4Q16 report and preliminary full year: Significant improvement in financial performance in 2016 (Odfjell SE)
(WorldNews Europe)

(Source: Odfjell SE) The results show significant improvement in financial performance in 2016 in spite of challenging markets. Efficiency programs continue to increase competitiveness, and the balance sheet is substantially strengthened. For the full year, Odfjell reports net results of USD 100 mill, compared with net results of USD -36 mill in 2015, and improved full year EBITDA to USD 238 mill, from USD 190 mill in 2015. The Q4 results...