Company Disclosures

Odfjell Technology Ltd Reports for the Second Quarter and First Half of 2023

Published 24.08.2023

Odfjell Technology Ltd is pleased to report its financial and operational
results for the three months period ended 30 June 2023.

– Operating revenue of NOK 1.259 billion
– EBITDA of NOK 212 million
– EBIT of NOK 121 million
– Net profit of NOK 79.4 million


– Substantial revenue and EBITDA growth both compared to previous quarter and
same quarter previous year
– Strengthened cash position
– Momentum of industry upcycle, strong market position, contract wins over the
last 18 months generated growth in all regions and segments
– Dividend distribution of 50m NOK paid 1st of June and payment of additional
25m NOK approved by BoD with payment in September

For the full results, please see the attached report and presentation.

Odfjell Technology AS Chief Executive Officer Simen Lieungh, Chief Financial
Officer Jone Torstensen and SVP Finance & Investor Relations Gert Haugland will
be hosting a webcast and Q&A session at 10:30am CEST to discuss the results.

Stakeholders can either use the following link for the webcast or listen via
telephone using the details below.

Webcast link:

Conference call details:
USA Local: +1 786 697 3501
Norway Local Oslo: +47 2 156 3318
UK-Wide: +44 (0) 33 0551 0200

Password (if prompted) Quote “Odfjell Technology Q2 Results” when prompted by
the operator

For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0)7796 547889

Aberdeen, United Kingdom
24 August 2023
Odfjell Technology Ltd

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

View disclosure and attachments on Newsweb