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Dampskibsselskabet Norden A/S Earnings Calls
| Release date | May 06, 2026 |
| EPS estimate | $0.90 |
| EPS actual | -$0.300 |
| EPS Surprise | -133.33% |
| Revenue estimate | 615M |
| Revenue actual | 517.4M |
| Revenue Surprise | -15.87% |
| Release date | Feb 04, 2026 |
| EPS estimate | -$0.300 |
| EPS actual | $0.200 |
| EPS Surprise | 166.67% |
| Revenue estimate | 653M |
| Revenue actual | 513M |
| Revenue Surprise | -21.44% |
| Release date | Oct 31, 2025 |
| EPS estimate | $0.690 |
| EPS actual | $0.90 |
| EPS Surprise | 30.43% |
| Revenue estimate | - |
| Revenue actual | 737M |
| Release date | Aug 14, 2025 |
| EPS estimate | $0.750 |
| EPS actual | $1.80 |
| EPS Surprise | 140.00% |
| Revenue estimate | - |
| Revenue actual | 780.2M |
Last 4 Quarters for Dampskibsselskabet Norden A/S
Below you can see how DPBSF performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 14, 2025 |
| Price on release | $35.50 |
| EPS estimate | $0.750 |
| EPS actual | $1.80 |
| EPS surprise | 140.00% |
| Date | Price |
|---|---|
| Aug 08, 2025 | $25.96 |
| Aug 11, 2025 | $32.00 |
| Aug 12, 2025 | $32.00 |
| Aug 13, 2025 | $32.00 |
| Aug 14, 2025 | $35.50 |
| Aug 15, 2025 | $35.50 |
| Aug 18, 2025 | $35.50 |
| Aug 19, 2025 | $35.50 |
| Aug 20, 2025 | $35.50 |
| 4 days before | 36.75% |
| 4 days after | 0% |
| On release day | 0% |
| Change in period | 36.75% |
| Release date | Oct 31, 2025 |
| Price on release | $35.50 |
| EPS estimate | $0.690 |
| EPS actual | $0.90 |
| EPS surprise | 30.43% |
| Date | Price |
|---|---|
| Oct 27, 2025 | $38.25 |
| Oct 28, 2025 | $38.25 |
| Oct 29, 2025 | $38.25 |
| Oct 30, 2025 | $38.25 |
| Oct 31, 2025 | $35.50 |
| Nov 03, 2025 | $38.25 |
| Nov 04, 2025 | $38.25 |
| Nov 05, 2025 | $38.25 |
| Nov 06, 2025 | $38.25 |
| 4 days before | -7.19% |
| 4 days after | 7.75% |
| On release day | 0% |
| Change in period | 0% |
| Release date | Feb 04, 2026 |
| Price on release | $41.03 |
| EPS estimate | -$0.300 |
| EPS actual | $0.200 |
| EPS surprise | 166.67% |
| Date | Price |
|---|---|
| Jan 29, 2026 | $41.03 |
| Jan 30, 2026 | $41.03 |
| Feb 02, 2026 | $41.03 |
| Feb 03, 2026 | $41.03 |
| Feb 04, 2026 | $41.03 |
| Feb 05, 2026 | $41.03 |
| Feb 06, 2026 | $41.03 |
| Feb 09, 2026 | $41.03 |
| Feb 10, 2026 | $41.03 |
| 4 days before | 0% |
| 4 days after | 0% |
| On release day | 0% |
| Change in period | 0% |
| Release date | May 06, 2026 |
| Price on release | $47.33 |
| EPS estimate | $0.90 |
| EPS actual | -$0.300 |
| EPS surprise | -133.33% |
| Date | Price |
|---|---|
| Apr 30, 2026 | $47.33 |
| May 01, 2026 | $47.33 |
| May 04, 2026 | $47.33 |
| May 05, 2026 | $47.33 |
| May 06, 2026 | $47.33 |
| May 07, 2026 | $47.33 |
| May 08, 2026 | $47.33 |
| May 11, 2026 | $47.33 |
| May 12, 2026 | $47.33 |
| 4 days before | 0% |
| 4 days after | 0% |
| On release day | 0% |
| Change in period | 0% |
Dampskibsselskabet Norden A/S Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Q1 results: Net profit of $11m and strong operational cash flow of $172m. Return on invested capital just under 8%. NAV rose 11% during the quarter to DKK 422 per share.
- Capital allocation: Quarterly dividend maintained at DKK 2 per share and a $25m share buyback program (total cash returned this quarter $35m). Management notes legal/liquidity limits constrain larger buybacks. NAV currently trades at a ~30% discount to the share price.
- Fleet & strategic positioning: High fleet activity—11 vessels added (8 leases with purchase options, 3 purchases) and 7 vessels sold. Company holds 91 purchase options (33 exercisable in next 2 years) at strike prices ~22% below current market values. Strategic shift toward smaller dry-cargo and multipurpose/Handy-sized vessels to capture more stable base-margin earnings; first newbuild deliveries start Q3 2026 and ramp into 2027–2028. Two ice-class multipurpose newbuilds ordered for a long-term contract (deliveries 2028).
- Market environment & risk: Middle East conflict has sharply supported tanker spot rates but increased regional bunker premiums and operational costs; 7 NORDEN vessels are currently trapped in the Persian Gulf (6 dry, 1 tanker). Tanker earnings were very strong in Q1 (tanker EBIT $47m), while dry cargo EBIT was negative ($45m loss) driven by bunker premiums, costs from the conflict, and repositioning choices. Management has ~80% coverage on the tanker book through end-2028 and increased time-charter-out activity to lock-in earnings.
- Guidance & outlook: Full-year guidance upgraded to $70m–$140m (includes a $30m reservation to cover potential costs for TC vessels stuck in the Persian Gulf). Earnings are expected to be front-loaded (Q2 weighting) and to ease into H2. Management sees favorable long-term fundamentals (aging fleet, low dry-cargo order book) but expects market volatility and is maintaining an asset-agile approach to capture opportunities.
