공시 • Mar 15
Odfjell Technology Ltd Announces CFO Changes Odfjell Technology Ltd. announced that Chief Financial Officer (CFO) Jone Torstensen will be retiring from his role on April 1, 2026. Eirik Knudsen, currently CFO of Odfjell Oceanwind, will be appointed as Mr. Torstensen’s successor. Mr. Knudsen has extensive experience from senior financial roles within the Odfjell group. He joined Odfjell Drilling in 2009 and held several senior roles, including Business Development Manager and CFO of Odfjell Drilling Brazil. Mr. Knudsen holds a master's degree in finance from the Norwegian School of Economics (NHH). Jone Torstensen has been a key contributor to the development of Odfjell Technology over the past 14 years, both as a part of Odfjell Drilling and after the Company’s spin-off from Odfjell Drilling in March 2022. To ensure continuity and support a period of transition, Mr. Torstensen will remain with the Company for a defined handover period and will support the incoming CFO. 공시 • Dec 11
Odfjell Technology Ltd., Annual General Meeting, Jun 16, 2026 Odfjell Technology Ltd., Annual General Meeting, Jun 16, 2026. 공시 • Feb 14
Odfjell Technology Ltd. Approves Dividend Distribution, Payable on 12 March 2025 On 13 February 2025, Odfjell Technology Ltd. approved a dividend distribution of NOK 1.52 per share, equal to NOK 60 million with a payment date 12 March 2025. 공시 • Dec 20
Odfjell Technology Ltd., Annual General Meeting, Jun 16, 2025 Odfjell Technology Ltd., Annual General Meeting, Jun 16, 2025. Declared Dividend • Nov 10
Third quarter dividend of kr1.52 announced Shareholders will receive a dividend of kr1.52. Ex-date: 20th November 2024 Payment date: 4th December 2024 Dividend yield will be 44%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (37% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: kr0.98 (vs kr2.15 in 3Q 2023) Third quarter 2024 results: EPS: kr0.98 (down from kr2.15 in 3Q 2023). Revenue: kr1.33b (up 4.6% from 3Q 2023). Net income: kr38.6m (down 55% from 3Q 2023). Profit margin: 2.9% (down from 6.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Energy Services industry in Europe. Declared Dividend • Aug 25
Second quarter dividend of kr1.14 announced Shareholders will receive a dividend of kr1.14. Ex-date: 29th August 2024 Payment date: 12th September 2024 Dividend yield will be 30%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (35% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: kr2.24 (vs kr2.01 in 2Q 2023) Second quarter 2024 results: EPS: kr2.24 (up from kr2.01 in 2Q 2023). Revenue: kr1.36b (up 7.9% from 2Q 2023). Net income: kr88.4m (up 11% from 2Q 2023). Profit margin: 6.5% (up from 6.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Energy Services industry in Europe. Declared Dividend • May 20
First quarter dividend of kr0.89 announced Shareholders will receive a dividend of kr0.89. Ex-date: 24th May 2024 Payment date: 5th June 2024 Dividend yield will be 20%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (26% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: kr1.30 (vs kr1.10 in 1Q 2023) First quarter 2024 results: EPS: kr1.30 (up from kr1.10 in 1Q 2023). Revenue: kr1.28b (up 12% from 1Q 2023). Net income: kr51.5m (up 19% from 1Q 2023). Profit margin: 4.0% (up from 3.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe. Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: kr8.72 (vs kr6.41 in FY 2022) Full year 2023 results: EPS: kr8.72 (up from kr6.41 in FY 2022). Revenue: kr5.02b (up 29% from FY 2022). Net income: kr344.2m (up 36% from FY 2022). Profit margin: 6.9% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Energy Services industry in Europe. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €5.59, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Energy Services industry in Europe. Total returns to shareholders of 21% over the past year. Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: kr8.72 (vs kr6.41 in FY 2022) Full year 2023 results: EPS: kr8.72 (up from kr6.41 in FY 2022). Revenue: kr5.02b (up 29% from FY 2022). Net income: kr344.2m (up 36% from FY 2022). Profit margin: 6.9% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Energy Services industry in Europe. 공시 • Feb 16
Odfjell Technology Ltd. Announces Cash Dividend, Payable on March 6, 2024 Odfjell Technology Ltd. announced cash dividend of NOK 6.33 per share. Last day including right: February 22, 2024. Ex-date: February 23, 2024. Record date: February 26, 2024. Payment date: March 6, 2024. Date of approval: February 15, 2024. 공시 • Jan 23
