Q4 2024 Odfjell Technology Ltd Earnings Call Transcript
Key Points
- Odfjell Technology Ltd (FRA:ND4) reported a strong revenue of NOK1.45 billion for the quarter, with an EBITDA of NOK191 million.
- The company has a robust order backlog of NOK13.3 billion, providing significant revenue visibility.
- Odfjell Technology Ltd (FRA:ND4) has a strong balance sheet with available liquidity of NOK1.1 billion and a comfortable leverage ratio.
- The company has entered a strategic cooperation agreement with Reelwell, which is expected to be a game changer for downhole operations.
- Odfjell Technology Ltd (FRA:ND4) continues to pay dividends, with NOK60 million distributed in Q4, reflecting a strong commitment to shareholder returns.
- The EBITDA dropped by NOK32 million compared to the previous year, driven by a shift in product line mix and reduced bonus achievements.
- There is an ongoing legal dispute with HMRC regarding national insurance contributions, which could extend until 2027.
- The company experienced a high pass-through cost in Q4, which significantly pulled down the margin for value services.
- Project engineering revenue decreased by NOK9 million due to project postponements, impacting EBITDA negatively.
- The market outlook indicates a slow start for 2025, with anticipated improvements only in the second half of the year.
Welcome to Odfjell Technology's Q4 presentation. My name is Gert Haugland, I'm the SVP for Finance and Investor Relations in Odfjell Technology.
I'm joined by our CEO, Simen Lieungh; and our CFO, Jone Torstensen. You will find the presentation on our website, and please take notice of the disclaimer on page 2. We will start with Simen presenting the key highlights and talk about the market outlook, backlog, and the contract status. Jone, thereafter, go through the final financial figures before we conclude with the Q&A session. You can submit your questions through the webcast portal or by using the dial-in numbers. I'll now hand it over to Simen for the first part.
Thank you, Gert. Good morning, everybody. Thank you for calling in. My voice is a little rusted today, so excuse me for that, but I'll manage.
I'll start with the key highlights and the key financials. We have a quarter a revenue of
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
