-term charters. Odfjell took delivery of two newbuildings in the quarter and ordered four specialised 40,000 dwt vessels, which should strengthen its ability to serve complex chemical cargoes. (Odfjell, MarketScreener)
Trade disruption is supporting tonne-mile demand even where cargo volumes are weak: alternative sourcing and longer voyages are helping keep freight rates above pre-conflict levels. Odfjell is also adapting its cargo mix, with vegoils and biofuels reaching 19% of lifted volumes in the second quarter versus 8% on average in 2025. (MarketScreener, EarningsCalls.dev)
Management expects underlying third-quarter net result to fall back towards the first-quarter level. Spot markets have softened, new vessels are entering the market and strong competition is making the post-second-quarter earnings outlook less favourable. (Odfjell, Lloyd's List)
Underlying chemical-shipping demand is weakening. Cargo lifted was flat at 3.2 million tonnes quarter-on-quarter and below 2025 levels, while global seaborne chemical volumes fell 6% during the period and the company expects global chemical and vegoil trade to decline by about 2% in 2026. (MarketScreener, EarningsCalls.dev)
The expansion plan increases financial commitments just as earnings are expected to cool. Odfjell’s four new vessels require about USD 290 million of investment, while its capital-markets plan shows remaining newbuild capex of roughly USD 325 million through 2029 and rising operational-lease obligations as more chartered vessels arrive. (MarketScreener, MarketScreener)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.

Odfjell SE Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Odfjell SE Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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Market data provided by CBOE Europe and Deutsche Börse.