Odfjell Technology Ltd., Annual General Meeting, Jun 24, 2024 Odfjell Technology Ltd., Annual General Meeting, Jun 24, 2024. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €4.58, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Energy Services industry in Europe. Total returns to shareholders of 80% over the past year. New Risk • Nov 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risks High level of debt (81% net debt to equity). Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: kr2.15 (vs kr1.11 in 3Q 2022) Third quarter 2023 results: EPS: kr2.15 (up from kr1.11 in 3Q 2022). Revenue: kr1.28b (up 28% from 3Q 2022). Net income: kr84.8m (up 94% from 3Q 2022). Profit margin: 6.7% (up from 4.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe. 공시 • Nov 03
Odfjell Technology Ltd. Announces Cash Dividend, Payable on 23 November 2023 Odfjell Technology Ltd. announced cash dividend of NOK 0.633 per share. Ex-date is 13 November 2023. Record date is 14 November 2023. Payment date is 23 November 2023. Date of approval is 2 November 2023. Upcoming Dividend • Aug 28
Upcoming dividend of kr0.63 per share at 2.6% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 14 September 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.2%). 공시 • Aug 25
Odfjell Technology Ltd. Announces Dividend for the Second Quarter, Payable on September 14, 2023 On August 23, the board of directors of Odfjell Technology Ltd. approved a dividend distribution of NOK 0.633 per share, equal to approximately NOK 25 million with a payment date of 14 September 2023. This is the second consecutive quarter with dividend distribution after 50million was paid out 1 June. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €4.37, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 125% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.22 per share. 공시 • May 12
Odfjell Technology Ltd. Announces Dividend, Payable on 1 June 2023 Odfjell Technology Ltd. announced dividend of NOK 1.267 per share. Ex-date: 23rd of May, record date: 24th of May, Payment date: 1st of June, Date of approval: 11th of May. 공시 • May 05
Odfjell Technology Ltd. to Report Q1, 2023 Results on May 12, 2023 Odfjell Technology Ltd. announced that they will report Q1, 2023 results on May 12, 2023 Reported Earnings • Apr 24
Full year 2022 earnings released Full year 2022 results: EPS: kr6.41. Revenue: kr3.89b (up kr3.54b from FY 2021). Net income: kr253.0m (up kr240.0m from FY 2021). Profit margin: 6.5% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Energy Services industry in Europe. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €4.13, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 89% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.29 per share. Reported Earnings • Feb 18
Full year 2022 earnings released Full year 2022 results: EPS: kr6.41. Revenue: kr3.89b (up 28% from FY 2021). Net income: kr253.0m (up 121% from FY 2021). Profit margin: 6.5% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Energy Services industry in Europe. 공시 • Feb 14
Odfjell Technology Ltd. to Report Q4, 2022 Results on Feb 17, 2023 Odfjell Technology Ltd. announced that they will report Q4, 2022 results on Feb 17, 2023 Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 25% share price gain to €3.26, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Energy Services industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €4.30 per share. Reported Earnings • Nov 26
Third quarter 2022 earnings released Third quarter 2022 results: kr1.42 loss per share. Net loss: kr56.1m (down 228% from profit in 3Q 2021). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Energy Services industry in Europe. 공시 • Nov 18
Odfjell Technology Ltd. to Report Q3, 2022 Results on Nov 25, 2022 Odfjell Technology Ltd. announced that they will report Q3, 2022 results on Nov 25, 2022 Reported Earnings • Aug 26
Second quarter 2022 earnings released Second quarter 2022 results: EPS: kr0.18. Net income: kr7.30m (up kr7.30m from 2Q 2021). Over the next year, revenue is expected to shrink by 3.3% compared to a 14% growth forecast for the Energy Services industry in Germany. 공시 • Aug 16
Odfjell Technology Ltd. to Report Q2, 2022 Results on Aug 24, 2022 Odfjell Technology Ltd. announced that they will report Q2, 2022 results on Aug 24, 2022 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €2.02, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 10x in the Energy Services industry in Europe. Reported Earnings • Jun 04
First quarter 2022 earnings released First quarter 2022 results: EPS: kr2.34. Revenue: kr836.2m (flat on 1Q 2021). Net income: kr92.5m (up kr92.5m from 1Q 2021). Profit margin: 11% (up from null in 1Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 19% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 21% share price gain to €2.61, the stock trades at a trailing P/E ratio of 8.9x. Average forward P/E is 10x in the Energy Services industry in Europe. 공시 • May 25
Odfjell Technology Ltd. to Report Q1, 2022 Results on May 31, 2022 Odfjell Technology Ltd. announced that they will report Q1, 2022 results on May 31, 2022