ANNOUNCEMENT NO. 95 - 25 APRIL 2024 COPENHAGEN, Denmark, April 25, 2024 /PRNewswire/ -- For Q1 2024, NORDEN reports a profit of USD 62 million (approx. DKK 435 million). Free cash flow in the first quarter amounted to USD -50 million (approx. DKK -350 million). Return on invested capital (ROIC) was 26% by end of Q1 based on the last twelve months. NORDEN reiterates its full-year guidance of a net profit in the range of USD 150 to 250 million, including gains on sale of vessels from already signed and agreed transactions of USD 59 million. NORDEN CEO, Jan Rindbo, comments: "NORDEN generated a net profit of USD 62 million in the first quarter and a ROIC of 26% in the last twelve months. Our tanker activities performed well, as did our investments in assets, contributing positively ...