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Norden expects significantly lower result in 2021 after record year

Norden expects to land a lower result for 2021 than the one booked for the recently finished year. The adjusted annual result is expected to land between USD 20 and 60 million, while that post came to USD 105.7 million in 2020.

Photo: Lars Krabbe/ERH

Shipping company Norden expects to earn less money in 2021 than it did in the just-finished 2020, which was highly characterized by the coronavirus pandemic.

In the company's just published annual report, Norden says it expects the adjusted result for 2021 to land between USD 20 and 60 million, which is quite a bit below the USD 105.7 million achieved in 2020. In comparison, however, that post only came to USD 23 million in 2019.

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