Norden suffered USD 48 million deficit

Norden finished 2013 with a total deficit of USD 48 million. "2013 was a year of investment, not a year of profit making," says CEO Carsten Mortensen.

BY OLE ANDERSEN

D/S Norden finished 2013 with an operating result of USD 24 million and a total deficit of USD 48 million. The carrier expects a positive operating result, EBITDA, of around USD 20 - 120 million for 2014.

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