Odfjell Technology Ltd reports for the fourth quarter of 2022

Odfjell Technology Ltd is pleased to report its financial and operational results for the three months period ended 31^st December 2022.

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

Highlights:

• Concluded the year with another strong quarterly financial performance
• Operating Revenue of NOK 1131m
• EBITDA of NOK 197m
• EBIT of NOK 122m
• Net profit of NOK 109m
• Backlog of NOK 11bn

• High activity level in all business areas

• Expected dividend distribution of NOK100m in 2023

Chief Executive Officer Simen Lieungh, Chief Financial Officer Jone Torstensen and SVP Finance & Investor Relations Gert Haugland, of Odfjell Technology AS will be hosting a webcast to present the results as well as providing an outlook for the Company at 2pm CET.

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

Webcast link:

https://brrmedia.news/OdfjellTechnology_Q4_Results

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 Q4 when prompted by the operator

 Participants will be asked for name and company.

For further queries, please contact:

Gillian Basson, Corporate Secretary
+44 (0)7796 547889
gbas@odfjelldrilling.com

Aberdeen, United Kingdom
17 February 2023
Odfjell Technology Ltd

OTL Q4 2022 Report

OTL Q4 Presentation.pdf

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