2024-05-11 17:01:01 ET
Odfjell SE (ODJAF)
Q1 2024 Earnings Conference Call
May 8, 2024 03:00 AM ET
Company Participants
Harald Fotland - Chief Executive Officer
Terje Iversen - Chief Financial Officer
Nils Selvik - Vice President, Investor Relations
Presentation
Harald Fotland
Good morning, everyone, and welcome to the presentation of Odfjell's First Quarter Results. Before I start, please note that there is a Q&A tab on the right-hand side of your screen. Please use that tab if you have questions during our presentation. The agenda follows a standard format. I will present the highlights. My colleague, Terje Iversen will take you through the financial figures, and then I will summarize this presentation with an operational review and market update and prospects.
Odjfell is today presenting the best financial result in our 110-year long history. This is, of course, a great inspiration for all of my more than 2,000 colleagues around the globe. The time charter earnings in Odjfell Tankers ended at $195 million, and this compares to $182 million in the fourth quarter of 2023. We delivered an EBIT of $89 million. This compares to $71 million in the previous quarter, and we delivered a record net result of $68 million....
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Odfjell SE (ODJAF) Q1 2024 Earnings Call Transcript