ODFJELL SE
Sector unknown·ODF · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Agriculture and food production
End markets
Market
“Significant Markets and Customer Base: We operate on a global scale, serving key markets across the Americas, EMEA, Asia, and the Pacific. This global reach connects us with a broad spectrum of customers, including major chemical producers, and industrial manufacturers, supporting essential sectors from food production to construction.”
Annual report 2024A · The company itself
Chains in: Grain and agricultural commodities mixed effect, Climate change and extreme weather weakens, Grocery retail and private label weakens
Automation and robotics
Technology
StrategyPositive impact: strengthens
“The Board is satisfied with the record strong result and recognizes that several years of continuous focus on reducing cost and improving efficiency and quality continue to pay-off, and that we have been able to take advantage of the strong markets by increasing volumes and improving rates.”
Annual report 2024A · The company itself
Beer and beverages
End markets
Market
“Products, Markets, and Workforce: Products and Services: Odfjell specializes in transporting chemicals and other liquid products, focusing on specialty and easy chemicals, as well as vegetable oils and, in specific cases, clean petroleum products (CPP).”
Annual report 2024A · The company itself
Chains in: Grain and agricultural commodities strengthens, Consumer preference shifts mixed effect, Packaging weakens
Chemicals and specialty chemicals
Raw materials and inputs
Market
“Products, Markets, and Workforce: Products and Services: Odfjell specializes in transporting chemicals and other liquid products, focusing on specialty and easy chemicals, as well as vegetable oils and, in specific cases, clean petroleum products (CPP). Our vessels, primarily equipped with stainless steel tanks, offer unique versatility, allowing us to handle a broad range of liquid products.”
Annual report 2024A · The company itself
Construction
End markets
Market
“Significant Markets and Customer Base: We operate on a global scale, serving key markets across the Americas, EMEA, Asia, and the Pacific. This global reach connects us with a broad spectrum of customers, including major chemical producers, and industrial manufacturers, supporting essential sectors from food production to construction.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens, Housing market strengthens, Public investment and infrastructure strengthens, Business cycle and GDP growth strengthens, Reconstruction of Ukraine strengthens
Energy efficiency
Technology
StrategyPositive impact: strengthens
“Through long-term time charters with purchase options, we have significantly increased the flexibility of our fleet with limited upfront capital expenditure. Odfjell remains a market leader within sustainability and fleet efficiency.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
Sea freight and freight rates
Raw materials and inputs
DriverMixed impact: mixed
“Chemical tanker spot rates strengthened during the first half of the year but weakened towards the end of the year. Swing tonnage in our market was at low levels in the beginning of the year due to high margins in the clean petroleum product (CPP) tanker segment, contributing to the tight chemical tanker supply.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“The average rates achieved on Contract of Affreightment (CoA) cargoes ended in 2024 at a level approximately 10% higher than the year before, while achieved spot rates were down around 2% for the same period.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Renewed contracts in 2024 saw healthy average rate increases, and achieved rates are now up around 42% on average since the market upswing started in the second quarter 2022. Although geopolitical unrest has caused market conditions to be volatile, a solid future tonne-mile demand outlook and limited supply growth together with market inefficiencies should ensure continued healthy and strong markets for our tankers.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens
Geopolitical uncertainty
Macro
DriverNegative impact: weakens
“Security remains a paramount concern, especially given the increasing reports of piracy and attacks on shipping around the east coast of Africa, Gulf of Aden, and Arabian Sea. This uptick is primarily attributed to regional instability, including conflicts involving Yemen's Houthi rebels and broader unrest in the Red Sea corridor linked to the Israel- Hamas war.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Geopolitical risks continued to be of significant concern. The tensions influenced global commodity markets, leading to downward pressure on prices as fears of recession and expectations of weak demand overshadowed concerns about supply.”
Annual report 2024A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“The tensions influenced global commodity markets, leading to downward pressure on prices as fears of recession and expectations of weak demand overshadowed concerns about supply. Macroeconomic uncertainty remains, on the back of less economic activity in China and Europe. Global industry and manufacturing continue to struggle, with lower levels of new orders.”
Annual report 2024A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Climate change and extreme weather
Macro
DriverNegative impact: weakens
“2024 was the warmest year in recorded history, underscoring the accelerating impacts of climate change.”
Annual report 2024A · The company itself
Chains out: this weakens Agriculture and food production
Fuel
Raw materials and inputs
InputNegative impact: weakens
“Inputs: Our primary inputs include fuel and vessels designed for safe chemical transport, produced and maintained by shipyards that meet our stringent quality standards.”
Annual report 2024A · The company itself
Chains out: this strengthens Shipping and logistics, strengthens Aviation and travel
Global trade volumes
Macro
DriverPositive impact: strengthens
“Global seaborne chemical and vegoil volumes grew compared to 2023, but increasing competition from swing operators led to lower spot demand for chemical tankers in the second half of 2024.”
Annual report 2024A · The company itself
Chains in: Tariffs and trade policy weakens, Geopolitical uncertainty weakens, Business cycle and GDP growth strengthens
Chains out: this strengthens Shipping and logistics
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“Policy shifts in the US, including potential import tariffs, port fees on Chinese built ships, may however influence trade flows.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Asia and emerging markets
Geography
Geography
“Significant Markets and Customer Base: We operate on a global scale, serving key markets across the Americas, EMEA, Asia, and the Pacific.”
Annual report 2024A · The company itself
Europe
Geography
Geography
“Significant Markets and Customer Base: We operate on a global scale, serving key markets across the Americas, EMEA, Asia, and the Pacific.”
Annual report 2024A · The company itself
Inflation
Macro
DriverNegative impact: weakens
“In 2024, inflation eased but proved to be more persistent than anticipated, prompting central banks to navigate the balance between controlling inflation and fostering growth.”
Annual report 2024A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
United States
Geography
Geography
“Significant Markets and Customer Base: We operate on a global scale, serving key markets across the Americas, EMEA, Asia, and the Pacific.”
Annual report 2024A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 1.25 bn USD |
| Revenue growth vs. the year before, same method | 4.6 % |
| EBITDA reported by the company | N/A |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 3.51 USD |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (USD), not converted to DKK. Quotes are shown as the company's own words in the report's original language.